Show th legislature of state of utah special session 1930 state capitol the geair special of the state ot of ut utah all has convened turc of 0 abl er submitting to consert cons mants to the tit utah adnell adopted will enable voters that it f future laturco to lu lure utah li accomplish the T tax ix revision recommendations are arc as follows which bih 1 all tang ibi property taxed at uniform shall be rates the Jurl sEction of the throughout ing the lie tax authority IL lew vy 2 all intangible classified for property shall be purposes of taxation tile the intangible ble shall lie be property exempt from in taxation aaion na with the express property provision the income that r shall ball lie be taxed 3 all business conducted for profit except insurance companies be taxed at a moderate dball uniform upon the net income of the busane rate at done within the state afi a insurance companies shall be taxed on their net premiums h b the present license tax on corporations pora po tiong shall lie be repealed when tile the corporation income tax beco becomes ines effective all other special taxes fur for state purposes shall be continued 4 all residents of this state having taxable ability shall p pay ay a direct personal income tax fit at moderate graduated rates 5 hie revenue which ti Is derived from the business tax and the personal income tax shall lie be dev devoted doted to the hie state stale district school fund and the levy tor for state district school anni purposes shall be reduced accord ln ly C G the present constitutional allt state board of equalization shall be abells i en ed and a state tax tas commission created a the state elate tax Comm shall assess all mines and public utilities aties b the state tax shall have power to equalize the valuations of any assessments within any county of the state and shall also have the power to equalize the valuations of 0 classes cl ases of property between betl Reen counties c on appeal of ten or more persons tile alie commission shall fiew awl and correct any tax levies for local purposes with a view to checking unnecessary expenditure on appeal ol of ten or more persons person the com commission shall review any local bond issue and shall bring all of the facts involved to the attention or of tile the taxpayers together with the recommendations of the commission d 1 the administration of all special at taxes for state purposes shall be centralized lu in the office of tile the state tax commission e the state tax commission shall have authority to prescribe a system of uniform accounts for all local ing units and shall have power to erf enforce orce the use of such unit uniform orin accounting fin system it shall also have power to enforce suitable regulations for the preparation of all local budgets and shall have authority to conduct regular independent audits of all local public accounts find and to take the necessary steps to safeguard public funds through the prosecution of all viola eions of proper accounting procedure 7 the legislature shell authorize a comprehensive study of expenditures governmental organization and business methods in connection with the lie operation of the proposed plan of tax ax revision in order to determine whether more economical econom cal method of handling the public business may be developed and for the purpose of seeming a proper balance between state and local revenues under the proposed plan of tax revision amendments TO constitution having made the foregoing recommendations ions the commission states that they cannot be made effective it at nil all points under the present constitution and that the first constructive step toward tax equalization in the state of utah must be the amendment of certain constitutional provisions relating latin to taxation the two fundamentals contained in tile proposed constitutional amendments deal with 1 the lie classification of intangible property for taxation purposes anil and 2 centra centralized lizel administration qt in addition to these two main points a provision is if made that nil all revenue derived from any income taxes which may be enacted shall be paid into the state district school fund there are some other minor points contained in these thebe proposals which oil appeared desirable to all the ron but which do not directly affect the main issue involved L experience alx ale ace in various states over a ions period of bears ears has demonstrated the impossibility of basing intangible 11 property in tb tha same manner a and nd at the sime same rates as tangible properly is ig taxed consequently tile the separation of tangible property from intangible property I 1 Is s a fundamental necessity leg of tile the ena enactment cament of tile the contemplated tax revision plan indeed not a single step toward intelligent tax tai reform can be taken until the rule ol of uniformity Is abolished the necessity for adequate central supervision of a state tax system ills has been shown again agnin and a again aln out the united states and those states 1111 which have tile the most success successful f ill systems invariably have a central centralized led authority with sufficient resources and power to supervise the entire tax BY system baem governor dern in his message ae L to 4 the special session states state Alt although boug taxes in ut butali ab are not higher than in deg neighboring bli oring states the burden of taxation Is at present unequally distributed |