Salt Lake Herald-Republican | 1916-10-10 | Page 14 | Proposed Tax is Protested

PROPOSED TAX TAXIS TAXIS IS PROTESTED 11 Association Condemns L Levy Luy v on Net IVet Mine Jl ile Earnings Resolutions condemning the proposed amendment to tho the state constitution In Increasing Increasing increasing In- In creasing tho the taxation of ot net earnings earning of ot mining properties gypsum deposits and marble quarries and poter pottery manufactures throughout Utah were pa passed sed b by tho time board of oC directors directors dl di- di rectors of ot the tho manufacturers manufacturers' manufacturer association tion ton at the weekly meeting luncheon held at the tho Commercial club yesterday ester yester- da day following a report from tIme the le leg leg- of tho the association declaring mat the tho proposed measure will wll have ha e the effect of ot throttling sev- sev eral Utah industries Following Is Ie an extract from the le legislative leg leg- Islat e committees committee's report which willbe will wll wil wilbe be printed In the next issue of ot the tho associations association's us as- as monthly magazine The Pay PayRoll PayRoll Roll Builder It I Is well known that among tho the many resources of ot tho the state are certain certain tam tain mineral earths earthe such as lime cement shale brick pottery potter and fireclays silica gypsum pumice granite onyx marble slate and nearly a hundred other kinds of ot deposits Practically all nl of or these deposits can be made mado valuable only by the time utilization In manufacturing In ing processes and through Investment Invest Invest- mont ment In machinery kiln and millIng milling mill mill- ml- ml In Ing equipment In no state as far as we wc have o ha been ablo able to learn is a mines tax Imposed upon pon such properties ex except cx- cx on a basis of ot the tho price paid to the tho so government One of the thc big needs neets of this state Is capital to de develop develop de- de elop these basic resources and we believe that the state should place no obstacle In the way of ot the nee needed ed capital hem being attracted to the class of properties named It ItIs ItIs I Is our opinion that If Ir tho the proposed amendment carries such an nn obstacle ob ob- ob- ob dade stacle will wil unquestionably IY be bo placed pled In the way of ot capital and consequently the development of ot retarded tho the resources of ot the tho state will wil bo be