Show State Tax Unit Readies Final Report Parley Set Thursday t tAt At Capitol To Assemble Data Climaxing nearly two years of ot toil and study the interim legisla legisla- legislative legislative legislative tive committee to study Utah's tax structure will meet Thursday at 7 p. p p m. m at the capitol to make its final report to be submitted to tho 1947 legislature The meelin announced by Dilworth Dil Dil- Dilworth worth Walker executive secretary soil ancl research consultant will be ba presided over by State Sen Stan Stan- Icy ley N. N Child CD D D. S. S L. L chairman Tentatively listed for discussion are arc 11 statutory recommendations many of which dovetail with the committees committee's already suggested con con- constitutional constitutional constitutional amendments which will willbe willbo willbe be bo voted upon in the November elections The points are Main l Points lo 1 1 Modification or repeal of Utah's inheritance tax law which the committee terms antiquated to provide for a reduction in ad ad- administration administration administration ministration cost and changes in aspects of the law to make resi resl residence residence dence in Utah more attractive 2 Modification of personal in In- income Income come and corporate franchise laws by simplifying method of paying and ancl making the law conform to the federal income tax law as near nearly nearly nearly ly as possible and to equalize the tax load on different businesses and industries 3 3 Stabilization of the property tax lax load limiting property taxes to support schools and local govern govern- government government government ment except in times of emergency when state property tax levies could be used changing the basis for fixing state tax levies will no longer be a variable factor Assessment Study 4 Equalization of the property tax load by redefining red ining basis of assessment used by state tax com com- commission commission commission mission and county and an accelerated program of equalization equalization equalization of assessments by the tax commission in cooperation with the tax study committee Also us us- using usIng ing a wide state-wide property tax levy for school equalization so 50 that all property will bear approximate approximately ly the same load for school tax pur purposes poses 5 Shifting cost of construction and maintenance of roads and streets to motor vehicle taxes and federal aid and shifting cost of I welfare to sales taxes and federal I aid by taking away by statute the right of local units to make tax levies for such purposes 6 A 50 reduction in the state Unemployment insurance tax which has built up a reserve fund of Mine Minn Tax 7 7 Modification of mine occupation occupation occupation tion tax to stabilize revenues by putting net proceeds on a three- three year moving average for assess assess- assessment assessment assessment ment purposes put and putting the state expenditures from the tax on a year five-year basis Also broad broad- broadening broadening broadening ening of the mine occupation tax to include oil natural gas and other valuable minerals 8 Allocation of a portion of ot the revenue from liquor sales to cities and counties to aid in law enforce enforce- enforcement ment 9 Recommendations to be made mada later on results of a study now under way on duplication of ef ef- efforts efforts ef- ef efforts I forts among various state depart depart- ments ment |