OCR Text |
Show Tax Token Will Be Discontinued Soon The state tax commission has approved a regulation abolishing use of tax tokens and setting up a definite bracket system of collecting col-lecting Utah's 2 sales tax. The new regulation will require retailers to collect lc tax on all purchases between 20c and 69c and 2c on purchases between 70c and $1.19. An additional lc will will be collected for every 50c or fraction in addition. With the effective date of the regulation, tax tokens may no longer be used to pay sales tax. They will be redeemed at their face value by the tax commission for a reasonable length of time after the regulation goes into effect. While a lc tax on 20c purchases pur-chases amounts to more than the 2 rate, we are convinced that the taxpayer will not suffer . in the long run. The 20c purchases he makes will be balanced out by his 19c tax free purchases and by other totals where the tax under the bracket system is below the 20 rate. |