Show n UTAH MINE TAX SYSTEM HIT RYAN lAU LAUNcHES tH DRIVE AGAI AGAINST SI PLAN Says Saya Utah Copper 1928 Income Exceeded Net Proceeds Reported DEMANDS CHANGE Wants Levies Made Only on Basis of Profits Senator George H. H Ryan of Eureka Eureka Eureka Eu Eu- reka began his uphill fight Wednesday Wednesday Wednesday Wednes Wednes- day to discontinue the present system r Y te tern tem of mine mine ta taxation tax rr atton and institute I Ite I tute system systems r i a t s 1 4 fF based upon in income in- in yg f 0 c f come from the l M property H HIs i s a ft- ft t resolution to this ef effect t has not yet yot b bee e e n reported p b back k from the S committee b but u i t t- t Ryan spoke in fa favOr favor favor fa- fa vor of his own Sen Geo Ryan Plan when whon he heo hethe o p p 0 a e d tho the proposition to guarantee to the mines that the m multiple of three would be bo retained for six years and then changed only upon a two- two thirds vote of the legislature Senator Ryan declared that the mine multiple E system stem has been the bone bono of contention In mine taxation matters for years ears and that the only way to settle the question will be to get away from that system stem en en- en Senator Ryan Kyan also charged that tho Utah Copper company was tho tint fI fly In the ointment and that the thc matter would never bo ho settled until there thereas was as some distinction mt made e be- be Continued on page pago 5 I 0 RYAN LAUNCHES DRIVE AGAINST I MULTIPLE PLAN Continued from froni page 1 1 i tween the taxing of or the thc Utah h Copper Copp Copper Cop Cop- CopI I p per r company compan an and the time deep ep mines Senator Ryan Han produced some bmp figures which ho obtained from Crom the time published annual reports of or tho the Utah Copper com company pan operations and moro figures which he ime got ol from froni time the state board of ot tion Tho Time figures written on the time senate nate blackboard b by S Senator Ryan Kyan I Indicated that tho ho net Income of tho time Utah Copper company compan for 1928 a as I shown hown b by Its reports to stockholders stock stock- holders was Time The net nt proc proceeds eds upon which the a assessed value alue of or the time for II that same Kame year lr t was wan s based bUld came came- cameto to only 14 H- H 1 5 a a. difference rence In favor o of or the Utah 11 tab Copper company of or moro more than 70 I To there lI figures Senator Burton W. W t Musser took sharp exception He lie declared that If U these figures were Correct he ime would go o with Senator Ryan all th the way but that th they y were t so liO o astounding that he did not believe c th they could be bc true Senator Musser further stated ei that thal It If these figures were ere correct eIther cither time the state board of oC equalization had perpetrated perpetrated per per- a a. mammoth fraud upon time the people of or the or the compan company com coni- pan pany hoodwinked time the board During time the course courso of or ht hl his talk Senator Ryan R declared that tho the Utah Ut Copper company t was waa uI paying taxes only to the extent t of or 57 per percent percent ler cent on Ito Ita Income while tIle the deep mines were paying about n out 10 per pei cent Tho Tha example which Senator n Ryan an u for the time dividend dl paying loOp deep mines mince v a as the Silver Kin Xin Coalition OPPOSES CONDITION Senator n Ryan n prefaced c his talk b by explaining that he was a t mining en engineer en en- Iud amid all of or his lif hf mad had followed fol tol- oh- oh ocd lowed mining oven even from childhood I I 1 not against the tho mining In In In- Senator Ry Ryan n declared d but I nm ant n against a a. condition which exists within the Industry Itself and andI andt I t think It Il Is Js time the dut duty of or pry every m man manor manor n nor or woman who holds a a. place in tile the tale state l legislature to do 10 everything e In his or her power POWE to r rectify these matters matter and to at some omo solution lolu- lolu tion of or the tho mine taxation problem During the tho courso of ot the debate upon m my main resolution I will show how that this u net proceeds multiple method of taxing mines not anI only Is 18 unfair unah and unscientific r hut but it docs sloes not protect tho little fellow Inthe in inthe the time game imp I r 1 will show hot that our present system Is k keeping capital out nut of tIm the state te rather than protecting the time Industry to tho tilo extent that n new capital will viii be attracted t We should abandon hI his modern riddle of or the th sphinx mine valuation lu and o to toa toa a 3 ta tax tar oti on Income POINTS OUT UT SUCCESS of ci mines has imas Taxing on Income been a to success In the British pos POS- sessions It can be made m a success here hert We 0 cin n give 1 the time mines mince the protection and the stability thc they demand lemand and at the same lam time lime we can make malo the taxes on mines comparable com coin parable with oth other r taxes nn and eliminate eliminate lIml nate tho time present Inequality which exists within the Industry itself Under the time present 5 system tm what have han we Hero Is a company with huge hU I profits paying less In proportion proportion tion than a a. com company pan having ln only I one t tenth one nth or less insa as 8 much profit profil That is contrary to tho fundamental I principles of or taxation In an any form of or taxation ba based ed directly or In Indirectly In- In directly upon income the tho more a company makes ml the time greater In hi tile the percentage which will bo ho paid laid In taxes In Utah tanh we find tind that the moro a a. company makes maltes thin the smaller smaller smal smal- ler percentage l-e l It pays as IS taxes Senator Musser lusser declared that the time tl figures urs ur's produced b by Senator Ryan Ban took In Income from front property outside out side the time state of Utah and that this accounted for th tho P OOOO difference differ differ- ence enee between the time net nt proceeds and tIme the net nt Income Senator Ryan Ran displayed displayed dis dis- dis I played his COP copy of the company re report report report re- re port for or 1928 1 8 and said that ho Imo could find nothing In that document to substantiate Senator Cr'S claims WANTS AMENDMENT Senator Ryan Han bc began an his talk b bj by amending the time Gardner lt version ot the limo l two thirds plan Ryan was willing that the tho rates on Intangibles bo be made matte permanent until changed tI tIby by a n. two thirds voto O of the legislature legis legle- lature lie He moved mo to strike the time portion from the time Gardner proposal propos which would keep keel the tho mine multiple at nt th three for six Ix years and then lien chan changed ed only upon a two-thirds two vote ot o. o Senator JI Herbert l' l rl B. B Maw aw of oC Salt Lake L county count opposing the two two- thirds plan entirely And the mine multiple part art of oC It in particular declared that in hI his hia estimation th time the senate will pave pa the way for tor the time death bath of or tax revision It If it puts put tIme the mine multiple rider on the tax plan lie declared that the mines should bo be t willing to take talo their case casc before tho people as an nn issue issup and on Its merits merIt rather than to put it on 01 as ns part frt of at S. S J. J r R. R 2 2 He lie defied the mining Interests to try tr to beat bent time the plan referring to tho the statement made by bv President Gardner Gu to the I S Senate nate Tuesday afternoon that the mines would beat tho the tax plan It If lh they y were denied d their protection Maw laW said he lie would rather take his chances without the mine tax rider Tho The afternoon f session was wal given I cn over o to two talks talk on Lincoln one by lr 1 Mrs Anna Annn T T. Piercey representative from Salt Lake county and th time the oth other r b by S S. S1 M. M en representative o from rota Sevier Se county count Carl A. A Badger T Salt lt Lake attorney attorney ney spoke poke to tho the senate Bellato on The Civil II war president Governor Go George II 11 Dern was a gu guest st st. durin during the senate add address rca s. Representative It Redd of ot San Juan county countr brou brought ht in ln a newS new angle la to tomIne tomine mine ta taxation when he announced he would propose another amendment amend amend- ment dealing alln with this subject His proposed propose amendment would assess all aU mines or mining claims at full value tho the assessment to be made by tho the state tax tare commission com corn ml mission lon as s provided by law The Thele resolution le would provide pro for tor the tho taxing of all nil other othel mining claims including valuable mineral minerai deposits in tho ho way war of oC coal improvements and machinery by tho tax commission commis aba sion at nt full lull value alue OFFSET BATTLE FADES Following tho exhortation o or of orI I PI President Hamilton Gardner to speed up time tile work or of tax re I revision th senate tackled th time the problem will t renewed vigor 1101 TUf Tuesday afternoon Mine dine taxation took up the thc entire aft afternoon moon Tim Th problem of or or offsets t which was as scheduled to play pia a a. hI big h role Iole during tho the afternoon was taken taken tak- tak en off the slate entirely I h when 1 Knox P Patterson olt sponsor for or time the fullest t type pe oC or offset withdrew his motion to reopen the tue question que Unless brought up tip again time the matter will wil rest about aboul as follows foJ Tho The legis- legis f shall provide plO for or offsets ex exemptions ex- ex and amid reductions Deter Determining l'- l' mining of ot mounts amounts already is In the time 1 legislature Tho matter of ot mine taxes is hein being fought out nul aon along two lines Senator Sena tor toe Ryan onn Introduced his resolution to devise devise- a new system S of oC mine taxation Pr President Gardner Gar after arter conferring with Senators Patterson Musser and amid others brought forth orth a n I variation of or tho tim two thirds plan Under this system time the rato an nail ancl basis fo for tax taxing n intangibles one once fixed cannot be changed except b ba by bya a a. two thirds s sote vote ote of or the thc legislature The Time mine maine multiple cannot caimol b he be changed except by a two thIrds vote ote and not even cn so 50 until si six years yeal's ha have e elapsed clapped la pc PIr President Gardner speaking from fron rom the he floor explained that general property Is protected b by the con conch conch- ution and cannot be taxed above o I he the im e p pre present resen ent t constitutional to t loan I I limits im I to except b by chan changing the con Utu lon tion Time The Ryan plan Is to tax metal nines mines on their income The tax will wll be graduated and will 11 not ex exceed ex cx- cecil 15 per cent Iron mines arc are I excluded from his lila classification and aro taxed tho same a 1 ad coat coal mines Gas las oil and oil shale would be taxed parallel with mines With these two plans be before foro it H. the ho s enato began benn debate on mine maine taxa taxation tb n. n Tho house house- committee on revenue rc and antI taxation Tuesday turned to the Ole school ol fund funtI amendments proposed b by Representative e W. W tV I D. D Hammond ot of Moab doab These e r resolutions were verc reported out that the tue house hOll might have ha something to consider The hou house spent the tho afternoon discussing tho school amendments amendment Tim Tho only action nellon taken wa was to combine com cons bin bine the two p proposals into one Th These a proposals are aimed to pu put the time state district school fund on a 12 per capita ba basis ls instead of or 25 26 5 3 as now no and to let time the legislature allocate a the th rest of oC tho time school fund fundas I as i it sees l' l fit |