Show YES orNO Oem Dern ern Urges Urge Yes Vote on Tax Amendments J Justice tic and Equity Burden Lift Pr Property perty i 1 l t. t U tri d Plan rBy By GEORGE H. H DERN DERN Governor Governo of of- Utah I L m in n f favor vo of ot the plan pan pan of tax vision ision and nd the adoption by theople the ople pl of Utah of the proposed sed cd nee nee- sary to to crry carry it itI t ary rr to effect bemie be be- Z- Z k I I mie LUIO se I believe ell it it- it m J be improve improve- fi ge e an I n ent t upon our 1 clint made n a d e- e tt lat te system te My y re re reasons a as S on s. s f Ie fly are arc r. r f The plan is the h l suit lt it of of- c careful d a cons conscientious dudy udy ot of ot jho tho tax lIIL 18 w r an ded by jr a 1 s c at corn com om or over an an- I i Gov t tended period of or Dern- Dern a and id d criticism In witchery witch h ery angle an le wag wa surveyed and cross l- l lu u discussed in Ina a. a special sea ses- j. j v. v f of t th tho legislature vh re whose se final decision was wasl almost n. a a which fact is nt tt as to tim tho wisdom Justice n Justice tho plan n proposed The plan plau V proposed Js is not the lie re- re Hof ot hasty or Ill III advised ad action Il it ono one of ot mature and deliberate late dy d' d corroborated orro olat d by similar 51 plans t id recommendations of tax corn com In other states elates working nc but in independently ot of O commission at and d legislature turc It t is ia not not an untried plan PIan E Every er f feature of it is s in success success- I I I. operation jn ln-ame ln in some ome of f the thc t various ate tea te teof of the Union Uno Us It essential fe features turea are based Jon ion justice fai fairness ri a and anI d equity quit Under our pr present system which iri mandatory under our present con con- it arc we are i- i assessing and cot col- W i 2 PC per pe cent of af our prop prop- rop ty y t tax tax flow n now w more r tha titan than fop state county schools id i'd f mu municipal t g from government vertime fro nt-fro from m a aIx iV Ix upon tangible property sUch sich ch as i homes livestock etc and nd 4 per per sr c from intangible prop prop prop- jy Ty-in Ty I Jn f bank shares and t. t This This lH due t to tho- tho tho- tho fact tact nit our constitution O at present ex- ex from fron t taxation a o t o b bulk lk t pr property Bu such h as ock bond I d R and ad d' d securities u-r u U 8 tor for mch h l' l or p personal property Is Isi i t gc ons w the hc result t of opt operatIons the Jerto v c Continued J don on page 51 GOVERNOR OPENS TA TA SERIES WITH i REVISION p p. PLEA L E E. A At Aa a t j Continued from irom page pace 1 uniform rule of ot t tho o constitution a a arule rule Joule rule utterly unworkable in any state of tho the Union What is i. now proposed is is to abolish abol abo ish ih the uniform rulo rule repeal all con con- al exemptions upon intangible ble prope property ty and delegate delegato to the legislature discretionary power to classify and d tax intangible property at t rates comparable to those which obtain in other ther states states' which classify and tax intangibles These rates while necessarily low low- will bring a measure measure of relief from the load now borne by tangible property proper y and will clear the tho way for other forms of taxation based upon income o There can n be le little JUtie doubt that tho the i intangible intangible property In our state i yields annually a a. largo large income to its kits owners and it seems to mo me to tobe tobo tobo bo be only onh fair and Just for or the people of or Utah to end a system which has given Riven exemption from taxation to intangible wealth health for moro more than twenty years and hereafter to re require re- re quire quiro it to bear a fair air shore of the tho burden now borne almost entirely by tangible property property-a a burden now and prospectively increased because of of f the tho depressed conditions of ot our winning mining industry and tho the handicap of ot adverse economic conditions |