Show California Solon Urges Legislation For State Taxing of National Banks I lay Bv Associated Press WASHINGTON April 2 2 tion ion to permit a state to tax national banks janks on the same basis ns as other bust busi- n nc ness s and financial institutions was urged before a senate committee today to day b by California state officials and opposed b by a representative of oC the California flankers Bankers ers ers' association State Slate Senator H. H C. C Nelson told the lie banking committee that since a 1928 supreme court decision forcing California California Cali Call fornia to abandon its share tax on national banks in favor of or n a franchise tax tac ax revenue receipts from banks binks had fallen Callen of off seven He asserted hanl banks s in the state stale arc are Setting getting a preferential over other oilier business and financial institutions Nelson on said the franchise ta tax lax could not be raised because to do rio so it would be necessary to lo increase the rate on business corporations which are arc now being taxed all they can stand Opposition to lo the su suggested legislation legislation legisla legisla- tion ion was voiced b by Edward Elliott I chairman of ot the committee on legislation legisla tion and taxation of the California Bankers' Bankers association and md vice vicc I- I dent of oC the First National bank of oC LosAn Los An Angeles eles I He Hc said there is no inequality of or taxation in California between the banks and other institutions Nelson he said had omitted to point out that j corporations receive a credit on 00 their excise and franchise tax uri to 7 75 per cent cont for Cor the personal prop property taxes t th p pay and that the legislature can m ke this per cent it it desires t 1 |