Salt Lake Telegram | 1934-01-25 | Page 1 | Utah Returns on Sales Tax Hit High Mark

UTAH RETURNS ON SALES TAX HIT HIGH MARK Will C Considerably Exceed 1 OO Estimate Figures Figur s Sh Show w MAY RUN TO 2 2 MILLION J January nuary Collections Total S So Far Returns from Utah's sales tax adopted adopt adopt- ed for relief relict of the needy will exceed considerably the annual yield estimated shortly shortly- after the levy became effective June 1 Jt lt appeared Thursday The state tax c commission reported that hat January remittances es to date dat have passed the mark and that probably will be returned by bythe the he end of the month The largest previous mont monthly ly return was in December The av January was per month including the three fourths of 1 L per cent rate effective from June 1 to August 4 4 Total collections are arc and the he January tet return will boost the figare fig figure ure are to more than leaving five ive months of the fiscal year ear in which to obtain At the current rate collections will have exceeded on July 1 I it t was pointed out and the total may be nearer S SA A decrease in collections is expected expect expect- ed in February and March January and February being regarded as slower slow r c-r er business months but April May and June should bring increasing payments pay pay payments ments to tax commissioners rs said State officials welcomed indications of a return larger than anticipated d pointing out that the receipts are for dual lual purposes of unemployment relief in in Utah Utah providing providing direct aid for or the destitute and amortizing public works undertakings in n Utah Eighty five per percent cent of the r returns turns go to the form former r and the remainder to the l latter under under amder un am der a ruling of the governors governor's advisory advisory advisory advis advis- ory c committee on relief