Show LEAGUE SEEKS TAX REVISION I Revision of 01 the state Income tax Ix law to provide graduated I tion f fees s and permitting deductions on general property tax payments I will 1 be he asked b by the Utah Tax Reform Re Re- I form league P. P E. E Will rd on Monroe Mon Mon- Man Man-I roe roc league president announced Tuesday The tax load would be distributed more equitably u under der the bill to be sponsored b by the l league aluc Mr Wil Judson said It would reach salaried persons in the lower brackets and effect adjustments adjust ments meats for Cor general property ers as well as produce revenue he pointed out Proposes Division The bill proposes to set 75 5 per cent of the revenue aside for district school funds with the remainder to togo togo togo go to the state slate gen general ral fund if the thel constitution will permit this procedure procedure dure he said A graduated registration t fee 1 is the principal feature of the measure It would be 1 per cent of the first to fourth 1000 of oC net income and 2 per percent percent percent cent on Incomes of ot or more The league proposes payment of the registration fee in conjunction with the Income tax with the provIsion provision provi provI- sion that the registration fee be deductible deductible de de- de- de from general property tax pJ payments ments up to 25 per cent of the property tax The filing fee feature and the offset off olI- set for tor tangible property taxes of ot the present income tax law would be re re- re- re pealed Mr explained Personal l exemptions would be lowered lowered low low- ered from 2000 to 1000 for tor married persons or single persons who are heads of ot tam families lies and a tax credit would be allowed for each dependent dent Cut to The exemptions for single persons who v are not heads of families w would uld be cut from 1000 to Married persons would pay registration registration regis regis- fees tees on incomes of oC 1000 and more while the fees would apply from incomes of and upward for Cor single persons A 3 per cent tax would be imposed on the first 1000 of or taxable net income income in in- come 4 per cent on the second 1000 5 per cent on the third 1000 and f 6 i per cent on the fourth 1000 and rn more ore Further details will witt be worked out and 2nd a chart illustrating the proposal l I will be prepared as s soon as s possible Mr said Taxpayers of ot 23 counties are arc represented represented rep rep- resented by the Utah Tax Reform I league legue he said |