Salt Lake Telegram | 1935-01-05 | Page 10 | Real Tax Levy Cut Predicted

REAL TAX LEVY CUT PREDICTED Tax ax Commission Report Reports Sales Tax Yield for December Reduction of or the state stale proper levy for 1035 by at least a mill wa forecast ast at the capitol capital Saturday the ic state tax commission December collections under the 2 pc pe cent sales tax aggregating If It the average is 13 maintained to fo the ic remaining six months of ot th tb fiscal seal year ending June 30 abot abut would b be available for lor rl n of ot the property tax levy fethe fc to the le states state's district school fund lund ai al 1 said This would be th equivalent of oC a mill Under the sales tax law all pr coeds up to go to the stat slat relief elief fund All AU returns over th thi mount amount arc are used for lor reduction c che the he property tax for the distri school chool fund lund December returns are arc computed o 0 ohe othe the he basis of ot November sales Jal Jai uary ary- coll collections levied le on Christmas trade since the began egan are expected to top the Ili D I ember comber total by at least During the first six months of at th 11 current fiscal year the sales t ta to yielded almost double th 5 collected ed during the compa able ble period of or the fiscal year 3 1933 I If increase in returns continues othe o 0 ohe the he same ratio it is estimated th thi to will be anal aval able for tor reduction of ot the levy c o I property Tax commissioners estimate that return of would make po pc sable sible a reduction of or a mill and anda ahil hal ha while would warrant a r luction of at two mills