Show CANDLAND URGES SENATES SENATE'S ACTION ON T TAX AX QUESTION Continued from page pase 1 removed remo and the tho matter thrown into the hands of the legislature legislature legis- legis lature to handle from session to ses lIon sion as It deems proper It would give the legislature power to class classi- classify if i- i I f fy all property for purposes of taxation taxation tax tax- and to change chango such callons at any subsequent session The inevitable Ine result of conferring such unrestricted power t on the legislature would be to lose all semblance sem- sem blance bianco of stability and permanence in fn our taxation s system stem Students ot of taxation agree that stability Is Isono isono ono othe ot the most important assets of any taxation plan It If all classification classification classi- classi were performed by the legislature every ery sessIon would be lL a turmoil Each particular lar class ot of property would undoubtedly un- un bring all ft its influence to bear on the to lower its own classification rate and increase that ot of others The resulting confusion contusion con con- fusion and chaos would do untold d damage mase to the tho state its property interests and its prosperity Such Is the result which Is said to have followed In Montana under the pro pro-I proposed pro pro- posed system Front From informal expressions made by senators the Jorgensen resolution resolution tion in fn its present resent form may not p pass ss the tho senate It Is not certaIn that the people of the state would adopt Jt it at a general s election bec because be- be c cause use it has has' already failed three times before The he other alternative is to amend the Jorgensen resolution I understand an amendment will be proposed to permit a simple sim classification classi- classi of property into tangibles and Intangibles ThIs could be done b by addIng a simple proviso at the end of section 3 of article 13 of the constitution leavIng taxation on tangible tan tan- gible property as it now stands and authorizing the legislature to classify classi- classi t fy for taxation purposes mone moneys s credits stocks bonds and other In- In tangible property It could also be provided that certain Intangibles such su-ch as savings accounts could be exempted by the legislature It would also bo possible to provide that the Income from intangibles mIght be taxed instead of assessing them directly for taxation Tho principal criticism of Utah's taxation system has been that a a. great amount of property consisting consIst consIst- Ing of intangibles has never been i assessed and has therefore not borne its fair air share of oC the tax bur bur- den Tile The proposed amendment would subject thIs Property to taxation Undoubtedly it would add substantially substantially to revenues tile of the state and would result in fn a a. more equitable equit- equit able ablo distribution of the tho tax burden This plan would bo a a. decIded anI and substantial step forward It would go D a a. long IonS wa way towards pacifying pact pact- yin the n agitation and criticism i which have havo been prevalent Moreover More More- over it would be typical ot of tile the way Utah has heretofore handled its public problems It Is careful and cautious and would leave leae in the tax tae system the stability which is so much desired Outside capital to develop the tremendous resources ot of this state would not be deterred from comIng in In because it would know kno what could be expected from taxation In Utah In short It would result In n fostering our future economic eco eco- economic development Instead of placIng placing Ing an obstacle in the way Admitting that a mere defeat deleat of the Jorgensen resolution would be unfortunate and that to adopt it in its present form would be disastrous disastrous trous the tho middle compromise course suggested in the classification tion ot of tangibles and Intangibles mo may tend to equalize the tax bUlden burden bur bur- den add to the revenues of the state and be a a. step toward solving the problem i Bills passed by the senate Wednesday on third reading included in- in eluded S. S B. B Hollingsworth ing secretary of state to furnish brand hond of as collector of motor motor mo- mo tor vehIcle regIstration lees fees and gasoline sales tax S. S B B. B Permitting Irvine fee re ot of 23 for tor Wing filing applications for certificates of convenience and necessity S. S B B. B Relating Irvine to securing securing se- se curing of oC permits by automobile companies arii s operating for hir tare S S. S B. B Maw Amending existing existing exist exist- ing law law- lawso so that students of pharmacy pharmacy phar- phar macy do not have to attend school of pharmacy S. S B B. 98 98 Extend Hollingsworth-Exten f. f Ing firemen's pension benefits to include include in- in clude wIdows and children of deceased de- de ceased firemen Senator George H. H n Ryan nn introduced intro intro- a a. substitute measure for his tax revisIon commission bill the revised re- re one providing for a a. commission commis- commis sion of three members instead of twelve |