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Show ; NEW TAX SOURCES MAPPEOBY LEAGUE Utah haa potential tax rsvenuei nearly three times as large as tbi tsx loss which would result from i $2000 homestead exemption, Hsrbsrl E. Bmlth, Olden, chairman of thi Utah Tax Reform league legislatlvi committee, reported to his group in the Newhouse hotel Tuesday. Mr. Smith, a msmbsr of ths state committse of. nine, listed ths tai losses from ths sxsmptlon plan al $1,738,000, but suggested revenues U make up this loss with taxes havlni a potential yield of I,8,000. Tv. M.ln ...fh r.turn. h. eng. tested changes and Increases In current cur-rent taxes which would boost annual an-nual ravsnus from automoblls registration regis-tration fees to $1,000,000, Instead ol the pressnt $717,000; boost llquoi profits to $750,000, as against $500.-000 $500.-000 at prsssnt; raise sxesss salss tai revenue to $1,600,000 from tha current cur-rent 1500,000 excess through a use tax. and obtain $710,000 Instead ol $030,000 by a shift In the mine tax. Among new taxes suggsstsd wsn a tobacco tax to yield $174,000, a bank tax to raise $150,000, a utilities tax to raise $500,000 and a merchandise merchan-dise tax on tha basis of one-twelfth of gross sales which would provide $5,000. |