Salt Lake Telegram | 1915-03-14 | Page 13 | Several Changes Made in Tax Statutes

SEVERA CHANGES MADE IN TAX STATUTES Principal Work Wark of Lower LowerHouse LowerHouse LowerHouse House Was Wa Reconstruction Reconstruction tion of Tax System Wide changes In the tho tax laws of Utah form tho the principal O of or the tho lower Jower house during the 1916 1915 8 SeSsion session ses SeS- S- S sion slon of the Utah UL legislature The rev rave nue nuo and tax changes are arc embraced In several bills Introduced In the lower lowerhouse lowerhouse lowerhouse house through tho the committee on revee- revee nue and taxation These bills hills are now In the hands IR of Governor VIlIl William m Spry and If It approved ed will go Into effect Januar January Jan Jan- uary 1 I 1916 By the changes provided pro In the tax laws all property In the tho state Is to be assessed at nt Its Ita actual value and the maximum levy for tor or all purposes cs limited to eight eight- and one half mills The changes are ara designed to make a more equitable division of or the tho taxes of or the state mate so o that the burden of ot taxation will not fall rall on the tho small pro property r own own- er Cr The Tho general taxation m measure I Is em cm embraced embraced braced In house bill No Xo 1 H. H and fixes the maximum amount of ot the tax lev levy lc In city count county and state Likewise the tax which cali can be bo levied for tor school purposes Is held to a a. maximum limit SUI Supporters porters of or the revision of ot the tho tax laws hold that the tho new laws laws' will give elvo the state a n better reputation with tho the prospective Investors Thc They recite that the tho first question asked b by an Investor Is concerning the tax lev levy In the past th the tho tax X has haa been levied on onan onan onan an amount considerably under the actual actual ac ao- valuation As S a result the tax le levy has ht seemed high In comparison to state lev levying le Ing on tho the actual valuation For this reason It itis IH argued Investors have havo been frightened d awn aWl away from Utah with the tho Impression that high taxes prevailed while white in reality the tho difference difference difference differ differ- ence In tho the taxes was overcome b by the Ole The he changes in the tax laws Jaws are aro the tho result of or an nn n agitation which has been abroad in tn inthe the state tc for tor several years cari In some sections of ot the state it was made mado an I Issue SU during the last cam cam- Likewise Governor William Spry pointed out the necessity for changes 8 In the tax laws ws In his message mes- mes sage SAe to the 1915 legislature Besides lle ldes the general tax bill there are arc area arca a number ned designed to define the duties of or the tho state te and county count oC officers cers In the collection and levying of or taxes One of or these fixes the third September Septem Septem- ber her as tho the time when taxes b become due Another makes tl taxes tes delinquent on tho the Saturday prior to the first Monday Monday Mon Ion da day in December Constitutional were also proposed by tho the legislature to mako the constitution conform to the Hie change chano One of or these provides pro for the assessment assessment assess assess- ment of ot mining companies at not to ex exceed exceed ex- ex three e times their net ner proceeds At Atthe Atthe the tho present nt time mining mInim companies are assessed on the tho net This must b 1 ratified by popular vote In the tallor fall tall of or 1916 and If Ir approved takes effect January 1 i 1917