Salt Lake Telegram | 1916-06-11 | Page 41 | Trading Stamp Tax Revenue to State May be Increased

Trading Stamp Tax Revenue to State May Be Increased Believing that the present yearly income income from from the trading stamp tax estimated at 20 can can OO-can can be e doubled doubled legally by tho the ass assessment of taxes against the coupon companies companies companies com com- the offices of the secretary secre score tary tai of state and attorney general have begun begun an an Investigation Into the legality of assessing such taxes against these companies Correspond Correspondence Correspondence Corre Corre- spond with the companies af affected affected at- at indicates that they will fight any effort to tax them Although the tr trading st stamp mp law was passed ostensibly for the purpose purpose purpose pur pur- pose of shutting out the trading stamp companies it it being declared at tho the time of passage that the tax was prohibitive this prohibitive this has not not- been the result according to A A. A E. E Beveridge special agent of of the secretary of state in the enforcement enforcement enforcement enforce enforce- ment of the law To date To-date date the department has collected collected collected col col- nearly and the th checks i continue to come in according to Beveridge at the rate of than more than 1000 a month He Ile believes however however however how how- ever that hereafter estimating withdrawals and additions the average average will b revenue each year on trading stamp companies companies com com- Janies alone