Show WHAT THE DID OH m REVISION the following article from sundays salt lake tribune gives a brief discussion of what the recent legislature accomplished in the way of tax revision because it carries the four cardinal principles of the utah tax revision commission soon to pass out of existence the work of the special session of the legislature may be said to be in accord with that plan the classification of property for taxation purposes the business tax the personal income tax and the centralized tax administration will all be possible the legislators believe if the constitutional amendments proposed are adopted by the people even the recommendation that the revenue to be derived from the new sources of taxation be devoted to the state district school fund Is in part adopted by the legislature I 1 the legislature has left its earmarks on the plan the committee recommended that all tangible property be taxed at uniform rates the legislators thought that transient livestock or livestock on feed should be handled as a separate class it added somewhat to the exemptions which in effect creates additional classes of tangible property the proposed constitution ution may even be construed to exempt from taxation intangible property held by disabled veterans up to the legislature made offsets deductions and exemptions optional with the legislature that was in effect the commission had suggested the language inserted is largely a monument of a legislative battlefield some wanted offsets made compulsory they failed the commission would have had the constitution read so that no limitations might be placed on the income tax rates or the rate of the alternative tax on intangibles the legislature adopted limitation until january 1 1937 after that the sky Is the limit here Is another battlefield memorial although this one has some meaning for about five years in all probability no income tax will become effective until after january the legislature left the constitutional provision as to the state tax commission about as the commission had designed it save for one provision that the legislature specifically provided that the new state tax commission shall assess mines and public utilities there Is some debate as to the effect of that insertion it probably means in any event that ty public utilities such as the bang bam garfield railroad some power companies some few other concerns will if the amendment is adopted adoo ted be assessed by the fhate instead 0 by the county assessor the state can perhaps delegate the work if it cares to to the assessor this mines proposal placing the assessment of mines in the hands of the legislature after january I 1 1935 Is another earmark of legislative activity the commission so far as its report shows preferred to leave the mines section in the as it Is the proposed constitutional amendment with regard to creation of a 5 school equalization fund also was not subject to specific recommendation by the commission that amendment had been proposed by the same legislature in regular session the legislature preferred to amend it somewhat i improving the wording so it was said the legislature in special session 1 proposed two other constitutional amendments neither cf which has any direct bearing on the tax situation and so mr voter its up to you I 1 j |