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Show UTAH P 8 . & L CO PAI PAl.S PAlS . S SCOUNTY I ICOUNTY COUNTY $3436 3436 $ T-n.ES Tn.ES T n.ES nES T Ti - i . ES ESInto I Into the Grand ounty treasury I ) the Utah PO'ler POler Poser ' 6c & Light Comtany Company ComtanyWednesd CompanyWednesday Wednesd Wednesday y pald paid $3436 3436 $ in property propertytax tax payments to deflav defiav the propertyI COStS COStSof costsof I ) of government and aid m in reduc ng ngthe ngthe the burden on other Grand count counts I ) t'lxpa tlxpa t ' expa3 ers ens ersThe ensThe The ta tax > . pa payments ments ments111 \\111 111 will \ \ be prOiat prOiatcd proiated cd ed among munlcipallties municipalities and school schooldistricts schooldistricts districts to help p'lY plY pay ' the costs of ofcIty ofcity cIty and county go\ernments go ernments governments \ and andthe andthe the advancement of educatIOn It1 to tothe It1the the state stateG stateG G L Ellel Ellerbeck beck divIsion managel manager managelexplained managerexplained explained the November tax tar pay payment paymeet ment meet on plOperty property only In Utah IS ISabout isabout about one half of the company s sannual sannual annual tax bill which In 1939 is isCtlmated isestimated Ctlmated estimated ! , at mOle mote th'ln thln than ' $2 2 $2000000 2000000 $2000000The $ 000 000 000The The lalger larger amount includes federal federalIncome federalincome Income federal thrce three per cent centenergy centenergy energy federal social security ta taxes taxesstate .es es ' > . .esstte st\te st te state ' \ Income and mIscellaneous miscellaneoustaxes . taxes and paments palments } to other states statesI statesand statesand and subdiVIsions m in which the thecompany thecompany I company orerates oferates oreratesThe oferatesThe The co conpanys TJpany.s TJpanys . total taxes m in 1939 1939it 1939it it was \ \ as explained will \ \ 111 take ap approximately approximately proximately 17 cents out of every ever , dollar of the company companys s gro gross grossrevenue revenue and exceed the dividends dividendspaid dividendspaid paid to preferred stockholders the theonly theonly only dividends paid by the cern corn cernpan cornpans pan pans } by more than one million milliondollal milliondollais dollal dollais s sIn I sI dollaisIn paymentMr In commenting on the payment Mr Ellerbeck said It L Is not our ourintention ourintention intention nor has It been our ourcustom ourcustom custom to complain of the burden burdenof burdenof of taJo.ation taJoation taxation . It h Is tre the duty of every everycompany everycompany company and Individual to .on on con contribute ( . .ontribute tribute payto according to abilIty to pay to meet the costs of go\emment go emment government \ goemmentMany governmentMany Many of the functions of our ourpUblic ourpublic pUblic bodies are urgently necessary necessaryto to meet the public and social obll obli obllgatlons obligattons gatlons gattons of the Umes times but some somewhere somewhere where ill in the not remote future futurethere futurethere there Is 0 a . limit as to the tax burd burden burden en business can bear and stili still con continue continue tinue to furnish the type of ser- ser service service - - publie pubtic vice anct and at the low rates the pub lie tic demand demands & . |
