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Show Gov . Vivian VivianProposes VivianProposes IIJroposes Proposes : New NewTaxes NewTaxes Taxc Taxes . , on RangelyNew Rangely New taxes on Rangely 011 oil 011field oilfield oilfield field pr pn ( perty loomed this week weekwith weekwith weekwith with byGovernor the announcement by Governor Vivian of Colorado Coloradoat at his press conferenceHis conferenceHis conference conferenceHis His statement on the laxation taxation taxationof laxationof of the oil field was distrIbuted distributedto to reporters reportersThe The Rangel Rangely field , located In Innorthwestern innorthwestern innorthwestern northwestern Coloradofrom Colorado from all allindicatIOns allindications allindications indicatIOns is going to be one oneot oneof oneof ot of the largest oil ffeids fields in the thecountry thecountry thecountry country country"In " "In In " addition to the normal normaltaxes taxes normaltaxes upon the producing equip equip- equipment equipment equipment - - ment and other property used normalI usedin I In connection wish wl wi i the operation operationof productionof of the fIel fIelL fIeland field < ! L , and the she Jhe produc production productionof on 01 of the oil , the the e leaseholds teaseh01ds and nd oU oil oUand oiland oiland and gas rights should be valued valuedand valuedand valuedand and assessed acsessed ; for taxation at an anadjusted anadjusted anadjusted adjusted valuation Under exist existing existing existing ing statutes the local assessors assessorswith assessorswith assessorswfth with the supervision of the state statetax statetax statetax tax commission can largely cor correct correct correct themselvesHowever rect this situation themselves However if it this is not done the thegeneral thegeneral thegeneral general assembly should enact enactappropriate enactappropriate enactappropriate appropriate legislation provid providvaluing tng ing providtng providing specifically for a method fori for forvaluing forivaluUlg valuing valuUlg for assessment such ' posits delposits leasehoders suchleasehoders and oil and gas del de deposits I 'Any Any ' Any such additional taxes taxeswould ' ) would be in the nature of pro pro- property property property - perty taxes and would not be a aburden aburden burden aburden nor an additional tax taxupon taxupon taxupon upon the general public or con consumers consumers consumers sumers but would and should be bepaid bepaid bepaid paid by the owners of all oil and andgas andgas andgas gas rights and the producers of ofthe ofthe ofthe the oil _ _ _ _ Assessment might well be be'made bemade bemade made on net production or gross grossproduction grossproduction grossproduction 'made made ' production less government and andstate andstate andstate state royalties ' |