OCR Text |
Show Income Tax Notice The attention of Utah citizens is directed to the change in the first Revenue act of 1940, which provides, among other things, that effective with returns for the calendar year 1940, the personal exemption for income tax purposes purp-oses in the case of single persons shall be S800 instead of S1.000 as heretofore, and in the case of married persons, living together. S2.000 instead of $2,500 as heretofore. here-tofore. The Act further provides that the gross and not the net income shall be the determining factor with respect to the liability for the filling of income tax returns. |