Show REVENUE PLAN IS UNDER BIG FIRE r h I States Efforts to Increase Its Funds Was Feature of Last Work t tIt MANY COMPANIES IN FIGHT fj t Itt k kf f It h tt Case Which Judge Ritchie Has Jt Under Advisement Brought by Consolidation of Interests 11 U fJ Si Is I Alleged In That till lie f Hie Jf Public Com jinnies Lightly With Fish paying JIl liPs lili hi to H Ii H II Harriman In n tho hue Wi form of ot an attack of one Utah law lair 10 of ar artho the tho last legislatures making with fg Judge Lewis finding another unconstitutional neou t and amid with Judo Judge l holding still stilt another under tinder advise advisement ment meat pending a future decision as liS to f Its constitutionality the work of af this If legislature la is suddenly coming Into thai tho V i limelight In more macre than ono one quarter l Thy Thiu Th law under advisement donis with collecting a c a license from cor corporations corporations and anti the thc attack on It Is III ha re haIng lug Ing made with a II view of getting it 1 out of tho the way tray wa BO so that hunt a II more sweep swe p rr Ing lug and am Inclusive enl ann may be b drawn up iii at the next session Time The law originated In lit thin needs of the state stata for more money Many were snore devised to accomplish this result most of or them aimed at got get getting ting lag taxes front from the large corporations i 2 It was urns found for Instance during the tho session that the tho farmers ot of Salt Lake valley were ere vastly more InDIa valuable to the state as taxpayers than the big smelting plants despite their wealth that county assessors lund had mysteriously to got get time the front from big hIg mining plants located In Iii those counties coca ties To Jo collect this evil the lie state board of Equalization was authorized ta a levy certain kinds of corporations instead of the county assessors WAS BILU Harry Joseph for oi tIme the bouse fostered many measures to in increase Increase crease thai taxable assets of tho state slate antI and ns as many litany originated In tIme tho senate Secretary of ci State brought In La a ft law of hit his own making it IL was introduced by Representative Hone ot of Utah county It was this bill that finally became a law and that Is now being attacked as atu to Its Us constitutionality Two nyU Interesting questions arc tre raised I In Iii this tho attack Ono is what Is a fran and tind the other what Is n a II cense Tho suit curiously enough Is brought by a firm of cut lawyers ono one of whom was chairman of tho judiciary ry committee of the senate when lila Uio bill become a law and lie is now leading tile the attack on omi its constitutionality NOT BUT A TAX It in iii held on this side sido of time tho ease case that a license by court COUtt us IH Iii ta bu be granted as a requisite for tir giving curtain powers which other otherwise wise ivic would lapse or bo be rescinded They until hold that in thus this case of if corpor corporation license It Is not nuit really a li II license cense cease but a tax since It grants the power to do business nor hues the tho power to take away tills thil right The corporation tax Is a graded ono one with an Increasing Leo fee for valuation of mf corporations according to U tl tire e size of their capitol capital stock Their is a restrictive obtuse clause and this Is tho opponents of time tho measure call tIme the In the tho woodpile It that lint however big the thai valuation of thou the stock of corporations their fro fee stops when they luCy get to paying ZOO GO This lets off with a nominal tax the tha holders of p big franchises timid till nil public service WHAT G N SAYS Our laws clearly says Ceo Oeo CeoN N chaIrman of tho ho state stale Judiciary committee who Is lit In Interested Interested In imi tho tIto attack on time tho bill that thata a IL franchise Is ha property and time tha const ution declares that property must bo be taxed on tin an aim bawls basis Tills Tiuis i Jaw taxes n a real estate holding com cant f pany with a capitalization of tiC but really no powers except to levy t assessments on Its stock exactly hum mImic lame mitt 11 a u a public service corporation with a mm franchise allowing it to levy tribute on time tho people an amid l j collect its revenue tn this tray nay I strongly favor a movement to adopt lucre hero time the Kentucky law franchis franchisee ee Os since they lucy aro clearly property In lit t Kentucky there Is a state board ot of valuation haul tills this board Hilda out them market value snub of n ii corporation through taking this lie market valuation of ef its stock Titan Then this board takes taken time tho ns as valuation of nil all KB Its personal and taxable property and It thin valuation front from time the total value of its stock The sum is Hamad aa as the tha valuation of nit time tho trait frati chub ID is what glues gives the coma com valno It unity may have In to HH Its actual property hold holding ing i This Thin law I bold gIves nilen Ito D p M I In n Ii and amid put hutS time tax Lax burd n on onn onus n us bantu each roy pay Its share The Dlack Hook Copper Caliper Co In who name lie tho suIt milt In Is brought l Is only emily mused i In order to got get it ut cast eai With a epI or it tim tho company l I d MS ax ai a Lee fee and sUd seeks e eIt to It recover tIle the num Tho real foru behInd nd lie tho to test t In Is on tin of or IOU mInIng and 11 uru nrc In time Uio belief that thus the law ut tit utIn In is ton liberal altogether tn I this the ricHly big biff |