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Show Tax crisis resolved The compromise legislation enacted this year to resolve the property tax crisis created by the Utah State Supreme Court decision in the AMAX case was probably the most significant tax measure of the 1991 legislation, according to the Utah Foundation. Last July, the State Supreme Court ruled that property taxing procedures cannot arbitrarily discriminate against one class of property simply because it is assessed by the state rather than by the county. As a result of this decision, virtually vir-tually all state-assessed property owners protested their property tax assessments, explained the foundation. founda-tion. According to the foundation, if the compromise legislation had not been approved, Utah's property tax system would have been in a state of chaos for years to come. Foundation analysts point out that while there will be some property prop-erty tax shifts under the compromise com-promise legislation, the changes will be considerably less drastic than would have been the case under the AMAX decision. |