Show new law hilll will i cause trouble of all th unjust laws passed by utah legislatures in years past we believe that section 1 of chapter of the laft am a of 1907 is the limit this law imposes a tax or annual license upon corporations the amount of tax being based upon the amount for which the company is incorporated the worst feature of the law is that it makes a small mining company operating a prospect without a pound of ore in sight pay pay a tax that is as high as the tax levied against some of the biggest mining and smelting companies in the state the corn com pany may not have sufficient money in the treasury to operate its property but according to the laef pau 4 be paid aid jast the same this tax ranges from 0 o 00 per year for cor po rations with a capital stock of 10 or under to 50 per year for corporations having a capital stock of or over the corpor aaion in the state having capital stick stock representing millions can only be taxed 0 o per year ear if there is a difference in the tax upon 10 and 20 corporations why sho lid ild there not be a difference between and 1000 1 corporations when a mining company is organized the must pay pa a tax into the state treasury if buildings are erected and machinery installed county taxes must be paid atin annually willy 4 if the property produces ore the then there is a tax upon the net p proceeds proceed 1 4 q id now the s state te is trying to colle collect t T ulAr nr it orize z e d J I 1 ta stock which in most instances is of nu certain value we believe that the law is t tut ional and that it should be wiped e d from the statute books of the state |