Show TJIE SALT LAKE THiHUNK FJl IDAY MOUSING JANUARY 1G 1931 7 TAX COMMISSION DRAFTS PERSONAL INCOME LEVIES HOUSE SENATE T SETS The Day in Calendar ACT FOR UTAH RATES IV THE SENATE TAX HEARINGS committee Chairmen Agree on Program in Dealing W ith Revision or Fourth Day JOINT B1IU Fontos — If B pension ---- Legislature Introduced Atnondlnv net conveylnf SB munfflpal volf links to Otfden Referred to committee on revision nod enrronstnv 8 B J Shields — Placing coat of cnrtnv for nrvlecied dependent children on cities of the f ir end second clnsstb Reusion and envroe&iiv 1 Action on BtUn ruMer— Appropriation I 0000 for of levlklature Passed under susof rules and returned to house I among the "revisionists” except 8enator Musser who has Initiated In the courts an action to have the amendments declared unconstttu- I1' Ogden the Utah state senate11001 4nd vold- - Senators Candland thoned of action Thurdov ln l!in1 McCarthy were members of the legislative advisory committee to the n ox me fact that the lengthiest tax revision comml&Mon of 929 and rifbate of t lie afternoon involving alienator Ryan was chairman of that ol Me votes and considerable committee oratory was over the question of Twelve Chairmanships for whether the secretary should or r EARNINGS ON has not been filed or Information has by either 'information at the source as to the event may not be less titan $2 of employes or others rents jtentlonal lallure doubles the tax not been furnished is made prlma 3 $400 for each person other than salaries wages premiums annuities Moreover any Individual corpora- facie evidence to that effect and emoluhusband or wife dependent upon and compensation remunerations tion or partnership who fads to comIs legally made an act receiving his chief support from tile ments or other fixed or determinable ply with the provisions of the law the failure taxpayer If such dependent person annual or periodical gains profits either as to paying taxes or furnish- committed In part at the office of is under 18 years of age or is in and Incomes amounting to $1000 or ing Information Is liable to a fine the commission — which means for because men- - 0'1'1’’ Paid or payable during any year of not more than $500 if the failure capable of that regardless of the resito any taxpayer” must be reported Is without fraudulent Intent and If example tally or physically defective under oath to the tax commission there Is fraudulent intent established dence of the accused action against h'deterinimiri hi1 !tllou 23 begins the problem of the penalty Is $1000 while if convict-- 1 hm‘ could be brought by the commis-e- d itilib SPCtlon frilUll the state In the ministration but In this matter e In the court the is an'Sl?n inMlVuune status of the taxpayer on the tails court In 6slt Lake arc left largely to the tax com- - additional tine up to penalty and a Third district $1000 last day of his taxable year -aon- It has the duty of a dm in Is- - possible Jail sentence of not more Section 31 permits the retention for 4 In the case of an Individual w ho !" 0 ‘h ‘j'A B?djthan a year The tax commission a time by the state treasurer of und dies durtne t h Mt a x n t he ex- - U’rllledlvlde of the amount collected in any !‘he state Into districts 'however may under certain clrcum- emotions allowed by 'this' la be dldtdAatances suspend the accruing of pen-t- one year for the payment of refunds shah be determined bv his statu ati£l‘l n?c?l!nty ahed 11 and may compromise addltion- - required by the act Of tlie remaintime of ‘shalland In such bra!'c!V ?£f?e ln section 24 the com- - allies der 75 per cent in accordance with taxes n be allowed nisi°nrr js case full empowered to employ Certificate of the tax commission tlie constitutional provision goes to to the surviving spouse if any and to require bond from that a tax has not been paid return Contluu-- d on Fifteen cording to his or her status at the may be taken between them exemption divided BOARD Corporation Franc h i s Schedule Promised in Near Future ‘ self-supp- The senate adopted session rules and named committees Two bills introduced and II B 1 appropriating $60000 for expenses ef session passed by senate and returned to the bouse engrossing-committe- e rift-th- $23-00- - The personal income tax measure aa recommended by the state tax commission will be ready for Immediate consideration by the legislature Initiating one of the more important of the topics facing the present legislature Chairmen of house and senate committees on revenue and taxation indicated that Joint sessions will be held for public hearings from Pace One ) tlon of any business carried on for gam or profit or gains or profits and source income derived from any whateer including gains or profit or Income derived through estates or trusts by the beneficiaries thereof whether as distributed or as dlstnb The house of representatives utable shares The amount of all such items shall be Included in the gross moved to request an Immediate Income for the taxable year In which report from the state code commission on the work accomplished received by the taxpayer unless unto date der the methods of accounting permitted In this act any such amounts The bouse decided to Increase are to be properly accounted for as of by two each the membership of a different period but four committees— revenue and 2 Does not Include the following taxation appropriations highItems which shall be exempt from ways and bridges education taxation under this act: a The proceeds of life Insurance The elections committee of the policies and contracts paid upon the house decided to recommend the death of the Insured to Individual seating of Representative W D beneficiaries or to the estate of the Hammond of Moab tContlnued intts close of the taxable Llml of Grow arn ngs ' Pc Pe them year r isection 9 Evorr taxpayer having' a gross Income for the taxable year of $1000 or Cver if single or If mar-unatrled and not living with husband or wife or of $2000 dollars or over If should not be required to lay copies Ten Republican Senators married and living with husband or of the next day's agenda on the senAs to other committee assign wife shall make under oath a return ators' desks Immediately after ad- ments President Dlllman found himstating specifically the items of his journment of the preceding day or self with ten senators Republican should be allowed to wait until the gross Income and the deductions and and nine Democratic senators to ascredits allowed by this act If a husfollowing morning band and wife living together have And this momentous places on twelve wa sign to seventy-fou- r question He could not assign an aggregate gross Income of $2000 decided when the senate voted thar committees he should not be required to do it himself though he is ex officio memor over each shall make a return or ber of all at all the Income of each shall be Included The situation meant that twelve in a single Joint return In which case Increases Membership the tax shall be computed on the agchairmanships were to be divided Of Two Committees senators among ten Republican If the taxpayer is gregate Income unable to make hla own return the However before the senate had since President Dlllman adhered to the return shall be made by a duly auparty division The number was completed Its day Thursday it had thorised agent or by the guardian emended Its rules in some minor par- lurther reduced to nine Inasmuch bA request for an amendment to The amount received the by as is In Senator still hos or the other person charged with the ticulars had Increased the memberKnight state law allowing the bait Lake sured M aJrtETof premlu!? °r Pre as of a an result Tho accident of the person or properly of care of the fish and game commitship m uras Pald by him under life insur-tw- o school board to Increase its levy tee from five to seven and of the three Republican senators vho had such taxpayer 10 9 from to mills was submitted °r annuity Section 10 Returns shall be made revenue and taxation committee from chairmanships as a result of thiJance the term of or at to the house education commitare W H Griffin Jr of lacts' tax commission on or before to seven to nine me 'bers the maturlty of the term mentioned tee Logan Senator Hunt and Senatoibe the fifteenth day of March In each It had received without comment Jeffereon In the contract surrender or upon the appointments of President Ray year If the return is made on the baof the contract I Dlllman to these committees ana 81nce a majority on each committ le trade or bus sis of the calendar year If the return c The value of property acquired 'Proppr tee must be since V and mess Republicans had introduced two bills While these and In the case of mines oiUls made on the basis of the fiscal by bequest devise or descent ar then It shall be made on or other natural sas aie simply amendatory of the pres- the committee work for Senator (butgift the Income such property ent statutes they are at least real Knight must be reduced as far as pos- shall be included from and timber a reasonable al- - before the fifteenth day of the third gross in Income) sible the president found that there Provided month following: the close of the legislation d Interest upon the obligations £'ance for depletion committee positions ln computing the deductions! fiscal year The tax commission may The only other bill so far before were forty-thr- ee of the United States or Its posses-lTh- at ten for senators and Republican the legislature is the measure by theallowed under this paragraph the grant a reasonable extension of time for nine Democrats Sena- siqns or securities issued under loan!baALs thirty-on- e shall be the cost (including infor filing returns whenever ln its Representative George A Fuller of tor of the federal farm provisions was Republican Knight Weber county which appropriates given act of July 17 1916 or bonds issued iUl Cft?e ot mhM1 oil and gas wells ludgment good cause exists and shall three committee assignments leaving and other natural deposits the cost keep a record of every such exten$"'0000 for the legislative expenses not otherwise de- sion and the reason therefor Such Tnls measure was passed by the sen- - forty to be divided among nine recebed through of development nte under suspension of rules but tors and this would have meant five! accident or amoirjt Insurance or and ln the case of property returns shall ducted) forth such facts under since the house had adjourned by ?uch assignments for four Repub lworkmen's acts as acquired prior to January first as the tax commission may deem jPowers Specified In Caw- - of Fraud Section 25 enables alon 10 if rpurna the tax comm bor TODAY nlake of Uxublc Income of a tux- payer vtho has failed to make a return If there Is no fraud with Intent to evade the tax Involved on the part of the taxpayer the commission may not go back farther than tliree years There Is no limit to the time the commission may go bark If wilful Is fraud found The commission has power to require the attendance of persons making return or of sny other person having knowledge in the premises and to take testimony and require proof Section 26 permits the members of the commission or Its designated agents to administer oaths Section 27 tells how errors in tax The payments may be corrected taxpayer has two years from the time he flies his return to ask for a hear- lng and one year after a recomputa- firing tjon Twenty days after the decision of tlie commission are allowed for a motion for a rehearing Appeal Go to Supreme Court Section 28 provides that appeal from the state tax commlsstou's final decision shall be to the state supreme court only on application for a writ of review Before It Is granted the amount of the tax as determined by the commission must be deposited with It and in addition bond given 'j set for payment of costs If the taxpayer loses his case ln the supreme court compensation -- one the that" time thebUI could not be signed jbcan and four t?r tb?thers and n'mteen hundred for enforcement personal thirty necessary the proper "injiirtes "No court of this It Is procompensation for market value of the property (or of this act There shall be annexed vided “except the state” dam-fa- lr amount of o supreme court b? Mb® taxpayer s interest on to such return therein) affidavit or received affiror suit reshall by tlie to whether have review n ages Jurisdiction by (neiiti on the a dae sna'l be taken ln lieu of mation of the person making the re- verse or annul by Governor George H Dem and lng the Democrats agreement on account of such tn- -i c®ft'at 11:5 any decision of the Is committee He himself Judiciary date is walk” t0 for reasonable will The the 'ghost the leg turn to the effect that the state- - commission or to suspend or delay Junes or sickness or through the war lators and the legislative employee the only Republican lawyer in the risk Insurance act or any law for the allowances under this paragraph ments contained therein are true the senate while the Democrats have six operation or execution thereof he under rules made At and time that afternoon regupay Friday Blank forms of return shall be benefit or relief of Injured or disabled provided that a writ of mandamus to nations be tax the will be meted out to all for $4 a lawyers Inasmuch as the Judiciary prescribed by of or nished the commission naval by the military shall lie from the supreme court in tax committee has all sorts of knotty commission In the case of leases the application but failure to secureupon day for the first thirty days of the forces of the United States the all proper cases" deductions be equitably form shall not relieve allowed session and albo for mile- legal problems presented to it durMty-da- y may comf Salaries other and wages any taxpayer ing a session the Republican presiage in making the trip from then dent reoeived from the United jPPftloned between the lessor and form the obligation of making any Makes Provision for decided to avail himself and pensatlon officials homes to the state capltol there-tn- e Writ of Execution States return herein or by employes required state of the Democratic legal of UlcIu(iinff Committee assignments of the Reme military Deduction for As the tentative draft proceeds the Coming to the "teeth” in the propersons available at the expense 01 or talent senate the of wert forces of the United States publican president language becomes rather more ln posed law section 29 provides for the party majority rule in gnaval Stock dividends when received Conrbutions’ Gfta strictly on party lines nor was there breaking volved and technical The following writs of execution to Issue to the one instance or wlthrn Contributions a be shareholder not any such line of division between the the gifts shall by summarizes more or less closely the sheriff to levy against real or persubject two factions of the Republican sena- Full Liat of Senate to tax but If before or after the dis- the taxable year to or for the use of iremaining sections: sonal property of a taxpayer who torial caucus as that which marked Committee tribution of any such dividend the (a) The United States any state Section 11 provides for the falls to pay his tax Assignments the committee assignments ln the to cancel or reIment or subdivision of the corporation time tax any political the proceeds Section 30 provides that the tax- the committee of The full list assignhouse deem Its stock such time and in or the District of Columbia turn Is filed If extension of time ispayer who falls to pay "without ments the Democrats being named such manner as at to make the distributallowed for filing the return the tax itent to evade any tax” may If he files exclusively public purposes Two Chairmen Agree last in each case follows: or tion and cancellation redemption (b) Any corporation or association! hears Interest at 6 percent The taxa correct return within 60 days pay Agriculture and Irrigation— Owens in whole or In part essentially On Joint Sessions equivaexclusively for religious commission must compute the tax his tax and an additional 5 per cent Young Griffin Candland Welling lent to the distribution of a taxable operated Signs that the legislators have not Smith charuable scientific or educational from the returns as promptly as pos-bthe additional amount ln any Patterson so dividend the distributed amount forgotten the real big business of of stble and the taxpayer has ten daysl or for the — purposes claims and Key Appropriations the present session of which the er Booth Griffin Candland Jef- ln redemption or cancellation of the cruelty to children orprevention 'after notification to excess no animals pay any stock shall be treated as a taxable first week Is now for the most part' him over of the net earnings of which ln- - charged the against Fowles Welling Maw Smith dividend and included in gross in- part he amount spent without anything parttculai ferson benefit He is not to ures of — paid the commerce Jefferprivate any actually and Banking after come that became done however apparent provided being stockholder or Individual provided penalized If the return was made in McCarthy stock dividend shall be consideredany Keyser Chairman W D son Young in that the amounts to be deducted adjournment un- good faith and the understatement or income Candland of the senate committee Fowles computing gain profit or der the provisions of paragraphs (a) was no fault of his After the ten Education— Young Ryan Knight upon the sale other dls-an- d on revenue and taxation and Chairexchange thls subdivision shall not days a 5 per cent penalty Is added to Shields man David Hirschi of the corre- Huggins n the aggregate exceed 15 per cent the amount of the deficiency and In — Jefferson Hum Fish and togame stock dividend has been declared or sponding house committee got s net Income as com that public Owens Keyser Patterson Shields of the stock Included In such stock of the taxpayer gether and indicated measures puted without the benefit of this month Similar pvenalty Is attached Musser wul on taxation dividend hearings Such contributions or for negligence if there was no Intent subdivision Highways— Hunt Jefferson Keybe before the two committees in Jotnt Deductions Allowed gifts shall be allowable as deductions to defraud but taxes are to be session This means that twenty-fom- - ser Fowles Welling Booth only if verified under rules and regu- - doubled if the underpayment wasi Knight In Computation Ryan members of the legislature of Judiciary— Shields latlons prescribed by the tax com- - with Intent to defraud Machinery McHuggins will act officially on Patterson Section 6 In computing net inseventy-fiv- e Is provided whereby the tax oommis-l- ! Carthy come there shall be allowed aa dethese measures In committee sion can return an overpayment of Public institutions health and la- ductions: Candland Senator of Appointment Griffin Owens Knight Sooth I Ail the ordinary and necessary the veteran senator Who had opposed bor— Maw Patterson paid or incurred during the Senator Dlllman for the presidency Musser expenses — Candland taxation taxable year ln carrying on any to this post tlie coveted plum of the Revenue and Hunt no deduction shall in any case treasurer must approve the repay- Me Jefferson Young Ryan fession trade or business or In P'jcome legislature was perhaps the feature ment be allowed ln respect of: Musser Huggins Welling of income required to be of the list or committee appoin- Carthy production 1 Revision and enrolling— Griffin Included in gross Income under this Personal living or family ex- - section Provides tment and was held by senators Kvan a reasonable allow- P11155- act For Pirl Payments after the session to indicate that tax RulesMusser and contingent expense— ance including 2 for salaries or other compenAny amount paid out for new revision In Its essence could not have Sectlon 12 provides for various conMaw Hunt Candland the on which or services for rock Repubsation for Improvebeen the permanent actually buildings personal — In tingencies that affairs might arise and State municipal with incaucus to ments or or rentals made and betterments rendered senatorial split lican Booth Griffin Hunt Owens Hug- other payments Including to be made crease the value of any property or changes of the fiscal year and for near disaster to the paity required other details ln the computing of the as a condition to the continued use estate Senator Candland finds on nls gins Maw Smith net income A special lection takes 3 Any amount expended ln restor- of or the for purposes committee Senator George Jefferson possession MASTER MARINER DIES care of payments made or business on property to trade of Milford and Senator Paul H Hunt althe The profit fortwhich) wi NANTUCKET Mass Jan 15 which the taxpayer has not taken or of Keetley who opposed him ln the be lncome dlvlded ln proportion my long voyage ended here during Is not taking title or ln which he has lowance is or ha been made or n’esldency race Senators George H amount to Installments of the paid 4 and Clifford E young the night for Captain B Whitford no equity Premiums paid on any life In- If the automobile Is Ryan Eureka for 2 All Interest paid or accrued dur- surance policies American Fork who supported him Joy at the age of 71 In life ha knew hla dealer that the income may Section 8 1 There shall be allowed from the sale say and Senators Wilson McCarthy Salt every ocean lane and was one of the ing the taxable year on Indebtedness for that year was one- shall 3 Taxes paid or accrued within from the Lake Burton W Musser Salt Lake few men’ who held master mariner's Tracy papers permitting him to navigate all the income year Imposed by the au- have been ££put3 cSStag to toe from tb Ira A Huggins Ogdenthe and the ! latter feur the waters of the globe ln both sail thority of the United States or of rate ln section 3 of this act a per-- 1 R Welling Riverside !ol dePrtved the state of Utah or of any of the rfollowsUCUOn i0T natUral PerSOnS’ may compLtells being Democrats and all ranked boats and steamships gaiiY or political subdivisions of the state from the sale of property This is of Utah except inheritance taxes (a) On the case of a single indi-- l particularly pertinent during tlie and except income taxes imposed by vidual $10 first few years the Income tax law (b) In the case of the head of a Is this feet and taxes assessed for local ln effect since property acquired benefits of a kind tending to in- family or a married Individual living ago may be on hand Jan- crease the value of the property as- toith husband or wife $25 For the some time 1 1031 and may be sold at a sessed purpose of this act the term “head uary or loss thereafter In general profit 4 Losses sustained during the of a family” means a natural person either the actual cost price or the and taxable year and not compensated who maintained a household value of the property as of for by insurance or otherwise if in- supported therein himself and one market 1931 may be taken as the curred In trade or business The or more persona who were depend- January A hus- basis for computing profit or loss the basis for determining the amount of ent upon him for support the deduction under this subdivision band and wife living together shall taxpayer being given the benefit of or under subdivisions five and six of receive but one personal deduction th doubt Special provision Is made schedules now effective this section shall be the same as is of $25 from their gross tax and ln for property acquired by gift on the direct Feather River Route edible you to provided in section thirteen of this case they make separate returns the Property Exchanges take the Pocifu Exfrtu from Salt Lake City it 8:4) act for determining the gain or loss deduction of $25 may be taken by Given Consideration from the sale or other disposition of either or divided between them a m instead of at Midnight arriving on the Section 14 deals with property In(e) $1 for each individual other property Coast at 9:4) the following morning— a saving or ln the orLosses sustained 5 during the than husband or wife dependent upon volved ln exchanges of7X travel hours taxable year and not compensated and receiving his chief support from ganization or reorganization of cor15 deals with the for by Insurance or otherwise if in- the taxpayer if such dependent in- porations Section Two trains daily continue to give your choice curred in any transaction entered dividual is under 18 year of age or same subject 18 tax commisthe Section enables of leaving time on this unrivalled scenic route: because into for profit though not connected is incarikble of sion to require Inventories "conformwith the trade or business mentally or physically defective leave 8 Losses sustained d) In the case of an estate or ing as nearly as may be to tire best during the $alc Lake Citr taxable year of property not con- trust If taxable under clause (a) of accounting practice in the trade op nected with the trade or business u paragraph 1 of section 19 a personal business and most clearly reflecting 8 45 am Pacific Exprtu 9:4) a m storms deduction Of $10 If taxable under the Income” shiparising from fires Section 17 elaborates the principle 4:1) pm 2:1) pm Sente Limited wrecks or other casualty or from clause lb) of said paragraph the theft and not compensated for by same deduction as would be allowed that “individuals carrying on busithe deceased if living If taxable un- ness ln partnerships shall be liable insurance or otherwise 7 Debts ascertained to be worth- der clause (c) of said paragraph the for Income tax only ln then Individless and charged off within the tax- same deduction to which the bene- ual capacity" Section 18 requires the able year In the case of a debt exist- ficiary would be entitled partnership to make annual returns Salt Lake City to San Francisco 2 The statu on the last day of the and to report who ixava a share ln tlie on January first nineteen huning Salt Lake City to Los Angeles by wy dred and thirty one no more than It Income year shall determine tire rfoht income na fair jjwrket saint rm that date providad In Ihia of San FttneiKO Ttindudim ait tf be deducted A worthless debt arU- - section nrovklod that a taxpayer shall and trusts and section 20 to fidu- lienal rail tr hat trip be entitled to such deductions for husband or wife or dependent who Aik for interesting Feather River folders giving has died during the Income year complete details Supplies Alternative and SATURDAY Store Opens 10 REDUCTIONS TO CLOSE OUT JUST 75 UNHEARD-O- F BE el'!°'ent SEEING IS BELIEVING! These are all regular Main Floor Dressei regrouped in ONE BIG LOT for a whirl- wind cleanup “L a sale Dresses In wlndowa will be taken out at 10 o'clock this mornlni —every one will have an equal chance! Crepe Dresses! Satin Dresses! thar “““ 3? Print Dresses! wvi Blck Navy In Brown popular rs at nm Values Tin and other colon up to $35 Ml ANY DRESS No Positively THE LOT Exchanges— -- Every Sale Final RostonStore pay-territo- ry tn-f- QUM-VT- X ’SlRWCl -- VAUiV ut Men—The Greatest Overcoat Values In Years CHOOSE FROM OUR ENTIRE STOCK OF FINE t Society Brand Overcoats Slment SKSMeS dlv At 8f-e- Faster time to Caleifoiknia 1 PL J i3 Off 3500 Coats for 4000 Coats for 4500 Coats for 5000 Coats for 6000 Coats for 7500 Coats for 8500 Coats for 2335 2665 3000 3335 4000 5000 5665 KNOX HATS THE LAST WORD IN QUALITY AND STYLE Price ft Low Coach Fares $1730 $2000 J HATS Taken from our regular stock in a variety of shades 150 KNOX and styles 800 Values for 400 IMOYaluesJor -- shaUlto-the-deductio- 1200 Values for 600 SEE WINDOW DISPLAYS In Foregoing ESTEII&N JPACBFUC THE FEATHER RIVER ROUTE P J PECKENS General Agent Salt ake qty 24 South Msin Street Phone TEA latch 710 The commission supplies an alternative to the foregoing section 8 This would then read: The following exemptions shall be allowed to any taxpayer: 1 In the case of a single person a personal exemption of $1000 or In property tlie income from which la the case of the head of a family or a required to be Included ln gross in- married person living with husband come under this act used ln the trade or wife a personal exemption of $2000 or business Including a reasonable A husband and wife living together allowance for obsolescence shall receive but one personal ex9 A reasonable allowance for the emotion If such husband and wife depreciation and obsolencence oil make separate returns tne personal i - RESPONSIBLE MEN MAY HAVE THE PRIVILEGE OF Ol’R BUDGET PLAN OF PAYMENT IE THEY WISH Mullett-Kellr AUNfU $ALt LAKE EXCLUSIVE y CITY ACtNT ©CCEY ECR Society 7$rand Cfcthes Co "TTT? VeF V |