| Show SALES TAX collection COLLECT ON 60 MILLION M utah foundation reports on sales and use tax funds in state SALT LAKE CITY more than IGO GO million dollars had been collected at the close of the fiscal year from utah sales and use taxes since enactment of the sales tax in 1033 1931 according to a research report released today by utah foundation a nonprofit non profit tax study organization collections for the fiscal year july 1 1945 ato 0 o june 30 1916 brought into the state treasury nearly five times the amount collected in 1934 the first full year the tax was effective sales and use taxes accounted for 2921 29 of the total revenues from state taxes licenses and fees in 1945 the latest year for which statistics are available this tax has also accounted for 22 78 tsi of total state rate tax license and fee collections for the 1 12 l year period 1934 through 1941 P cost of administration has varied from 1 36 cents to cwi iwi 2 wa cents per dollar collected which compares favorably with other tates tales imposing similar taxes revenues from the sales and use are earmarked by statute for relief purposes the wi 1945 legislature provided that if the balance of the relief fund exceeds on the first day of any quarter such excess shall be placed in the state cenera cre fund all funds in in the relief fund are appropriated to the governor for carrying out the welfare and relief programs of the state of utah in commenting on the report the utah foundation said future levels of revenue from the sales and use taxes will depend upon price level and the general trend of bu baines ines ine s activity within the state it not at all certain that wartime peaks can long be maintained since much of the wartime spurt in income was due to the heavy military e construction programs within the late the last report of the tax commission comments sign are multiplying however thai a peak has been reached in st star V tax collections A decrease appear inevitable deferred demands for goods and accumulated purchasing pure pur hasing power may sustain sale fax ax revenue levels for a period bui it appears likely that revenues wl 1 decline after the stor stored edu up P de mand ma ida of buyers ba have ve been satis frei sustained higher price levels w giuld uld also alpo tend to maintain higher lej lei le j of sales tax collections there is a question as to the logic of the present statutory tie up be sales tax revenues and we fre revenues from the sales tax are of course highest during periods of high in com an and big high e employment and lowest during periods of decreased I 1 income acome an and erm employment n lo 10 ent welfare fund requirements on the other hand may logically be expected to be greater during periods of lo 10 low w in income and unemployment with a lighter load during dur ing more active p period 1 of the economic cycle |
