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Show WOULD CHANGE TIK SYSTEM Salt Laker Proposes Revisions of Existing Taxation Laws BAJT l.AKK. Feb. 19. rtcorganlxa j tlon of the entire present system of.! taxation Is the purpose of two bills which are being prepared by Eteprs sentativs S. W. Morrison, Jr.. of Salt ivcke The m ures win probably be Introduced in i . t. house Mondav The first of these proposes s constitutional amendment to ie voted on by the peo- pip at the net general election, relative rela-tive (oyproperty subject to taxation, si BDH mi PROP! 1:1 The' i ..nstltullon.il amenilm. til would change sections 2 and 3 of chapter in, that taxation would no ,,,,,,, ,,,, ,iUi.n) in I portion to its valuation. The amend- Iment would empower the legislature to subdivide all property Into class,- land to determine what class or classes of property snail be subject t.. taxa-,tlon taxa-,tlon and what property. If any, shall; not be subject to taxation. It propOSt - lo make taxes on all property of thd Same ClasS uniform. "Taxes may be I Imposed upon any and nil propert) Includlnr prlv lieges, 1 1 am hises and H-j H-j censes to do business in the slate, "the1 '.'men. inn nts read." but this shall not be so construed as to authorize the taxation of the .storks of any companv , or corporation when the property 6f suc h companj oi eorpotouoji repre- sented by such stocks has bWn taxed.' The legislature Is empowered to lll- posi i ., . ..it In. onu s u in. Ii I a rnnj he graduated and progressive and I reasonable exemptions may be provui-, ed. but If an income tax he graduated and progn sue the highest rate shall i II..I , i e.-.l s times the lowest ra'e ' i w i i ifpnoys, Set Lit n thn under the amendments Would strike from existing h.vvs tin-j tin-j exemptions of taxes allowed on a deduction de-duction of debits from credits and on : mortgages upon both real and personal ! property. Th. second of the measures for ie- ! organization of the basis Of taxation would create o commission to Invest!-1 jg.ite and report upon the question of revising the system of taxation now In effect in the state and appropriating appropriat-ing money o pay their expenses. The bill would authorize the gover-i gover-i nor to appoint a commission of five Persons who nre to serve without pax i The commission Is to he . ,ini..se.i ,of one member of the itatt board ol equalization and four citizens .f the 'state. The commission would he m-m.w m-m.w i i -.t to lniulre Into and make 1 1 I ommenaatlons as to the policy of tii adoption by appropriate legislation ..t a system or taxation of Incomes I B Classified property lax or of SUCh other system of taxation of property,1 real or personal, tangible or Intangi-i Intangi-i ble. as In 'b Judgment ,f su.-h commission com-mission may be conducive to the eojuifc able distribution of the burden of taxation and to afford .'deitint- rei lines for the stale. row BR OF si BPOl The headquarters of the com mi slon would be In Salt Lake and tlov 'would have power to subpoena witnesses wit-nesses and take necessary testimony. a report of their recommendations would be submitted to the governor not later than Jan. 1. 1:.-;. ' |