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Show TAX REVISION ; PLANS STUDIED Six Proposals Argued Including Personal and Gasoline Levies SAIT LAKE, Sept. I - - Kxtendd discussion of features of the plan recommended rec-ommended to Mi. ...tnto commission en revision of the taxation xvstcm of T'tah took place Thursday "ln tho state capital and although no part of tho plan was adopted by the commission com-mission six of the main features ap-penreii ap-penreii favorable The commission paid parti, ular attention to the problems prob-lems In regard to public utilities and held a brief ont'erence with a committee com-mittee from the Utah Bankers' assr.-clatlon assr.-clatlon In regard to proposed changes In I he law covering the asaeHsrucnt of banks. EXPECT HIGHER RECEIPTS. The remainder and major portion of tho da was sprnt in a detnlle-1 study of the personal fx lull 'Hie .-orpora-tlon tax mil now before the coiri-mlsilon coiri-mlsilon which ia Intended to displace t)n present i.rp.iru Ion l. m w . .,1-lected .,1-lected annuallly by tho state. The pre: enl I i n.-n from iin.ftoii t,, $186,000 H la estimated that a tax n ti flat rate .f ner cant of tl.t. net Income of tho corporations would I yield possibly $400,000, uml It would be more in acco.-d with the ablllt i. j pay I The commission seemed Inclined to .handle public utility corporations like I other corporations under the new corporation tax measure rather than ; on a fram hlse basis but to correct the. Inequality by lmpoalng a greater tax on the utility, No definite decta- lon was reached, however. PE VT l RES BRIEF. The six fciitute.s of the plan diu-cufssed diu-cufssed were First A personal tax bill, which Is described as not un Income tax bill in the full s,.na of the word; but a tax based on Income.. Details of this proposed bill, already roughly drafted, were goi vcr in detail during dur-ing the day day. Second A corporation business tax, also based on In. . n.e to take Hi- p'.a. of th- present oiporat Ion tax. and slcead disjeuased above. Third A bank tux which shall aim to eliminate the prosenl admittedly itneoi:nl rei-ults ln th. taxation of banks Th. ni-v, measuri proposes, as outlined, to ftaseas banks uniformly on their book value, us determined by the capital. Burplus and bndfvldea profits. Fourth -A gasoline tr.. designed loTu'se a reasonable amount for the maintenance t Mate roads. This is drslpned to tak? the place of tho present personal property tax on automobiles, auto-mobiles, ami u m also estimated that the automobile license tax which tal.es care of Interest and sinking fund on the at Me road bonds, will! meet fully all finam lai requirements ma.b on It If the provisions are alter-, ed ho as to make them b-sa drastic. Klflh An administration measure ls proposed, which would give to thai -: ' board of equalization power of reassessment where tho work of the; county assessors has been palpably anu iiuKiarmy Wiimxiy &SSO88CU Sixth The committee proposed to establish Bomo sort of restriction of th. spendliiK of n oney by the various taxing unite- State, county, clt, town and school The commission is to qneet again today to resume a Stqdy of sono- of the proposed bills already drafted in the rough, and will meet with the slate farm bureau lax committee, . DEPEK Ms (i i i One argument used as to the futility of any formal approval at this time was that almost i vory feature In tho suggested plans Is based on the a8-aumptlon a8-aumptlon that the constitutional amendment providing for the classification classi-fication of prop-rty will be passed by tho people next November. If that amendment does not pass It was op-enl op-enl stated by ome of those present wlih the possible exception of fvvo or i hr.-.- measures, the pi.n will virtually go Into storage until su. h time as th- constitution may b amended |