OCR Text |
Show BILL TO PLACE TAX ON EARNINGS OF CORPORATIONS. Saloim. Ore, Jan. 27. There is in preparation fi bill to re-enact by the. legislature those chapters of the general gen-eral laws of the state which place a tux on the gross earnings of corporations, corpora-tions, These chapters were adopted by the people, under the initiative and referendum, and as one of the chief public service corporations of the Pa- cine coast is attacking the constitutionality constitu-tionality of the law as adopted under the initiative, this new bill is designed design-ed to cover the taxation subject, even should the supreme court of the United Unit-ed StatPB declare Oregon's Initiative aud referendum unconstitutional. |