Show constitutional AMENDMENT NECESSARY BEFORE BANK SHARES SHAKES MAY KAY BE TAXED A cownty attorney in one of 0 the outlying counties gurgew urges the legislature to pass at this special session a law taxing bank shares for 19 f und and to make it retroactive so that the banks will be compelled to par p the tax they tailed failed to pay in 1929 concerning the matter the state stated to tod bwl bw d l ot of equalize iii liaa has issue the following ai in n our I 1 j opinion the legislature of utah has no such power it cannot contravene I 1 united states statutes national 1 banks are federal instrumentalities i aud and a state cannot tax them without tho the consent of congress the conditions of this consent are contal nel neI in section of 0 the revised statutes of the united states this section Is the lever that controls control the whole works our law contravened contra vencil the conditions imposed and was an cullel by a federal court we may trel feel chagrined at our impotence we may gather in conclave and rave recite and madden through the land but it avails us tio nothing thing we are merely tilting at windmills it Is purely a legal question not an administrative one aal the quicker we sense it the better our only effects ve legal remedy ii for utah and all other states aimola ly situated to bring pressure to bear upon our representative a in tou gress and induce that body to amend this section states to tax national banks as ag they do da state banks even if 1 wo we can accomplish this and we must not underestimate cati mate the iab we could not asness and collect a property tax tas on bank shares unless a and until we 1 iret I 1 pet rid of c our uniform rule in thi the constitution so long as that rul ru i squires ill all property tangible alvi intangible to bo be assessed aas essed at I 1 it in wit wa form aate i ate abt so long ion will we be ba prohibited front taxing hank bank on a property basla while ajl other intangible property Is lett left ot of tho tax rolls rails all efforts at tax equalization equalisation ao ae a o idle a gest gestures urea until this apa appendix pend ix tit of tho the ival body Is eat cut out now a tile time to initiate treatment fly r passing the amendment to the cn celt I 1 I 1 proposed by the tax R rals vis i ion on commission |