| Show Bills Would Reduce Taxes Tax measures are always of greatest concern during legislative sessions- The income of the state is determined by the taxes This year the state enjoys a surplus of tax moneys brought about by a vigorous revenue sharing and favorable tax ruling with This creates an opportunity for tax reduction and also a temptation to and create more THE following major tax reduction measures have been introduced this session by Representative Franklin W. 97 Decrease Sales' 1 ax This would change sales tax paid from 42 percent to 4 percent on all items effected by sales This would give the taxpayer a reduction of tax costs of million per The sponsors of this bill are Franklin ai i W. Jack Redd and Peter H. B. Food tax credit or This would give each person a credit of 10 to be deducted from income tax due as an allowance for sales taxes paid on If no income tax was due a cash refund would be made by the state tax This would be a total savings to the taxpayers of Utah of approximately 10 million The sponsors or this bill are Jack Sidney Leon Reese and Franklin W. H. B. Elimination of State Mill Levy against This bill would place the State Mill Levy at This would offer a saving to property owners of the state of million dollars and would decrease property mill levy by The sponsors of this bill are Sidney Franklin Knowlton and David THESE measures are being strongly considered by the House of Representatives at The sales tax decrease has been considered by the Revenue and Taxation Committee and has been given a favorable The sales tax decrease is an honest decrease giving industry and small business a more favorable tax climate to live It would also preserve a taxable base should the state a down turn in the The merits ot me tood tax credits are that it is a tax that would be adjusted to the economy of the state and would not require costly machinery to By giving each person 10 or it would greatly those with large families and would have relative importance to the THE MILL levy reduction on property would eliminate an adjusted mill levy on all property throughout the This was recommended by the Governor and at present seems to have the greatest support of the This would help all who own but offers the least advantage to those without Other major finance considerations possible payment of bonded increased exemption allowance on income tax and exempt food and drugs from sales THE taxpayers of the state should show their concern about possible tax changes by expressing their views to their The strength of that expression was proven on the Equal Rights Your Legislators need to know your feelings and |
