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Show Pulse Of The Public EDITOR'S NOTE: The Standard Stand-ard wants to encourage letters of information and comment from its readers. Each week we will print as many letters as limited space permits. Since we are interested in getting as many letters as possible in each edition, edi-tion, short letters are preferred but not required. Anonymous letters will not be considered-however, considered-however, we will withhold publication pub-lication of the writer's name, if requested. 7 September 1949 Dear Editor: It has come to our nttonfim that due to a possible ignorance of the Tax Laws, several of the businessmen of this area are unknowingly un-knowingly laying themselves open op-en to charges of inefficiency relative rela-tive to business matters. May we ask you to be good enough to print, for the benefit of all, the following extracts from the State Tax Laws: 1 Sales and Use Tax Acts and Regulations. Nov., 1948, p. 28, para. 4 Collection of the Tax (Applies to Sales Tax only) . . . The vendor is required to collect col-lect the tax from the vendee with respect to ALL taxable transactions. trans-actions. The tax MUST be added to the sale price and collected and charged as a separate item. Para. 5 Absorption of Tax It is unlawful for the vendor to absorb or in any way waive the collection or imposition of the tax or to consider that the tax is included and collected as part of the sales price. Page 34, para. 22. Books and Records Every vendor is re-auired re-auired to keen and Dreserve such adequate records as are necessary to determine tho amount of the Tax for the collection col-lection of which he is laible under un-der the act. Records shall show: (1) ALL SALES of tangible personal per-sonal property made within the State of Utah irrespective of whether the sales are taxable or non taxable. (2) All deductions and exemptions allowed by law and claimed in filing tax returns. (3) Bills, receipts and invoices j covering all purchases of tangible tangi-ble personal property for sale or consumption in Utah. (4) Such other books and records as the taxpayers business may require to show completely and adequately ade-quately the liability of the tax payer under the provisions of the act . . . Failure to keep adequate records rec-ords necessary to establish tax liability and to preserve the same for the period set forth above (3 years) will be grounds for revocation of license. We sincerely hope that the bus inessmen ioTtmTr,,- . advantage of this J m tab afforded them lffi tion of the foregoing rl PubC. regarding Tax lL e8ulaC State of Utah. LaWs YHr? aithfuliy I The BSgriL |