OCR Text |
Show Sound Appraisal Of Tax System Hot Adequate To Classify Tax OevcsMies, Foundation Report Oeveals Present methods of classifying classify-ing and reporting tax revenues do not provide the information needed to make a sound appraisal apprai-sal of the tax system in Utah, it was revealed today in a report released by Utah Foundation, the private non-profit tax re- search organization., It is virtually virtual-ly impossible to determine what proportion of state and local taxes is paid by each of the various economic segments in Utah from available state reports, re-ports, the Foundation stated. . The Foundation report pointed point-ed out that the lack of meaningful mean-ingful statistical data concerning concern-ing the property tax, the state income tax, the retail sales tax, and the several other taxes imposed im-posed by the State has seriously hampered previous studies made of taxes and the tax system in Utah. It was suggested that co'm-'petent co'm-'petent experts familiar with Utah's assessing and tax collection col-lection methods devise practical and informative classifications for the respective taxes as a prerequisite to appraising the equity of Utah's present tax system. Besides providing valuable information in-formation about the tax system, tax information, properly classified classi-fied and tabulated, would have a myraid of uses in many different dif-ferent types of governmental, social, and economic problems, the report, stated. Utah Foundation analysts also discussed the recommendations of the 60-man Public School Survey Commission with respect re-spect to the improvement of property tax assessment practices prac-tices in Utah. Specifically, the School Survey Commission recommended rec-ommended that all property ir. Utah be reappraised at least once every five years on a continuous con-tinuous county-by-county basis. In line with the recommendations recommenda-tions of "the School Survey Commission, Com-mission, the State Tax Commission Commis-sion and the Governor have recently re-cently announced plans for the employment of additional workers work-ers in the Tax Commission. These new employees will be trained as field appraisers and will maintain a continual check on assessed valuations and will reassess all property throughout the state, each five years. |