| Show legislature of the state of utah special session 1930 state Cn capitol pitol alie special session of tho the eighteenth legislature of the static of utah has convened to consider submitting constitutional amendments to the utah voters that it nd adopted opted will mill enible enable future utah legislatures to accomplish the tax revision commissions recommendations which are re as follo tol loMi wil 1 1 all tangible property shall be ta ened aed at uniform rates throughout the jur jurisdiction I 1 action of the lie authority levying the tax 2 all intangible property shall be classified for purposes of taxation the Intang intangible Able property shall be exempt from taxation as property with the express provision that the income shall be taxed 3 all business conducted for profit except insurance companies shall be taxed at a mode moderate ritte uniform rate upon the net income of the business done within the state a insurance companies shall be taxed on their net premiums b the present license tax on corporations po rations shall be repealed when the corporation income tax becomes effective all other special taxes tor for state purposes shall be continued 4 all residents of this state having taxable ability shall pay a direct personal income tax at moderate graduated rates 5 the revenue which Is derived from the business tax and the personal income tax shall be devoted demoted to the ilie state district school fund and the levy evy for state district school fund purposes shall be reduced accordingly 0 6 the present constitutional state board of equalization shrill shall be abolished and a state tax commission created a the state tax commIs commission Fion I 1 shall hall assess nil all mines and public utilities b the state tax commission shall have power to equalize the valuations of any assessments within any county of the state and shall also have tahe power to equalize the valuations of classes of property between counties c on appeal of ten or more persons ons the commission shall review find and correct any tax levies for local purposes with a view to checking dunec unnecessary expenditures on appeal of ten or more persons the commission shall bevic review any local bond issue and shall bring nil all of the facts involved to the attention of the taxpayers together with the recommendations of the corn com nilsson d the of all special taxes fixes for state slate purposes shall be centralized in the office of the state tax commission e the state tax commission shall have authority to prescribe a system of uniform accounts recounts ne for nil all local tax tas aig units and shill shall sh ill hive have power to enforce the use of such uniform accounting Py astern stern it also hive have power to enforce suitable regulations for the preparation of all local budgets and have nut authority bority to conduct regular independent audits of all local pub accounts and to tale take the nee lice essary steps to safeguard public fil tondi liIs through the prosecution of all viola eions ct c proper accounting procedure 7 the legislature shall authorize aut horio a comprehensive study of oe expenditures expenditure 8 governmental organization and business I 1 methods in connection with tile operation of the proposed plan of tax in order to determine whether more economical method of handling the public business may be developed and for the purpose of securing a proper balance between state and local revenues under the proposed plan pi in of tax tat revision amendments AMEND VENTS TO constitution having made the foregoing ions the commission states that they cannot be made effective at all points under the present tion and tint that the first construe constructive the step toward tax equalization in tho state of utah must be the amendment of certain constitutional provisions relating to taxation ta atlon the hie two fundamentals contained I 1 in n the proposed constitutional amend ments deal with 1 tile he classification of intangible property for taxation tax atlon imposes poes and 2 centralized adru administration lid 11 in addition to these two main points a n provision is mide made tint that nil all revenue leil rei from any income aicon le taxes may be enacted shall he be paid into the state district school fund there theio are some other minor points contained in these proposals which at feared desirable to all the commission but which do not directly affect tile ninin main issue involve involved cd in various states over a long period af pf of years lins hils demonstrated the impossibility of taxing intangible property in the sime same manner and at the same rates as tangible property Is taxed consequently the tion of tangible property front from intangible property ty Is a fundamental liebes necessity regardless of the enactment of the contemplated tax ta revision plan indeed not a single step toward intelligent tax tat reform can be taken until tile the rule of uniformity Is abolished tile the necessity for adequate control supervision of a state tax histel ins has been shown again and again throughout I 1 the he un united I 1 ted sta states tes and those thosa states which have the most administrative systems sv steins invariably have a centralized authority with sufficient sit resources and power gocr to super vise the entire tax system governor Gov einor dern dein in his to the special session state 4 although taxes in utah are anre not higher than jr ir neighboring slate 4 the burden of finx ln atlon te la at premont unequally distributed |
