Show legislature faces numerous tasks when tile as abtil il jealy u 0 it il luu alil cl A auli oi pic yi 0 ua o LU to LJ v llie litt V la acx L X bw aai loi nii V r XI CIlly jt ii tills win will ue oe iamie uini all ur it a yi lecia 11 nj kl JL A jila lie cagl ao I 1 k W ana catini ci tini win will 11 diwi aiLi 6 lOll to 10 lilt lile la LUA nei liti im unie td loaded aes we ale aieaz aCty lne ine inaus marcu ui oi revenue lo 10 WL i je idl ial ail cui uuie eugil wax 11 dall un r WAS some apar tie LO lieLl Leil til th aoi uen lien un on ane taxpayer lax in recent J V b dt d t L to 0 t vell oy we e edla tile LAva soi vl ui aou yubi LiL anu uie or 01 a policy amen seems to ve ue lavoisa uy doin PL olllie pauea lLie ui tile nie aei ense or 01 tile nat nation lOiL k ahe ulan voters in de poleu an all tile me etis or staid utan ta taxes aes baad on income to the support or 01 tile me kudlic school system vi the me state slate lr i re revenue illda income taxes is lowered below te t e needs or 01 the seno senoris ois tile me can oe de blaue up uy oy a legislature appropriation aiom surplus in tile the bloies general iund 3 me line state LL ni L commission which has lleen Lit lying the income tax laws of this ana uthe states over a ot or years aaa aias recommended several changes in ule me utan ulan indi individual victual income tax act summarized those recommendations read I 1 me lne individual inai vidual income tax act should be rewritten in keeping keepin with the laderal inc income rne tax law arm arill to provine for a tax oi OA non residents who are doing bus business nere here in utah and to bior lor income taxes paid in other states Aiga ligaments ments in support of these recommendations are carried in the biennial report of the tax commission already presented t ti A i governor J bracken lee and to come wt the press in the course of a few weekes our general geneval recommendation t to nave tile me utah individual income tax mended am so that it will be more in keeping with the federal income tax law says the tax commission is based upon the me desire to harmonize the tax structures to the me extent that it would be consistent for the purpose oi 01 making it easier for taxpayers to prepare and file their income tax returns to the extent that this is possible it certainly will be desirable as a means of simplifying the me reporting process and reducing the cost in addition to the deductions now permitted by the utah statute we think that unusual medical expenses should be allowed a as s a means of securing a more equitable tax we believe also that the exemptions empt ions should be increased so as to provide for a more equitable tax if we are to judge the utah individual income tax act by comparing it with other state tax laws we will find that the utah law imposes a higher tax on the lower brackets of income than most states we think as a i 1 itter of equity the exemption 3 auald uld be increased so ai as to icare the tax on persons of low income As a means of simplifying the reporting and computation of our individual income tax we think the law should be amended so as to permit a person to take a deduction of a prescribed percentage of his entire income to represent deductions for taxes gifts etc if this is enacted into law it will make it possible for taxpayers who use this simplified f dorrn ariy 0 e reporting to make their reports to the state on a form not much larger than art an ordinary postcard many states says the commission with regard to these re commended provisions affecting non residents have this provision in effect now and have had it for many years and it seems imperative that the utah legislate leg legislature islat enact such a provision in our own own individual income tax abtil act this and other recommendations are discussed by the commission in its report copy of which will be available on request at this office of the the commission room state capitol as soon as it comes off the press |