Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-02-04
BILL TO SOLVE
REVENUE PROBLEM
Highly important Measure Intro
duced in the House This
Afternoon.
PROVIDES CORPORATION TAX.
Represents Combined Effort OF Speak,
er Joseph and Mr.. Hone--Mcs-
sage From Gov. Cutler.

one OF the most important measures
yet to come before the Legislature is
house bill 80, introduced into the lower
branch this afternoon by Representa-
tive Hone. The bin embodies the COM
bined efforts OF Speaker Joseph and
Mr., Hone on the subject treated upon
--that OF providing revenue for the
state.
1t is no miSstatement of the facts TO
say that unless some special means are
found for raising additional revenue.
this state will face a large deficit at the
end OF the present fiscal period. And It
is to meet this need, and to render
Justice to tho small taxpayers as well
AS TO the large corporations doing busi-
ness in the state with property worth
millions OF dollars who do not pay one
dollar into It's treasures in the way of
taxes, that II. b. 30 was framed" say
its authors
Ono big mining company In Bingham,
says Speaker Joseph. has capital OF
sS,000,000. and its stock Is selling on the
eastern markets at IS per share. This
company annually pays the princoly
sum of SIS ncr year, he said into the
treasury of Utah.
THE enforcement of the provisions
of Homes measure VIII" he added.
compel these companies TO pay q more
equitable tax into the treasury, gradu-
ated according to the amount OF the
capital stock OF the company: and while
It taxes the corporations. 1t gives them
protection which they have hitherto not
had under the laws
Both Speaker Joseph and Representa-
tive Hone are enthusiastic over the
measure, and the bill is said to have
the approval OF the state officials as
well as of many leading local ianciers.
In fact. Governor Cutler has n message
to the house in readiness to deliver
this afternoon, in relation 10 this SUBJ
iect approving the idea OF such a |
measure being passed
THE PROPOSED TAX.
The section of tho bill referring to
the corporation tax provides that all
corporations organized under and by
virtue of the laws OF this state OF I'M
der the laws of the territory of Utah.
and all foreign corporations doing |
business In this state, except MS here
matter provided, are hereby required
to pay an annual state license as fol-
lows. All corporations with an au-
ihorized capital stock OF $4,000
or less. $50; with an authorized capt
tai OF more than $4,000 and not to |
/
ICED capital of more than $4,000 and
not to exceed 100000, $50: with an
authorized capital of more than $780,
600 and not to exceed $250l000. $40:
with an authorized capital OF more
than, $25G,600 and not to exceed
S6O0,0Ob, ssS. with an authorized |
capital OF more than 100000. 500.
All mutual corporations having no
.apital stock shall pay an annual Ii i,
:epse of $50,
COMMISSION LINE UP.
The house forces are beginning To :
ne up on the railroad commission / !
,easure introduced by CritchIow. l
very argument available is being used !
or the conversion of the "antis," who 4
re very numerous In the house 1t is
ven considered probable that an ,lu-
avorable committee report may be
nade on the bill, and procedure In the
vent of that contingency has been pro-
ided for, as those favoring tho pas |
age of tho bill are determined to get a
ull and impartial hearing on the merits |
7 the same. Mr. Critchlow this morn
ng said that the 1900 signers to tho Pc
ition In favor OF the bill we're not com
,osed OF children, but OF business men
who pay the freight" as Mr.. Crltchlow
ersely expressed It.
THoMPsoNs LIQUOR BILL.
II Thompson House bill 90. which
vas today reported favorsb bly, from tho
judiciary committee becomes a law,
10 person In this state may sell. give
r otherwise dispose OF liquor TO any
minor. whether for his own use or
he use of any other person. Neither
hall any person SELL give or otherwise
lispose OF liquor 10 any insane or lido
10 person. or 10 n habitual drlinkard
his bill 10 intended to cover points not
AIKEN up by the present law, and per-
ons violating its provisions are liable
o prosecution for misdemeanor. Writ
EN- authority from parents or others
8 made void In this act IN the case OF
minors, and they are prohibited from
eceivlng any liquor whatever under the
'rovisions OF this law.