The San Francisco call., 1908-09-27
Public Service Corporations Job
Turks in Proposed TaxAmendment

buildings and the acquisition utilities win Be bonded
70 millions of dollars The intess, principal
bonded Indebtedness must be met sy % however
% daTGre ~ the ps0possd % ipa or interest
Indebtedness The must fall upon the other tax
WY should and electric % s0m,
orve ana VIII sGnnue 70 eriFs & % o4bp Cities of the
state BE exempt from 70 pay any part q e % ssm
b @ rannSsS Tor P[aeta no non o tSer properties
PROPOSED SYSTEM UNJUST
discriminatory between tax
method taxation corporations Illustrated
s1 sss y ss. @
usual collected proportion to tina.
continually IT. corporation,
under amsndnent
building state
property he purposes
Which he as corporation protected BY
s and it is safe to say that on the bonded
properly from the city under the amendment for the
Of taSati0n his taxes Will exceed per cent per ann thus
amount payable if. the
n % G ha sr tn on the
on on oc @ sdn m o doing On in
this state S or AMY ere or 0e OF 1ns In u S and amount
ton authority the Legislature without
of corporations BY
Why not have the legislature impose income tax
conformity % bapss @ b The sc allow The the
to impose income taxes all corporations and oas
the If the amendment goes into effect all persons
upoa the sas HGi e s 5
Corporations under no cirsu@
azpsyer may comped pay ad vaosm tax and
exempt in any except the per-
Although pupors to provide for the separa
0n STATE ana oca II aos not neeessary make the
corporations favored
must be levied to make up the deficiency This state tax win
pOrations led in amendment
PEOPLE SHOULD ELECT BOARD
The faulty this: That provides
for the election Of the members of the board Of equalization
ae @ and not y the state at large III ths duty %
asses ana no he e asanst ne ths
board should be elected by the people It is much
oty Of the board by manipulating and
than when elected frequently
Of districts likely eoslns their
Should the proposed amendments
impossible change
people receives
house The corporate interests have usually controlled ma
Controlled and in the future M viii control in % each house 2 y
sa Of the p OF fh n sna ssasy prevent pr @ the the
evils that TO result the amendment
that 1t nxes the amount
OF s ss 9 paid other
are not organized for peouniay poht upon It's franchise
for @ @ % f1p e %
for sSessding 100000 exceeding 100000
50 10000 the annual tax is $3.50 only In other
this state) the franchise
corporation with capital stock amounting
$6000000
taxing and provided by tbs
vdes that there shall
the capital stock of all
this state of the United
This
tax shall be in lieu of all
municipal
of such banks except taxes real
the city
OF the levied
Why should holder OF let Off
ment OF only cent of the of
amount as taxes
his OF banks
still taxable, but
nhcan value In comparison with the
otherwise,
should they doing
of amendment No. l. which. II sanctioned
tion the values of all
the corporations amendment
CONCLUSION
seriouz oh5act,o,.
I one votsr ~
thousand outside of those directly
be derived from its adoption has
discussed it, Of ~
Of
In United States quietly
energies to its adoption
convention In Its platform favors
ignored subject
part OF our organic law the day ~