Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-02-25
WEDNESDAY .....FEB. 25. 1920
STATE INCOME TAN MAY BE
COLLECTED.

or omission,
The state, therefore, deferred
sending out blank returns to be
sworn to March /, under heavy
penalties by persons, firms and as
sociations making gross profits of
over $4,000 per year. il was deem
ed best by the governor to resub-
NIT the income tax matter for ac-
ton by a special session of the
legislature. A substitute BIZ was in
readiness, but when the two bodies
had voted to repeal the act the
legislators decided that there
should be no increase of taxes this
year and rejected the new bill. The
income tax proposed had not been
counted upon in making up the
expense budget for the coming
period.
Instead of then passing the new
bill. which met with as much OBJ
lection from many sources as the
old, an act introduced by Repre-
sentative Barnes of Bernalillo was
passe" anu app oNeu ~ '''e soN0
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PUBIC VI COMMUNITIES tn"l "oulu
loIIo" e''lorceii'eht oI the law
Inc income tax Ia" program as
Suilil'ldrlNed ny arg uile'''S On 'he
features tilereol' SHOWS mat 'he
ne" ac' ueSiieu ny tHe governor
Which was uhacceptapie to the TWO
houses was TOT more eiaoorate
ana lar-reachlhg provisions win
Slep-slohe' OF progressive pan
uhuer winch larger incomes Woulu
pay heavier taN' propoftlohately'
than smaller one ana repeating
me income tax law Oh 1917. the TWO
houses or the legislature took a
dilerent course. after viewing
ho'h the EVIL and the proposed
relI'euy' Oh poth sloes 1t was con-
csueu mat an income TAX, all thlngs
considered, and for the purpose of
reaching tangible as We'll as IN
taislple property In the state, is
liie most inclusive ana far-reachlng
leatufe OF any taxing system; ana
y was lurlhef conceded that the
income TAX Ia" OF 1919 is uncon-
sptulioHdl III us 1lfst secton, since
II olscfiihlhates against New Mex
leo corporations IN favor of foreign
corporations DONG interstate bust
ness tnerepy Nloiallhg both state
ana leoeral constitutions,
cohstl'utlohal lawyers OF repu-
tatioh turther suggest additional
srouhos on "hich the tax act of
1919 can be questioned In its va
many ny the courts Can any tax
Ne leVled on incomes under the
provisions OF Sec !, Act VIII, OF
our constitution, which reads as
1ollo"s' laNes' ETC. and If the
power 10 levy an income tax eX-
istS' can a progressive system OF
taXalioh' pased on an arbitrary
ciassllicatioh OF incomes according
70 the amounts lhereof In dollars
pe sustained! In other words, does
tle hundred thousahdth dollar OF
an income pear a different OF
Greater Valua lot taxing tnr'
VI 'ui