Indiana daily times., 1921-06-06
TAXATION TO BE
ONLY TOPIC AT
STATE SESSION
Two Proposed Amendments
Will Be Discussed by
Delegates.
MCRAY TO OPEN EVENT

Only the proposed amendments to the
state Constitution which concern taxa
tion viii be discussed at the Statewide
conference on constitutional amendments
which convenes at the Claypool Hotel at
8 80 o'clock tomorrow morning.
The conference was planned by five or
ganizations, the Indiana Taxpayers
League, the State Chamber Of Commerce
tie State Manufacturers Association, the
State Federation Of Labor, and the Indi-
, ana Federation Of Farmers Associations.
None of the organizations has taken q
stand on the amendments and all are
asking for a sincere discussion devoid of
any propaganda.
LEADERS OF
DISCUSSION.
The conference VIII be orened with an
address Of welcome by Governor Warren
T. McCray. J. A. Van Osdol, president
OF the State Chamber Of Commerce, will
preside. Senator William E. English
will read the amendments and ex-
plain them. Eben II. Wolcott, president
Of the State Savings and Trust Company
and former member of the State board OF
tax commissioners, Will speak for the
amendments and Henry III. Bowling, for
mer assistant attorney general, will
speak against them. Hite Huffacker, Of
Louisville will speak on How Kentucky
Fares Now Under It's New Tax System.
Thomas E. Lyons, chairman of the Wis
eonsin tax commission, will speak on
TAX System of Wisconsin With Special
Reference to Income Tax System" A
general discussion will be led by W. A.
Rawels of Indiana University.
The proposed amendments, which were
hrr h. acrfCI Iofr
read as follows:
law for the levy and collection Of taxes
on incomes and from whatever source de-
rived, in such cases and amounts, and in
such manner, as shall be prescribed by
law and reasonable exemptions may be
provided.
''The General Assembly may provide by
law for a system Of taxation"
ONE AMENDMENT
OF CHIEF INTEREST.
The latter amendment is the one around
which most discussion is expected to
center 1t leaves the whole question Of
a system Of taxation open TO the Legisla-
ture. It is generally agreed that the pro-
visions Of the first amendment are en-
bodied in those Of the second, but it is
thought possible the first one may be
adopted and the second rejected. The
voters Of the State will express their
opinions in q special election to be held
Sept. g.
The present constitutional provision
concerning taxation reads as follows:
''The general assembly shall provide
By law, for a uniform and equal rate
OF assessment and taxation; and shall
prescribe such regulations as shall secure
q Just valuation for taxation OF all
property, both real and personal, ex-
cepting such only, for municipal, educa-
tional, literary, scientific, religious, OF
charitable purposes as may be especially
exempted by law"
WOULD CONSIDER
SECURITIES INCOME.
Friends Of the proposed amendment
contend that an equal and uniform rate
Of taxation IS unfair to the holder of
low interest bearing securities and other
types Of property from which the income
IS proportionately small and that the pro.
posed amendment will give the Legisla
ture the power to classify such property
for a lower rate OF taxation.
Opponents of the proposed measure con
tend, on the otoher hand, that the amend
ment will leave the system of taxation
entirely in the hands Of the Legislature
with the possibility that this body may
ego Wild and inaugurate freak" or IN
fair forms of taxation.