Monte Vista journal and Monte Vista graphic-reporter., 1922-06-30
WAIT AL o,r,xGMs TO s,oM
PETITIONS ron AMGMoMsMr
TO CONSTITUTION.
COUNTIES Are ACTIVE
WOULD ALLOW LEGISLATURE TO
ENACT A STATS TAX ON
nA iMcoMGA
-agn up and DO 1t nowr-

That 10 tie appeal Of the Colorado
State Tax Revision committee TO all
citizens Of the state desirous Of OBJ
taining 4 more equal distribution Of
state tax burdens.
1t refers to the proposed amend
ment to the state constitution which
would authorize the State Legislature
to exempt intangible property from
taxation and to enact. In the place
thereof. q state income tax law. Pc
titions for the proposed amendment
are now being circulated In every
county through members Of the tax ~
vision committee. county officials and
others.
The time to obtain the necessary
signatures, however, IL short. Almost
24,O0O citizens will have 70 sign their
names to the petitions In time for
their presentation to Secretary Of
State Cari Nilliksn on July 9. There
fore the request. do 1t nowr'
Every effort must be made By all
Interested persons, says the tax rsvi-
sion committee, II the measure II to be
voted upoa BY the people At the No-
Sembef election. Otherwise there will
b q two-ycar delay before Colorado
can take sny step toward remedy Of
taAaiion ssiix
Because the time II % short the
committes has been unable to conduct
. publicity campaign to acQuaint the
people gcAefally with the object Of
the proposed amendment, althOugh the
Farmers Grange. civic organizations
and other bodies have been studying
the taxation problems for some tims.
In brief, the proposed amendment
follows = suggestion flrst publicly
made last spring by Prof Herbert y.
Hadley Of the University Of Colorado.
who was formerly governor Of Mis-
souri,. and under whose administration
there q state income tax was put into
force.
It 10 lnteadsd te meet one Of the
oldest and hardest problems that all
tax officials have had to face. the tax
alton Of unseen" or Intangible prop
eety. This conasts Of credits, notes,
money In the bank and similar prop
srty which the taxing officials can not
reach o. mad out shout. Millions Of
dollars Of such property so untaxed In
Colombo every year. Persons II.
mlliar With taxation difficulties ne
gard attempts to assess Intangible
propsrty ~ practically impossibls.
II adopted, the proposed amend
u'ent would allow the Legislature to
do away with the fruitiess efforts to
tax Intangible property and to pass q
law eaacting q state tax "a Incomes
Instead. the taxes oa the incomes of
various sizes to be fixed BY the Legis-
lature finds wise. Thus the peoples
representatives themselves ~ w.yid DE-
termins what the incou,e taxxuou
ehoHid b.
by this means, Il 10 believed, the
taxHtion burdens would be more
equalixed. Al present lands and pcr.
sonAi property pay about W per cent
Of the taxes Of the state. A pern0u
who owns NO land but has Z large In.
come. pays practically NO stafc taxes,
u any. Under m income law be
would have TO pay his rightful share.
Al parts Of the state are repre-
seated II the Colorado State Tax Re.
vision coMnlttss. which IL circulating
the petitions. In q refsrsadum vote
The committes went oa rscord By q
large majority In favor Of The peo-
possd ansendmeat. Genrxs ". Loomis
Of Deaves II chairman Of the commit.
To-. which has offices at 00o Chamber
Of Comperce building. Denver. Farm
srt organizations sre rspsesented -
u ~ 2. X. Riiss Of Greeley, miuins
lntssests By Bulksiey weila Ons of
The pr0missat msmbefs advocating
the measure 10 Frank n. RdxEA bank.
.. Oshsrs lncisde sx.Oovernor Z. n.
Annoas and Prof. Hsd,ey.
Many Of thsss msa unhesitatingiy
empress ~ opiaiua that saactmens Of
~ lacems tax 10 the ooee Constructive
essaase improvement Colombo csa
make.
0ngA - ~AoAa