The Julesburg grit-advocate., 1922-06-29
wAssv AL csv,xssse 70 saaw
e9Yvvlosse ron Aas9peoaagssy
70 CONSTITUTION
muMIlE ne Ae1nf
WOULD ALLOW l9ololATUaG 70
GssAcr 4 STATS TAX osd
lscoMGe.

tol0l04 Q more equal 0ol1oUuoo q
STATE tax burdens.
II refers to the proposed aasad-
neat 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
tidons 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, Is short. Almost
24.000 citizens will have to sign their
names to the petitions in time for
their presentation to Secretary of
State Carl Milliken on July g. There
fore the request, do 1t now!"
Every effort must be made BY all
interested persons, says the tax rsvi-
sion committee, II the measure 10 to be
voted upon BY the people ut the Ne
sember election. Otherwise there will
be 4 two-year delay before Colorado
can take sny etep toward remedy Of
taxation evils.
Because the time 10 % short the
committee has been unable to conduct
publicity campaign to acQaaint the
people generally with the object of
the proposed amendment, although the
Farmers' GraDee. civic Organizations
and other bodice have been studylng
ths taxation problems for some dme.
In brief, the proposed amendment
follows suggestion first publicly
made last spring BY Prof. Herbert 8.
Hadley of the University Of Colorado,
who was formerly governor Of Mis-
souri,, and under whose administration
there Y state income tax was put into
force.
It 10 intended to meet one Of the
Oldest and hardest problems that all
tax officials have had to face. the tax
alton Of unseen" or intangible prop
erty. This consists Of credits, notes,
money In the bank and similar prop
erty which the taxing officials can not
reach or find but about. Millions of
dollars Of such property 30 untaxed In
Colorado every year. Persons f.
miliar with taxation difficulties re.
gard attempts to assess Intangible
property as practically impossible.
II adopted, the proposed amend
ment would allow the Legislature to
do away with the fruitless efforts to
tax intangible property and to pass a
law enacting state tax on incomes
Instead, the taxes on the incomes of
various sizes to be fixed by the Legis-
lature finds wise. Thus the peoples
representatives themselves would de-
termlne what the income taxation
should be.
By this means, 1t 10 believed, the
taxation burdens would be more
eQualized. At present lands and per-
sonal property pay about 80 per cent
Of the taxes Of the state. A person
who owns no land but has large in.
come, pays practically no state taxes,
II any. Under an income law he
would have to pay his rightful share
All parts Of the state are repre-
sented in the Colorado State Tax Re.
vision committee. which ID circulating
the petitions. In a referendum vote
the committee went on record BY q
large majority in favor Of the pro.
posed amendment. George W. Loomis
OF Denver 10 chairman Of the commit.
tee. which has offices at COS Chamber
Of Commerce building, Denver. Farm.
srs' organizations are represented on
II BY 81. r., BlinG of GraAlev. MINING
interests by Bulkeley Wells. One Of
the prominent members advocating
the measure IL Frank N. Briggs, bank.
q. Others Include Ex-Governor =. NJ
Ammons and Prof. Hadlsy.
Many Of these men unhssitatingly
express the opinion that enactment Of
N income tax 10 the NEST constructive
taxation improvement Colorado can
make