Show AMENDMENT 4 i A JOINT PROPOS- ING AN AMENDMENT TO SEC- TION 3 OV ARTICLE XI II OF THE CONSTITUTION OF THE STATE OF UTAH RELATING TO ALLOCATION OF REVENUES RECEIVED FROM TAXES ON INCOME AND ON INTANGIBLE PROPERTY Be it enacted by the ture of the Sute ot two- thirds of all members elected to each cf the two houses voting In favor thereof Section L II U proposed to amend 3 of Article of the of the state of Utah ss Bet The Legislature shaU provide by law a uniform and equal rate of assessment and taxation on all tangible prop- erty In the according lo It value In and shall pre- scribe by law such regulations as shall secure Just ahall pay uj In Uon to the value ot or Ju provided that the Legislature may deter- mine the manner and extent of transient live Block and live stock being fed for ter to be used for human eon- Intangible property be exempted from taxation at property or It may be taxed in and to euch ex- tent as the Legislature may pro- under any tax based on but when taxed by the State of Utah as the Income shall not also be The Legislature may pro- vide for endor on any tax based upon The personal in- come tax shall be but the maximum rite shall not exceed aU per cent of net No excise tax rate baaed upon Income shell exceed four per cent of net The rate herein contained for taxes based on income and for taxes on proper- ty shall be effective until ary and thereat er until changed by law by a vote of the majority ol the members elected to each of the the electors of the state at the general election In the provided for in section 1 ot of the Hon the state of |