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Show COMPLETE TEXT CONSTITUTIONAL AMENDMENT NUMBER 3 CONSITUTIONAL AMENDMENT NUMBER 3 This Joint resolution of the Legislature propose to emend the Revenue and Taxation Article of the Utah Constitution. This olnt resolution modernizes the makeup of County Boards of Equalization to accommodate current county governmental structure This Joint resolution clarities and reorganizes provisions relating to revenue and taxation and makes technical changes. This Joint resolution directs the lieutenant governor to submit the proposal to voters and provides an effective date. This Joint resolution provides a coordination clause. Th resolution proposes to change the Utah Constitution as follows AMENDS. ARTICLE XIII, SECTION 1 ENACTS ARTICLE XIII, SECTION 4 ARTICLE XIII, SECTION 7 ARTICLE XXII, SECTION S REPEALS AND REENACTS ARTICLE XIII, SECTION 2 ARTICLE XIII, SECTION 3 ARTICLE XIII, SECTION 6 ARTICLE XIII, SECTION 6 ARTICLE XIII, SECTION 3 REPEALS. ARTICLE XIII, SECTION B ARTICLE XIII, SECTION 10 ARTICLE XIII, SECTION 11 ARTICLE XIII, SECTION 12 ARTICLE XIII, SECTION 13 ARTICLE XIII, SECTION 14 of all Be H resolved by the Legislature ot the state of Utah, two-thirmembers elected to each ot the two houses voting m favor thereof; Section 1 It a proposed to amend Utah Constitution Article XIII, Section 1 to read Article XIII, Section 1. Fiscal year. The Legislature shall by statute establish the fiscal year of the State Section 2 It a proposed to repeal and reenact Utah Constitution Article XIII, Section 2. to read: Article XIII, Section 2. Property tax. (1) AH tangible property m the stale, not owompt under lire laws el die United Slums, et undw this Cenontutioai ehall be tawod at e uniform and equal rale in proportion W 4e value, 4e be aseonained an provided by lew (31 The following are proporty tax owumpbonei a die property et die Btale, sohoel dttilnoto, and pubke libiamat, (b) die proporty et oounliosi ortwe. teams, spootal diotaota and all odea puMmal eubdmoione et dro stalo, owoopt trial to the extent end m die manner provided by Iho Legislature die property el a county, city, townt spooled do! not, er otlwr pontioQj subdivision ot die stale teeutod euVude ei 4b googiaphta boundanos as dukood by taw may be eubjoel te the (o) property ewnod by a wowpwfe entity adMoh m uocd exetuBtasty tor tokgxrus, otionlonlo or educational purposes, (d) pianos at burial ned hold or used fen pmiale or sorperato bonuftl and (o) farm eqmpmonl and farm maohmoiy as doknod by ctatato, This exomppon ehok be implomontod over a ponod el time on provided by (3) Tangible poroenal property 28 ptosonl in Utah so Januar sale ei prsaussing and whmh is shipped to knai duodnutien eatoide due state within twelve manllie may ba doomed by law te havs aaquead ns eta in Utah tar purposes af ad vatarom proporty tuwution and may be ewempted by low hem such taxation, vrttedtat munutmtaiad piuoowod er piaduood at olherwioa anymaling within er wrtlwul tlia stale, (4) Tangible peieanal pioporty ptosonl in Utah an January I, held tar extern the ardtnary eaeasaat btaiinees and whwh aaneutatee tlte irwen lory at any retailer, ai wholesaler er rnanutautytor ar heater, ai Irvealeek micur may be doomed ter purpoeue el ad valorem property taxaliea te be exempted ) (fc) Water ngtitoi jHtulws, annate, roe arsons, pewur ptantei pumping ptontei tianemicioteW linos, pipoe and 4umoe ewnod and seed by mdrnd uale at oorperutions lor irrigating land within Ihe etale ewnod by each mdmduuls er earpaialiens, er the tndMdual members dux eat, snail be exempted bam taxation te the extant dial they ehall be ewnad and weed for such purposes knee and ether property weed ter generating and delivering elootiteal power a pertien el whieli used ter furnishing pewei lot pumping water fan engation purposes an lunde w Hie etale af Utah, may bs exempted from taxaliea ta the extent 114 ayah property le uaod lor ouoh purpoooo, Theea exemptxrna ettat aeerua la tlte benefit el Ihe users af watur oo pumped undor such regulations ae (8) Power plants, pewei lianemieewn the Legisiature may preseribe,) (?) Tlte tones at the past may ba rumitlod ar abated al sueh limas and in eueh manner as may ba pravidod by law, (8) The Legislature may ptavida by tow (or tlte enomptien kern ttaia tien. pi not ta exceed 4fc af tha tax market vidua al rosidonlial property ae dofwiod by lawi and all household lumisl tinge, furniture, and equip men! used esotusively by (tie ownoi ttioroof al his plaee af abode m maintaining e home tor htwooK and family. (8) Properly ownod by dioobiod persons who wore disabled in die hoe etdutydunng any waii rntomaiiooal eonfliot, ar military darning m die military eonnee el tha United Stales er el die state et Utah and by die enmamod eurvMng spouses and minoi orphans el sued disobtod per sens et at persons who during any war, intomational eonfttet, er mtliteay training in die military sorvxw al the United States er the etale at Utah wore killed in aulion or died in tho line of duly as a roau4 ef eueh eorwoe may be exomptud as the Legislature may provide ,) (10) Intangible proporty may bo oxomplud trorn taMQtton ae properly ar 4 moy be taxed as property m soon marmot and to ouoh orrtont oe tha Legislature may provido, but f taxed as proporty the meorna theta from shall not also ba taxed Provided dial if intang, ttte property is taxed as property the rate Ihoroof shall not oxoeod five mills on seuh dekar of valuation (11) The Legislature shod provide by law for an annual ks saiiieionti with ether sources ef revenue, to defray Ihe eolimalod ordinary oxponcos at die dale far ouoh kseal year, For the purpose e paying the ototo debt, 4 any diore be, the Legislature etioll provido tor levying a-tannually, ceil, wont to poy tho annual mloroot and t poy the pen txpal of ouoh debt, within twenty years from the tinui passage el Ihe law oroolirig Ihe dubt lLSalhat Bach person and corporation pays a la in proportion to die lair market value of bsJM.pt its tangible property, all tangible property irJhe Slate that snot emmet under tie Jaws af the Stated Stales or undaJbsJSanstitutiQn shallM lalas-es&eat a undarm ard.egu&'.rale in proportion to vakMlfi be ascertained as provided by law: and MJamsLat a untemaod equal rats. asdt corpgEatonandpgfSQDUl&Stata or doing business m thq State is subject te taxation on the tangibte property owned or used by ta t held far its fair market |