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Show COMPLETE TEXT OF PROPOSITION1 NO. milit 1 were TAX ARTICLE REVISION A ; Property owned by a nonprofit entity which is exclusively for religious, charitable or educational poses; and fc) tax pet Tangible personal property present in Utah or 6c January 1, m., which is held for sale or processing and which is shipped to final destination outside this state within twelve months may be deemed by law to have su. 'Dn acquired no situs in Utah for purposes of ad valorem property taxation and may be exempted by law from such taxation, whether manufactured, processed or produced or otherwise originating within or without the state. , () Tangible personal property present in Utah on ta January 1, m., held for sale in the ordinary course of m business and which constitutes the inventory of any St retailer, or wholesaler or manufacturer or farmer, or la livestock raiser may be deemed for purposes of ad valorem v; property taxation to be exempted. p. v 5 Water rights, ditches, canals, reservoirs, power L plants, pumping plants, transmission lines, pipes and l' flumes owned and used by individuals or corporations for land the owned within state individuals such irrigating by or corporations, or the individual members thereof, shall not bo separately taxed so long as be exempted from taxation to the extent that they shall be owned and used exclusively for such purposes. j 6 Power plants, power transmission lines and other property used for generating and delivering electrical power, a portion of which is used for furnishing power for pumping water for irrigation purposes on lands in the state of Utah, may be exempted from taxation to the extent that such property is used for such purposes. These exemptions shall accrue to the benefit of the users of water so pumped under such regulations as the Legislature may prescribe. 7 The taxes of the indigentpoor may be remitted or abated at such times and in such manner as may be provided by law. THIS RESOLUTION PROPOSES TO AMEND ARTICLE XIII, SECTIONS 2, 3, 4, 5, 7, AND 12 OF THE CONSTITUTION OF THE STATE OF UTAH; AND REPEALS ARTICLE VI, SECTION 23, OF THE CONSTITUTION OF THE STATE " OF UTAH. - 1 resolved by the Legislature of the State of Utah, of all members elected to each of the two houses voting in favor thereof: Si Section 1. It is proposed to amend Article XIII of the ,;i. of the State of Utah to read: Constitution t;, two-'"Yhir- of Sec. 2. 1 All tangible property in the state, not exempt under the laws of the United States, or under this Constitu-'Yion- , shall be taxed at a uniform and equal rate in proportion to its value, to be ascertained as provided by 8 The Legislature may provide by law for the exemption from taxation: of not to exceed 45 of the fair market value of homos, homesteads, residential property as defined by law; and personal property, not to exceed SdrdOO in value for homes, homesteads, ond, all household furnishings, furniture, and equipment used exclusively by the owner thereof at his place of abode in maintaining a home for himself and family. law. 121 EUL oi 3 DATE. Sec. 1. The fiscal year shall begin on the first day January, unless changed by the Legislature. pur, , TABLE, OR EDUCATIONAL PURPOSES; ELIMINATING THE LIMIT ON DISABLED VETERANS EXEMPTIONS; PROVIDING THAT THE LEGISLATURE MAY PROVIDE FOR THE EXEMPTION FROM TAXATION OF A PORTION OF THE VALUE OF RESIDENTIAL PROPERTY; REMOVING CERTAIN INCOME TAX PROVISIONS FROM THE LEGISLATIVE ARTICLE AND PLACING IT IN THE REVENUE AND TAXATION ARTICLE; ELIMINATING OUTDATED LANGUAGE; REMOVING THE LIMIT ON STATE SUPPORT OF THE MINIMUM SCHOOL PROGRAM; PROVIDING FOR PERMISSIVE SHARING OF REVENUES BETWEEN POLITICAL SUBDIVISIONS OF THE STATE; MAKING CERTAIN CHANGES IN THE ORGANIZATION OF THIS ARTICLE; AND PROVIDING AN EFFECTIVE : user Places of burial not held or used for private corporate benefit shall be exempt from taxation, fdl WATER-RELATE- ' e: Legislature the property of a county, city, town, soecia district or other political subdivision of the state locate; ; tjon outside of its geographic boundaries as defined by law mai mar be subject to the ad valorem property tax; but JOINT RESOLUTION OF THE BUDGET SESSION OF THE 44TH LEGISLATURE OF THE STATE OF UTAH PROPOSING TO AMEND ARTICLE XIII OF THE CONSTITUTION OF THE STATE OF UTAH; RELATING TO REVENUE AND TAXATION; PROVIDING FOR EXEMPTION OF THE PROPERTY OF COUNTIES, CITIES, TOWNS, SPECIAL DISTRICTS, AND ALLOWING THE LEGISLATURE TO EXCLUDE CERTAIN PUBLICLY-OWNEPROPERTY LOCATED OUTSIDE ITS GEOGRAPHIC BOUNDARIES FROM EXEMPTION FROM TAXATION; CLARIFYING THE EXEMPTION FROM TAXATION FOR CERTAIN RIGHTS AND PROPERTIES; PROVIDING FOR EXEMPTION FROM TAXATION OF CERTAIN PROPERTY USED FOR RELIGIOUS, CHARI- Be it be The following are property tax exemptions: aThe property of the state, eountieo, cities, towns, school districts, municipal corporations and public libraries J, lots with the buildings thereon used exclusively for cither- religious worship or charitable purposes, and 9 Property net to exceed in value, owned by disabled persons who served in any war in the military service of the United States or of the state of Utah and by the unmarried widows and minor orphans of such disabled persons or of persons who while serving in the S3,-WO plaeos lb) The property of counties, cities, towns, special districts, and all other political subdivisions of the state, except that to the extent and in the manner provided by the 10- |
