Show O O O O O O O O I Farm Bureau Wants Income Tax Amendment In conformity with the resolutions adopted at the last Annual meeting of the Utah State Farm Bureau declarIng declaring de de- de- de claring daring in favor of amending the classification of property J for or taxing purposes the Legislative and I Tax a x Committees s of the Utah State e Farm Bureau have prepared the following resolution which will be submitted to the next Legislature and shall we lope Jope have the unqualified support ot vi all the farmers of the state A Resolution Proposing an un Amendment Amend ment to Sections r T o wo vo and amI Three Thice Article XIII of the tho Constitution ol 01 of chic tho State of Utah Setting Forth Foith J Shall be bo Subject to T Icon LLOn u n Defining the thc AVord Vord l Property und and Setting Forth IO th Powers and Iu- Iu I u- u Lies of the Legislature as s to l' l Raisin liaising t Revenue tte O for lor Im I'm poses of u u. find acid for fol Taxing Incomes Bo ne is resolved b by tho the Legislature of vf f the State of Utah tu- tu two two-thirds ot ut all ll the mcm ers elected to each concur ring Section 1 That it is proposed to amend Section 2 and 3 Article XIII IJ of Jf the Constitution of the State of of Utah to read as follows Section 2 All An property in this tate Mate not exempt under the laws of the United States or under this con constitution or under the laws of Utah shall be taxed in proportion to its value to be ascertained as provided by 0 law subject to the provision llo for tor classification as herein set foith forth Tho The word property as used in this Continued on page 4 I Farm Bureau Wants I I Tax Amendment Continued from rom page ono one 1 article Is hereby declared to include moneys mOneiS credits bonds stocks fran franchises chases and all matters and anel things re real 1 personal and mixed capable of private ownership but hut this shall not be he so construed as to authorize the taxation of the stocks of any company compan or corporation when the property of such company or corporation corporation cor cor- represented by such stocks has b been en taxed The legislature shall provide by law for an annual tax sufficient with other sources Of revenue revenue revenue rev rev- to defray the estimated ordinary ordinary ordin ordin- ary expenses of the state for each fiscal year For the purpose of paying the State debt If any there be lie the Clio legislature shall provide for forli vying levying li a tax annually sufficient to the pay annual interest and pal lal of such debt within twenty years ars from the final passage of oC th the la law w creating the debt The legislature Is empowered to provide by hy law for the division of or all property into classes and sub subclasses sub classe to tom tor the tho purpose of of- taxation and to determine what hat class or sub class or clas classes es of shall be subject sub suh- to taxation and the relative de gree greo in which the several classes or classes sun property shall be bo taxed and what classes or of such classes of property 1 if any shall be bo exempt from taxation Taxes shall be uniform upon all property of the same class or sub-classes sub within the respective taxing sub divisions anti and shall be bo levied and collected for pu public purposes only The legisla ture is empowered to impose taxes I upon incomes which taxes may be he graduated and progressive and re- re exemptions may be provided provid provid- ed and a credit may be bo allowed on income taxes for property taxes pal pall pai within the year ear Section 3 The legislature shall shaH provide by law a uniform and equal rate of assessment and taxation of e each ch class or 01 su subclass sub class of or pi property in the state according to its value In money and shall pre prescribe prescribe pre pre- scribe by general law such lions as shall secure a just valuation valuation valuation tion for taxation of all property BO so that every person and corporation shall pay a tax In proportion to the value of his his- her or its property subject to the provisions o of Article 12 relating to the classification of property ty for fOl taxation purposes Provided That a deduction of debits frem credits ci may be authorized Provided f further That the proper property t ty of the United States SUites of the tho state j I counties cities towns school districts districts dis- dis I j municipal corporations and public libraries lots with the buildings buildings build build- ings thereon used exclusively for Cor either religious worship or charitable charit charlt- charitable able purposes and places of burial not h held ld or used for private ate or corporate corporate cor cor- benefit sh shall ll be exempt from taxation Ditches canals reser I I pipes and n flumes mes o owned ned and used b by individuals or corporations for irrigating lands owned by such i individuals or corporations or the individual members thereof shall not be separately taxed as long as they shall be owned and used ex exclusively exclusively ex ex- for such purposes purposes purposes-Provid Provid ed further That mortgages upon both real and personal property shall be e exempt empt from taxation Provided Provided Pro Pro- vided further That taxes of the in indigent indigent indigent in- in poor may mar be remitted d or abated at such times and in such t I manner as may be provided by hy law Section 2 The secretary of state is directed to cause th this s proposed amendment to be published as required required required re re- re- re b by th the constitution and to tobe tobe tobe be submitted to the electors of the state at the next general election in inthe inthe inthe the manner provided by law Section Section 3 If approved by the electors o of the state stat state this proposed amendment shall take effect on all the first day y of January 1927 |