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Show j CONSTITUTIONAL AMENDMENT NO. 2 Proposing to Amend Sections 2 and, I r Artlclo XIII, of the Constitution Constitu-tion of Utah Relating to Property 8ubject to Taxation and Rates of Tax A rnaolntlon proposing amendment tn SocMorja 2 and 3, Article IS. of the Constitution of the State of Utah re-latlnj re-latlnj to property lubject to taxation and rates of tax. Be It rosolYed by the Legislature of tho State of Utah, two-thirds of all tke members elected to each hossc concurring therein Section 1 That It is proposed to amend Sections 2 and 3, of Article 13 of the Constitution of the State of Utah, so that soch sections will read aa followa ; 2. To the end that the burden of taxation mar be equitable upon aj; proporty. tho legislature is empowered to dlrldo all property lnolndlng moneys mon-eys and credit as well as physical property, lato eleeaoa and to deter-; deter-; mine what olastf or classes of propor-; propor-; ty shall bo snfcject to taxation and wtoat property, ff mtLJ gha1 not b(J subject to taxation. Taxes shall bo uniform upon all property of the same class and shall be levied and collected collect-ed for public purposes only. Taxes may be Imposed upon any and all 1 property, Including privileges, fran-! chlsee sad licenses to do business In Uh stats, but this shall not be so construed con-strued as to authorize the taxation of the stocks of any company or corporation corpora-tion when the property of such company com-pany or corporation represented by such stocks has boon taxed. The leg. tslarere is empowered to Impose taxes tax-es npon Incomes, which taxes may tie graduated and proffrossivo and reason-asle reason-asle exemption may be provided, and a credit may be allowed on lecasS es for property taxes paid VHlH year, provided, that nothlajH section shall permit cltiiiflasS mines or mining claims. j Sec. 3. The property of dul, ed Sta'es. of vho state, counUaH towns, e houl districts, mualdafl orations and public llbrafl with tbo b'llhllngs thereon uM cluslrely for higher rellgioaiM or charitable purposes tnd pMB Surial not held or used for prhK, corporate benefit, and mortjaH both real and personal propstHl be exempt from taxation. Hj canals, reservoirs, plpos, UsH owned and used by IndlrldatH po ratio us for Irrigating UndlS by sii'h Individuals or -orpgdT" or the lmlhldual merohan (fl shall not be separately ta-alaM. as they shall bo owned tnd aS clusliy fur j h parpois , l tlon c,( debits from crcdltj aflt-authorized aflt-authorized and taxes of tni IsH;. poor may ho remitted or belH. such time and la such manaeTB be provided by law f Roc 2 The secretary d -W""' directed to cause this propoieiB ment be published rsqsjBiz. the constitution and tohembaBTr the ehvti-rB of the ?tQtitaWu general election in the muuaW:: vlded by law. J Se- H If appro e I by 'lis ay of the state tbtu proposed unslf; shall rake effect on the flnt Jantinry, l'i-! Ajproed March IT, 192L I |