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Show CONSTITUTIONAL AMENDMENT NO. 2 Propoung to Amend Sections 2 and, 3i Article XIII, of the Constitution Constitu-tion of Utah Relating to Property Subject to Taxation and Rates of Tax A resolution proposing amendment to Sections '1 and 8, Article 18. of the CnnstltuUon of the State of I'tah relating re-lating to property aubjeet to taxation and rates of tax. Be it resolved by the legislature of tho Stato of Utah, two-thirda of al! te members ole:ted to each house concurring therein: Section I. That it is proposed to ' amend Sections 2 and 3, of Article 18 of the Constitution of the State of Utah, so that such asctkms will read ! aa follows : Jtsc. . To the end that the burden ' of tayatton may be equitable upon all property, the legislature is cmpo-wercd to dlvids all property Including mon : ays and credits as well aa physical i property, Into clsaaes snd to determine deter-mine what claae or classes of propor ty shall be siabject to taxation and I what property, if aay, shall not be t subject to taxation. Taxes shall be uniform upon all property of the same class sad shall be levied and collect-ad collect-ad for public purposes only. Taxes may be Imposed upon any and all I I property, Including privileges, fran-anted fran-anted and licenses to do business in the atate, but thia shall not be bo con. trued as to aothorire the taxation of the stocks of any company or corporation corpora-tion when the property of such company com-pany or corporation represented b7 such stocks hss been taxed. The leg-lalaturs leg-lalaturs is empowered to impose taxes tax-es upon Incomes, which taxes may be graduated and proirrassive and reasonable reason-able exemptions may be provided, and I i i credit may be allowed on Income tj s for property taxes paid within ( year; provided, that nothing la tl section shall permit classlficatlSB '. n ' or Miinln- i laims. Sei 3. I lie property of tha U i Mates, of the irate, counties, dtl kOWna hool distrlcta, munlcipei fj orations and public libraries, M Vlth Me buildings thereon uaad j lusivel for hi'iier rollgloua worn r i bun ai.le purposes and placet tmrial not held or uaod for prlvatfj or,. i. rate hcni fit. and mortgagee .nth real -or. rl personal property e ee:i.pi from taxation DitOM anals, resorvoiri, pipes, and o.vn'd an I is.'. i'V individuals or i poralionM for Irrigating Iannis owi by such indhiditala or lorporatid ur the inti nlital members then, shall not ho separately taxed so id ap they shall he owned and used clusively fur such purposo; a dsdl rlun of del.i'-' from credits may I authoriXOil an.l toes of the IndlM poo- mav he remitted or abated such time and in such manner as as he pro', ided by lnw. Sec ' I'hc aecrctary of atst dtrei ted to a bo thia proposed amel i.ient to :.e prhllMhed as reii:irsd4 the 0D titii i m ami to lie suhmlttefl the eleciort of the ?tate at the aej enernl olecion in the manner pfl Ided by la. se If approvod by the electa of tho state this proposed amendmj shall tak.- etTeet n the first dayl January. 1928 Approved Marca it, 1921 |