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Show CONSTITUTIONAL AMENDMENT NO. 2 Proposing to Amend Sections 2 and J. Article XIII, of the Constitution Constitu-tion of Utah Relating to Property Subject to Tsxstlon and Rates of Tax A resolution propoelng amendment te Sections " and 8, Article 13, of the Ctltntlon of the State of Utah relaxing; re-laxing; to property subject to taxation and rata of tax. Bs tt resolved hy the 1ogislatnre of rh Cute of Utah, two-thirds of all tz aenrtvers elected to each honto cocccTTing therein Soctloe L That It Is proposed to amend Sections 2 snd 3. of Article 13 of the Constitution of the State of Utah, so that such sections will road as follows: 4ter. 1 To the end that the hnrden of taxation may he equitable opon a'l property, the legislature Is empowered to dlrlde all property '.nrludlng mon eye and credits as wll as physical property. Into claeses and to deter tuhao what clasif or classes of proper ty ahaJl be stahloct to taxation and Whai property If any, shall BOl be atihjsct to txxation. Taxes sball bo uniform upon all properly of tha same class and shall be lerted and collected collect-ed tor pnbllc purposes only Taxes may be Imposed upon any and ell property Inelodine privileges franchises fran-chises and licenses to do business 'n the state, but this shall not be so con. slroed 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 b7 such stocks has hen taxed. The legislature leg-islature Is empowered to Impose taxes tax-es upon Incomes, which taxes may he graduated and pfOgl eSSlS and reasonable reason-able exemptions may he prov!dvl, and a credit may be aflo-SM 29 for prap.irty taxes Ju rear; presided, the section .hall pnaJl JJJNa bIoasi or raining dalitTI ft . Tne propen. i ed States, of the sUte L towns, scbool dletrlciJ poration. and abl!o ' JUIdJ vlth the bniidtng, ,3 clnslTely for blgh,r rftuTti or charitable pil rDoseT?1 ' barial not held or u.m , M corporate benefit, and a!-?' both real and persoo.i he exempt from taiatw,,l oanai.. roaonrolrs, :,r 1 owned and used by I poration. for lrriKttla. i""1! by nu-h indiTidoai, c' ' or tie Individual oiaK! shall not te earar? I as they shall be owat clostrely for such paroJ? I I of debit, from crt? 11 I authorized and taxes J poor may be remkt4 such time and la ,llh fc "N be prorlded by law 1 Sec 2. The .ecretary J , directed to caneo ,M, prA . ant to be published uHL the coastltu:ion and tot. ,2 the aloctors of the ,Ut, .75 ceusral ejecdoa In ta. m-M r1dd by law Sex-. S. If approved hy m J of the state this propo, 7j shall taSe effect on las a-l January l(r22 1 Approved March 17, jjj. |
