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Show CONSTITUTIONAL AMENDMENT NO. 2 Propoalng to Amend Sections 2 and 3, Article XIII, of the Constitution Constitu-tion of Utah Relating to Property Subject to Taxation and Rates t of Tax A resolution proposing amendment to Sections 2 and 3, Article 13, of the Cocstltutlon of the State of Utah relating re-lating to property subject to taxation ar.d rates of tax. Be It resolved hy the Togislature of tho State of Utah, two-thirds of a!1 tko uienvbers elected to oach house concurring therein Section 1. That It Is proposed to amend SectShna 2 and B, of Article 13 of the Constitution of the State of Utah, so that sueh sections will read as follows : .Sec 2 To the end that the burden of taxation may he equitable upon all property, the legislature is empowered to divide all property Including ir.on eys and credits as well as physical property, Into rlaases and to determine deter-mine what class or classes of property proper-ty shsfl he snhject to taxation and what property, If any. shall not ho abject to taxation. Taxes shall be uniform upon all property of the same class aid shall be levied and collected collect-ed for public purposes only. Taxes may be Imposed upon any and all property, including privileges, franchises fran-chises and licenses to do business in the state, but this shall not bo so con. trued as to authorize the taxation of the stocks at any company or corporation corpora-tion when tho proporty of such company com-pany or corporation represented by such stocks has been taxed. The legislature leg-islature Is empowered to Impose taxes tax-es upon Id comes, which taxes may be graduated and progressive and reason Vie exemptions may he provided, and a credit may be allowed on income t) es for property taxes paid within year; provided, that nothing in fl section Bhall permit classification-, mini or mining claims. Sec. 3. The property of the Ui od States, of the state, counties, cltl towns, school districts, munbipale poratlons and public libraries,-! with the buildings thereon used j cluslvely for higher rollglous wore! or charitable purposes and places l.urlal not held or used for private . orporate heneflt, and mortgages tin both real and personal property be exempt from taxation Ditch canals, reservoirs, pipes, and flan owned and used by IndMduals or c poratlons for irrigating lands owfj by such Individuals or corporatiol or the individual members there shall not he separately taxed so 10 as they shall be owned and used I flush ely for sueh purpose: a dedt tlon of debits from credits may j authorized and 'axes of the IndlfJ poor may be remitted or abated such lime and In such manner as mi be provided by law. Se . 2. The secretary of state directed to cause this proposed amen uient to be published as required 4 !i 11 conn t i t ot ion ntiil in I, .a nSmlMaiB 1 the electors of the state at 'he nsj general olexion in the manner pf vided by low. sec If approveI by the elects! of tho state th's proposed amendmfj I shall fake effect on the first dayj January, 23. Approved March 17, 1921. |