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Show CONSTITUTIONAL AMENDMENT NO. 2 Proposing to Amend Sections 2 and. 3, Article XIII, of tho Constitution Constitu-tion of Utah Relatlnc to Property Subject to Taxation and Rates of Tax A resolution proposing amendment to Sort'ons 2 and 8, Article 13, of the Constitution of the State of Utah re-latlc re-latlc to property aubject to taxation and rates of tar, I Bo It reaolred by tho Legislature of the Stato of Utah, two-thirds of all tfco ujembors olectcd to each house ooTiirmrlng therein : Section J. That It Is proposed to amend Sections 2 and S, of Article 13 of tho Constitution of tho State of Utah. o that such sections wlU read as follows : Soc 2 " o the end that tbo burden of taxation may hn equitable npon alt property, the legislature Is cmrwrA-ered to divide all property including moneys mon-eys and credits as Troll aa physical property, Into classes and to Determine Deter-mine what class1 or classes of proporty propor-ty shall be subject to taxation and -hat property, if any, shall not ho 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 any be Imposed upon any and all property, Including privileges, franchisee fran-chisee and licenses to do business In the state, but this Bhall not bo eo construed con-strued as to authorize tho taxation of! the stocks of any company or corporation corpora-tion xrhan tho property of such company com-pany or corporation represented by Such stocks haM.hoen taxed. The leg-'tslntnre leg-'tslntnre 1 empowered to Impose taxes tax-es upon incomes, which taxes may be graduated and projrressivo and roason-eVrlo roason-eVrlo exemptions may he prrrvidod, and credit mayli?!ri - for PVer?y5M i Poratloot and iH clBalr.lyntkJ hQ not h)TM brXk reel " ci2 i owned and mhaI PJ JwW& bT "eh IndiSBff 'ban not be tLl'S U clns1ve,y for fM on of debiu frof'iBl' withortxed aadS.5Hi anch time and Mf directed to cat..ffl!jllj ths coasutntioa S? M Wded by uw. 8a 3- If appra.il l I ahau tak eireetjBS January. 1903 ' lV Approve Mara 17, 1& g |