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Show CONSTITUTIONAL AMENDMENT NO. 2 rpoeJo to Amen Seotlona 2 and,, t. Article XIII, of the Constitution Constitu-tion ef Utah Relating to Property Subject te Taxation and Retee f Tax A roaolotloa propoalnf amendment te Serbona 2 and 3. Article It, of the CeautttwtlOa of the State of Utah re-latlua re-latlua to property aubject to taxatlnTi and rate of tax. Be H raaolTed by the Ill&ttire of the State mt UUh. two-thlrd of all te meBber8 elected to ouch house coorurrtnj therein Section 1. That It is propoacd to am-and Section 2 and 3. of Article 13 of the Constitution of the State of Utah, ao that inch ectkn will remd aa follows : Hc 2. To the end that the hnrden rtf taxatioa may h equltahlo npna alt property, the letBlature la empowered to dlrlda all nroperty lncladlnf mon-y mon-y and credits aa well aa physical property. Into claasea and to dater-mlne dater-mlne what elaoa or claaaea of propor-ty propor-ty saaH be aiabject to taxation and what property. If any. ahall not bo ahject to Uxatlon Taxaa shall bo vanilorm epon rII property of the ame olaaa and ahall he larted and colloct-d colloct-d for pcbllc pnrposoa only. Taxes may be Imposed upon any and all property, lnclndlnc privileges, franchisee fran-chisee and licensee to do baslnsas In the state, bat this shall not be o co-tmed co-tmed aa to iiuthortte the taxntlon of the stocks of any company or corporation corpora-tion when the proporty of eoch company com-pany or corporation represented by soca atoefcs has been taxed. The le-ialatnra le-ialatnra Is empowered to lmroe tax-a tax-a upon incomes, which taxes may be graduetoe and progrftasire and reason-Via reason-Via exemption! may he prrr. tded, and a credtt mar be anoweS fZSf ce tar peoprty taxes JsJtJjr year; provided . that aouuH aeotkm ehavll permU cUeinLli mines or mln'.nj Hainv aja Sec 3. The property ed Statse of the rUte, col towns, school dlstrtota, poratloaa and pabllo taaeaeajaaai with the bolldtnfS therZJ croalrely for hiehar rehfw'J or cJaarlbab) parpoees kwT, LbN SwrloJ not head or uaad fo, 3 rorporate benefit, and mrrrha3 both real aad personal atiTl he exempt from taxaQoaaal caaais. reeerrolra, plpaa, imW ownW and ovl y IndlTaJjipf porarlons for lrrlratlaj j by such tadlrtdaats er ZLV v or the tndlvldual nxeaafeajtH ahall not be eparatery taxaiaM as they Shall be owned aa Jm cinaTlrsry for such porpoaa ai tton of debit a from credaa mm aathorleod and taxes of tea 9 poor may be reacttted er mm i awch fdme aad ua snch aiaaalH be prorided by law " 1 Pec 2. The aecretery at mU dtreeted to eaaae this copoaaj ! moot te be pobltabed as raaJ the uusas tits tion sod to be tmS the electors of the stats t3 general eleesjnn lo the ateaai , vlded by asw. 1 Sec S. If approved by tfcaafl . of the state this proposed aaaaafl sbaU takA effoct on ths ftrtl , Janoary. 128. Approved hfaroh IT, UOL f |