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Show Constitutional amendment no. 2 Proposing to Amend Sections 2 and. 3. Article XIII. of the Constitution Constitu-tion c-f Utah Relating to Property Subject to Taxation and Ratea ot Tax reaolutlon proposing amendment to Sections 2 and 3. Article IS. of the OtsilttUlon of the State of t'tah relator re-lator to property subject to taxation and ate of tax. Ii it resolved by the Legislators of tho State of t t.ih, two-thirds of al! the members elected to each house, xrtcrrinj therein ! ..-( Ion I 'lltnt It ie proposed to ' amend Se. -lions 2 nd S, of Article IS of the Constitution of the Slate of Tub so that such scttoni will read as follows Sec 2 L'O the end that the burden of latatb-rn may he equitable upon all property, the legislature is omp.wered to divide all property inrlwrilng moneys mon-eys and credits as well as physical property. Into classes and to determine deter-mine what class or classes of property proper-ty shall be subject to taxation and wiat property. If any. shall not bo sabject to taxaMon. Tatea shall uniform ikpon all property of tbe same claas and shall be levied and collected collect-ed for public purposes only. Tates may be imposed upon anv and all property including privileges, fran ehiaee and ll'-enne to do business In the state, but this shall not he sO'Con- trued as to aothortee the taxation of tho stocks of any company or corporation corpora-tion when the property of such company com-pany or corporation represented h7 inch stocks has been taxed The leg-ialatnre leg-ialatnre i em;owond to impose tax-upon tax-upon La COTues, K-hich taxes may be grad'tnted and progressive and reaaon-aUle reaaon-aUle exemptions may be protlded, and a credit may be allowed on income tag es for property taxes paid withla tkj year; provided, that nothing In Qtfj action shall permit classification aj mine or mining claims. 8sc. S. The property of the TJaJt nd States, ot the state, counties, etj towns. school districts, municipal C01 poratlons and public libraries, with the buildings thereon used aj cluslToIy for higher religious worsfcj. or charitable purposes and placet burial not held or used tor privabj corporate benefit, and mortgages Upd both real and personal property aha be exempt from taxation EVitcbei canals reservoirs, pip's, and flnas owned and used by individuals or eg porstlonfl for irriiratlng lands owag by such individuals or corporatltgf or the IndMdual members there! hall not he separately taed to log as thoy shall bo owned and uaed gj clusively for such purpose, a dsgfj tion of debits from credits may authorised and faxes of the Indlfeg poor may he remitted or abated a j aach time and In sneh manner as sag be provided by law. See. 2. The secretary of state ; directed to cause this proposod amaaj tiient to he published as required , ' the constitution and to be submitted ; the electors of tbe state at the aa, i general elootion In the manner pr, 1 vtded by law. I .c. .S 1 approved by the ieciej ' of tbe stato this proposed amendmeg shall take effect ota the first day f ! Januarr. IMS Approved March 17, 1021. |