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Show Proposed Amendments to the State Constitution Relating to Taxation Forward The following proposed amedmenti-to amedmenti-to Section 2, 3, 4, 5, 10 and 11 of Article Ar-ticle 13 of the State Constitution, In substance at least, are deemed necessary nec-essary by the Tax Revision Commission m order to put into operation the plan of taxation tentatively agreed upon by the Commission and the Legislative Leg-islative Committee. Like all other questions thus far considered by the joint committee, these proposed amenamenrs are tentative ten-tative and subject to such modification as may be agreed upon by the joint committee. It is not claimed by the Commission that the proposed amendments amend-ments are perfect in form, but they have been prepared with considerable care and we are quite sure that the substance thereof is absolutely necessary nec-essary to put our tentative plan of taxation tax-ation into operation. The proposed amendments are more elaborate and contain more details tnaln ordinarily are necessary in a constitution. Much that is contained in them should properly pro-perly be left to the Legislature, but we realize that the voters of the state must adopt them before they can be effective, and for that reason we have endeavored to present them in such manner that the voters may distinctly understand the real purpose of the amendments and the supposed benefits bene-fits to be derived from their adoption. The Commission will suggest in joint committee, If desired, in what respect some of the proposed amendments can be abbreviated without impairing their efficiency. Proper resolutions for adoption by the Legislature submitting proposed amendments to the voters of the state will beprepared when such amendments amend-ments have been finally agreed upon by the joint committee. Respectfully submitted, Utah Tax Revision Commission. Article 13, Section 2 What property taxable. ..Definitions. Revenues. All property in the state, not exempt ex-empt under the laws of the United States, or under this constitution, shall be subject to taxation. The Legislature shall provide by law for an annual tax sufficient, with other source of revenue to defray the estimated esti-mated ordinary expenses of the state for each fiscal year. For the purpece of paying the state debt, If any there be, the Legislature shall provide for levying a tax annually, sufficient to pay the annual interest and principal of such debt, within twenty years from the final passage of the law creating cre-ating the debt. Article 13, Section 3 The legislature shall provide by law a uniform and equal rate of assessment assess-ment and taxation on all tangible property in the state, not exempt from taxation, at its value ln money and shall prescribe by general law such regulations as shall secure such valuation for such property, so that every person, including corporations, shall pay a tax on such property In proportion to the money value of his. her or its property. All other property proper-ty commonly known as intangible property, shall be exempt from taxation taxa-tion as property, but the net income therefrom shall be Included ln the income in-come from business done within the state which may be used as the basis or measure of a business franchlst tax; and the net income from intangibles, intang-ibles, when received by individuals subject to personal income tax ln this state, shall be taxed with other income in-come of such individuals. The franchise fran-chise tax based upon or measured by the net income from the business done within the state shall be uniform anc! shall not exceed per cent per annum an-num of the value of the said net Income, In-come, and the tax upon personal Income In-come shall not exceed per cent per annum of the net value thereof. The rate per cent upon personal income may beg raded according to hte value of the income, and a reasonable exemption ex-emption may be allowed, to-wit: not exceeding $ - for a single person, for a married person or the heaa , of a family, and $- for each dependant depen-dant member of the family. Article 13, Section 3 Continued PROVIDED, however, that the pro-, perty of the United States, of the state, counties, cities town, school dis-i tricts municipal corporations and pub- lie libraries, lots with the buildings thereon used exclusively for either religious re-ligious woship or charitable purposes and places of 'burial not held or usod for private use or corporate benefit, shall be exempted from taxation. Ditches, canals, reservoirs, pipes, flumes power plants, transmission lines and pumping plants owned and used by individuals or corporations for irrigating lands owned by such indicate indi-cate or corporations, or the individuals individ-uals thereof, shall not be separate taxed as long as, and to the extent nafthey shall be owned and used exclusively ex-clusively for such purposes; PROy1?" FD FURTHER , that the taxes of the fndigent Poor maybe remitted or Lbaed at such times and in such man-ners man-ners may be provided by law and that the legislature may provide for Se exemption from taxation of homes, i tfmn and personal property. UTS eceeda?wo hundred dollars for personal property. Article 13, Section 4 Taxation of Mines, Mining Property AU Metaliferous mines or mining claims, both placer and rock in place, shall be assessed at $5.00 per acre and in addition thereto at a value based on some multiple or sub-multiple of the net annual proceeds thereof. All other mines of mining claims and other oth-er valuable mineral deposits, including lands containing coal or hydro-carbons, shall be assessed at their full value. All machinery used in mining and all property or surface improvements improve-ments upon or appurtenant to mines or mining claims and the value of any surface use made of mning claims, or mining property for other than mining min-ing purposes, shall be assessed at full value. The State Tax . Commission shall assess and tax all property herein here-in enumerated, provided that the assessment as-sessment of $5.00 per acre and the assessment as-sessment of the value of any use other oth-er than for mining purposes shall be made as provided by law. The valuation of mines by the State Tax Commision shall be taxed at the of property locally assessed throughout through-out the state. The revenue arising therefrom, after deducting the state's share as determined by applying the state general fund levy, shall be distributed dis-tributed as follows: 50 per cent to the counties on the basis of the relative assessment of property locally assessed, assess-ed, and 50 per cent to the subdivisions in which the proerty is located. The proportion allocated to the counties on the basis of assessed valuation shah be credited to the several district school funds with a view to reducing local tax levies for such purposes. Article 13, Section 5 Local Authorities To Levy Local Taxation. Tax-ation. Except as provided in other sections of this article, relating to taxation for school purposes, the legislature shall not impose taxes for the purpose of any county, city, town or othei municipal corporation, but may, by loaw, vest ln the corporate authorities authori-ties thereof respectively the power to assess and collect taxes for all purposes pur-poses of such corporation. Article 13, Section 10 AH Tangible Property Taxable Where Situated. AH corporations-or persons in this state, or doing business herein, shall be subject to taxation for state, county, school, municipal or other purposes on the tangible property owned or used by them within the territorial limits cf the authority levying the tax, reserv ing to the state, however, the exclusive right to tax mines and mining property proper-ty and public utilities and distribute proceed.? thereof as provided in Section 4 of this article. Article 13, Section 11 State Tax Commission and County Boards of Equalization. Until otherwise provided by lav.', there shall be a state Tax Commission consisting' of three members, appointed appoint-ed by the Governor, whose terms of office shall be prescribed by law. The duties of the State Tax Commission shall be to adiust and equalize the valuation of real and personal property among the several counties of the state. Said Commission shall also have power on appeal of ten or more interested taxpayers to review and correct cor-rect any local budget or local tax levy or assessed valuation for the purpose of equalizing the burdens of taxation. It shall also have power on appeal tc review any local bond issue to the ex tent of bringing all the facts involved to the attention of the taxpayers concerned con-cerned with a view of checking unnecessary unnec-essary expenditures. It shall also be ihe duty of the State Tax Commission to administer the business franchise tax and the personal income tax and distribute the proceeds thereof to the State District School fund for the purpose pur-pose of relieving the present tax levy for the support of such fund. There shall also be a county ttiard of equalization in each county eoi-sisting eoi-sisting of the County. Commissioners of said county. The duty of the County Board of Equalization shall be to adjust and equalize the valuation cf the real and personal property withio their respective counties. Both the State Tax Commission and the County Board of Equalization shall also per-fom per-fom such other duties as may be prescribed pres-cribed by law. |