Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-10-12
AMENDMENT NUMBER ONE.

SECTION L. All property in the State, except
railroads, not exempt under the laws of the
United States, shall be taxed in proportion to its
value, to be ascertained as provided by law.
The word property, as used in this article and
section, is hereby declared to include moneys,
credits, bonds, stocks, dues, franchises and all
other matters and things, real, personal and
mixed, capable of private ownership; prorfded,
that growing crops, property used exclusively
for public schools, and such az may belong to
the United States, this State, or any county or
municipal corporation within this State, shall
be exempt from taxation. Growing vines and
fruit trees shall be deemed to be and shall be
assessed and taxed as a part of the realty; and,
prorideS further, that railroads shall be taxed as
provided il Section Ten of this article; and,
prorided further, that the Legislature may pro-
vide for the emptio from taxation OF ships
and vessels owned and registered or enrolled IN
this state, or may tax such ships and vessels on
their gross or net earnings, IN lieu Of an ad val
orem tax. The Legislature may also provide,
except in case of credits secured by mortgage
or trust deed, for a deduction from credits of
debts due TO bona 6de residents of this State.
Double taxation in any form is prohibited.
SEC. s. The Legislature shall, by law, require
each taxpayer III this State to make and deliver
to the County Assessor, annually, a statement
under oath, setting forth specifically all prop
erty, real and personal, except railroad property,
as defined in Section Ten OF this article, owned
py such taxpayer, or in his possession or under
his control, at twelve O'Clock meridian on the
first Monday in March.
SEC. 10. All property, except railroad prop
erty, as hereinafter provided, shall be assessed
in the county city, city and county, town, town.
ship, or district in which it is situated, in the
manner provided by law. Every corporation
and person owning or operating q railroad, or
any portion thereof, in this State, shall, on or
before the first day of July of each year, pay to
the State Treasurer an annual tax of two and
q half per cent upon the gross earnings, earned
within this State, of such railroad, for the year
apdipU r1pnp the thirtV-frSt dav nf Dnrpm her
next preceding, which tax shall be in lieu of
all other State and county taxes upon the fran
chise, business, right OF way, roadway, roadbed,
rails, rolling stock, fences, stations and their
appurtenances, and upon ferryboats, when OPP
Grated as a part of such railroad, and upon the
shares of the capital stock, and upon the mort
cages, deeds of trust, contracts or other obliga-
ton by which a debt is secured upon such prop
erty. All other property belonging to such cor
poration or person shall be assessed and taxed
as other property is assessed and taxed. The
gross annual earnings earned during the year
ending on the thirty-irst day of December last
preceding, of all railroads, shall be, annually,
before the first day of May aseertained
and declared by the State Board of Equalization,
under such rules and regulations as may be pre-
scribed by said Board; PROVIDED, however, that
the Legislature may at any time pass laws pre-
scribing said rules and regulations. In all cases
where railroads are situated partly within this
State and partly without this State, the gross an
pual earnings thereof shall be escerta1ned and
determined by taking;
FFra-The gross earnings which, during the
year last preceding, have been earned wholly
within this state.
~Second-The gross earnings which, during the
same year, have been earned partly within this
State and partly without this state, which shall
be ascertained by apportioning such earnings
betw cen this State and other States or Terrific
ries. In the proportion which the number of
~ ;lag If cr-oh railroad Sttu0tpd in this Stole and
used in making such earnings, bears to he
who'll number of miles thereof. by the use OF
which such earnings have been made. The pro-
norton of interstate earnings thus ascertained
shall he added to the earnings made wholly
within the State, and the total thus obtained
shall be taken and deemed to be the gross earn
ings of such railroads for all purposes of assess
ment and taxation. For every purpose OF this
section, except for the purpose OF ascerta1ntng
the proportion Of interstate earnings to be added
to the earnings made wholly within this State,
all railroads operated as one system shall be
treated as one road. One-third of the tax paid
by corporations or persons owning or operating
railroads under the provisions OF this section
shall become part of the General FUND OF this
State, and two thirls thereof shall be paid to
the county or counties in which said railroad ts
situated, in proportion to the length OF the rail-
road operated in the several counties. For the
purposes of this section a consolidated city and
county shall be treated es a county. ANY coFpo-
ration, association, partnership, person or per-
sons, unlawfully failing or refusing to pay the
tax herein provided. Wnen tEe same slaAi De
come due. or within thirty days thereafter, shall
be deemed to have waived their right to operate
their railroads within this State. The taxes
herein provided for, together with such penalties
as the Legislature may impose for the non.pay-
| ment thereof. shall be a lien upon the property
| hereinbefore in this section designated, and may
be enforced in such manner as the Legislature
NAV by law prescribe. All railroads, SO far as
| the same are situated within the boundaries OF
| any common school district, shall be subject to
an ad valorem tax for school purposes voted by
the electors OF the district, at g special election
| held for that purpose, the same as other prop
eTty situated within the district, anything In
| this article to the contrary Notwithstanding
| And all railroads, as far as they are situated
! within the boundaries Of any incorporated city
| or town, shall be subject to an ad valorem tai
for municipal purposes the same as other prop
ersy situated therein, anything in this article Il
the contrary Notwithstanding.
SEC. H. Income taxes may be assessed an.
collected from persons. corporations, joint stool
associations or companies, resident or DOM
business in this State, or any one or more o
them, in such cases and amounts and in sici
manner as shall be prescribed BIZ law. No Cour
J within this State shall have p3we-, by inlune