Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-10-22
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; pTOp1ded
that growing crops, property used exclusively
for public schools and such as 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 part of the realty; and
pTOridel further. that railroads shall be taxed as
provided in Section Ten OF this article; and,
prouided further that the Legislature may pro-
vide for the exemption 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 n deduction from credits Of
debts due to bona fde residents Of this State.
Double taxation in any form is prohibited.
SEC. s. The Legislature shall, by law, require
each taxpayer in 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, OF district in which it is situated, in the
manner provided by law. Every corporation
and person owning or operating 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
half per cent upon the gross earnings, earned
within this State, of such railroad, for the year
ending upon the thirty-first day of December
next preceding, which tax shall be in lieu OF
all other State and county taxes upon the fran
chise, business, right of way, roadway, roafbed,
rails rolling stock, fences, stations and their
appurtenances and upon ferry boats, when OPP
Grated as part of such railroad, and upon the
shares of the capital stock, and upon the mort
cages deeds of trust, contracts or other 0bliga-
ton by which 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-frst day OF December last
preceding, of all railroads, shall be, annually,
before the first day of May thereafter, dscertained
and declared by the State Board of Equalization,
under such rules and regulations as may be pre-
scribed by said Board; prOridod, 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
nual earnings thereof shall be ascertained and
determined Dy taxing
First 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 snail
be ascertained by apportioning such earnings
between this State and other States or Terrific
ries in the proportion which the number OF
miles of such railroad situated in this State and
used in making such earnings, bears TO he
whole number of miles thereof, by the use oil
which such earnings have been made. The pro
portion of interstate earnings thus sscertained
shall be 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 ascertainlne
the proportion of interstate earnings 10 pc added
| 10 the earnings made wholly within this State
all railroads operated as one system snail q
| treated as one road. One-third OF the tax paid
| by corporations or persons owning or operating
| railroads under the provisions OF this seesioI
shall become part of the General Fund OF this
State and two thiE is thereof shall be pad u
| the county or counties in which said raiireed \
situated, in proportion 10 the length OF TIE TAI
road operated in the several counties. For IN,
| purposes OF this section consolidated oisy anc
| county shall be treated as q county. Any corpo
| ration, association, partnership, person or per
1 sons, pay VIZ
| tax herein provided. when the Same Shall be
| come due or within thirty daystheree after, shall
| be deemed TO have waived their right 70 operst
| their railroads within this State. The take
herein provided for, together with s2cA penaltie
as the Legislature may impose for the non-pay
raent thereof shall be e lien upon the propert
| hereinbefore in this section designated, and ma
be en- forced in such manner as The Legislator
! NAV By law prescribe. All railroads so far 9
She same are situate2 within the boundaries
any common school district shall be subject
an al valorem tax for school purposes voted I
the electors of the district at special elecasc
held for that purpose the same as other PIC
| erty situated within the district, anything
this article to the contrary notwithstandin
And all railroads, as far as they are SITUATE
within the boundaries OF any Incorporated ei
or town, shah be subject to an ad valecem t.
for municipal purposes the same as ether pro
erty situated therein, anything in tbs article
the contrary Notwithstanding.
Bee. II. Income taxes may &c assessed al
collected from persons, compositions, joint sto
I associations or companies. resident or dol
b business in this State, or any one or more
|, them, in such cases and amounts and In su
( manner as shall be prescribed by law. No Coz
within this State shah have powsr, by inlui