Clarke courier. [volume] (Berryville, Va.) 1869-1997, 1902-06-18
The
Constitutional
Convention.
ARTICLE NJ.
TAXATION AND FINANCE.

hereinafter provided, shall be taxed;
all taxes whatsoever, whether State,
local, or municipal, shall be uniform
upon the same class of subjects with
IN the territorial limits of the author
ity levyiug the tax, and shall be
levied and collected under general
laws.
Sec. ,. Except as hereinafter
provided, all assessments Of the value
of real estate and tangible personal
property, shall be at their fair market
value, to be ascertained as prescribed
by law. The General Assembly may
allow "a lower rate of taxation to be
imposed for a period Of years by
city or town upon such land as may
be added to or taken into the corpo-
rate limits of such city or town, than
is imposed on such property within
the limits of said city or town at the
time such land is added Nothing
in this Constitution shall prevent the
General Assembly, in its discretion
at any time after the first day of
January, 1913, from segregating for
the purposes of taxation, the several
kinds of classes of property so as to
specify aud determine upon what
subjects State taxes, aud upon what
subjects local taxes may he livied.
Sec 3. The General Assembly NAV
levy tax ON incomes in excess of six
hundred dollars per aunum; and may
levy license tax upon any business
which cannot be reached by the 0d
r0tOrem system; and may impose fran
chise taxes, aud IN imposing fran
chise tax, may,in its discretion. make
the same in lien of taxes upon other
property, IN whole or in part, of "a
transportation, industrial, or COM
mercial, corporation. And whenever
franchise tax shall be imposed upon
u corporation doing business in this
State, or whenever all the capital,
however, invested, of corporation
chartered under the laws of this
State, shall be taxed, the shares of
stock issued by any such corporation,
the same representing the business
or capital SO taxed, shall not be fur
ther taxed. Ne city or town shall
impose any tax or assessment upon
abutting land owners for street or
other public local improvements,
except for making aud improving the
walkways upon then existing streets,
and improving and paving then exist
ing alleys, aud for either the con
structlOn, or otherwise the use of
sewers; aud the same, when imposed,
shall not be in excess of the peculiar
benefits resulting therefrom to such
abutting land owners. Except in
cities and towns, no sucl taxes or
assessments, on abutting land owners.
Except in cities and towns, no such
taxes or assessments, on abutting
land owners, for local public improve
ments shall DE imposed.
Sec. 1. The General Assembly
shall provide for reassassment of
real estate, except that of railway and
canal corporations, in the Year 1905,
and every fifth year thereafter.
Sec. 5. The General Assembly
shall provide by law for the special
and separate assessment of al coal
aud other mineral land; but until
such other special assessment is made,
such land shall be assessed under ex-
isting laws.
Sec. 6. The General Assembly
shall levy State capitation tax of,
and not exceeding, one dollar and
fifty cents per annum on every male
resident of this State not less than
twenty one years of age, except those
pensioned by this State for military
services; one dollar of which shall
be applied exclusively in aid of the
public free schools, in proportion to
the school population, and the
remaining fifty cents of which shall
be returned and paid by the State
into the treasury of the county or
city in which it WAS collected. to be
appropriated by the proper county or
city authorities to such county or city
purposes as they shall respectively
determine; but said State capitation
tax shall not be in lieu upon, nor col
lected by legal process from, the
personal property which may be
exempt from levy or distress under
poor debtors law. And the General
Assembly may authorize the board of
supervisors of any county, or the
common council of any city or town
to levy an additional capitation tax