Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1908-10-15

Proposed Amendment to the Constitu-
tion relating to Revenue and Finance.
Proposed Amendment to the Constitu-
ton Of the State of South Dakota.
That Article XI of the constitution of
the State Of South Dakota be amended so
as to read as follows:
Article XII.
Revenue and Finance.
/. The Legislature shall provide for
ordinary expenses of the state by an
annual tax, as nearly uniform from year
to year as practicable. And for the pur-
pose of paying the public debt, the legis-
iature shall provide for levying a tax
annually, sufficient TO pay the annual
interest and the principal of such debt
within ten years from the final passage OF
the law creating the debt
2 All taxes shall be uniform on the
same class of subjects and shall be levied
and collected for public purposes:
S 3. The power to tax corporations and
corporate property shall not be surren-
dered or suspended by any contract or
grant to which the state shall be party.
4. The legislature shall classify in
heTitances, deviSes, legacieS and requests
in respect to the recipients thereof, and
provide for graduated or progressive tax
thereon, with such exemptions TO the sur
viving husband or wife, children and
other relatives as it may prescribe.
5. The legislature shall classify in
comes in respect to the recipients thereof,
and provide for a graduated or progress
i've tax thereon with such exemptions as
it may prescribe.
and of the state, county and municipal
corporations, both real and personal, shall
be exempt from taxation.
7. The legislature shall by general
law exempt from taxation. property used
exclusively for agricultural and horticul-
tural societies, for school, religious, in
Guiding parsonage and presidents house
of sectarian colleges, cemetery and charit-
able purposes and personal property to
any amount not exceeding in value two
hundred dollars for each individual liable
to taxation.
s. All laws exempting property from
taxation except as provided for in this
Article shall be void.
8. No tax shall be levied except in
pursuance of law which shall distinctly
state the object of the same, to which the
tax only shall be applied.
10. All taxes levied and collected for
state purposes shall be paid into the state
treasury. No indebtedness shall be in
Cured or money expended by the state
and no warrant shall be drawn UPON the
state treasurer, except in pursuance of an
appropriation for the specific purpose first
made. The legislature shall provide by
ton into effect.
IL. The legislature may vest the cor
porate authorities of cities, towns and viii
lagos with power to make local improve
ments by special taxation of contiguous
property or otherwise. For all corporate
purposes all municipal corporations may
be vested with authority to assess and
collect taxes; but such tax shall be uni
form on the same class of subjects.
IL. The making of profit, directly or
indirectly, out of state, county, city, town
or school district money, or using the
same for any purpose not authorized by
law.
-. An acurate statement of the re-
ceipts and expenditures of the public
money shall be published annually, ia
such manner as the Legislature may pro
vide.
'Shall the above amendment to the con-
stitution in relation to revenue and fin
ance. be approved and ratitied!'
/"