The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1913-07-15
Proposal No. 8.
On Revenue And n As
Amended.

The subcommittee appointed 10
consider revenue and taxation, begs
leave to submit the following report:
h recommendation of this com
mittee does not recommend any ma
teria1 change in the action OF the
commission except in the respects in
dicated below. All other changes
in verbage and are not conceived to
materially change h action of the
commission The only hange which
are material are as follows:
|. Your committee recommends
that there should be inserted in Sec
ton 2. after the words authority
levyinS the tax" the following: pro
vided that no income shall be taxed
where the property from which the
income is derived is taxed"
z. In Article VII, Of the proposed
amendment as passed on its second
reading, after the words Ito pay in
terest ANNUALLY your committee rec
vide therein for the levy of taxes for
the payment of the principal by the
date such debt natures"
The recommendation of your com
mittee is that the following be sub
stituted as Article Y Of the Constitu-
ton, and that Article V in the pres
ent Constitution, and Section 9 of r.
ticle VII be ab~rogated, to-wit:
Article t-Reycxlue And Taxation.
Section l. Tax shall be imposed
only for public purposes by and with
the consent Of the people or their
representatives in the General AS
Sembly.
Sec. 3. The General Assembly NAV.
consistent with natural justices and
equity, classify subjects of taxation;
and all taxes shall be uniform upon
\ the "a m c1acc ~ - 49,
territorial limits Of the authority
. levylng the tax. provided that no in
come shau be taxed when the proper
" from which the income is derived
is taxed, and consistent with natural
1astice and equity, the Genera As
semoiy may separate subjects OF tax
a1oh 1or State and local purposes.
:. sec. 5. If the subjects Of taxation
e oe separated for State and local pur-
e poses IN a manner not allowed by
o ta"' Immediately prior to the adop-
uon Of his no part OF
the ad yalorem tax on real estate ex-
Z cept the real estate of public service
v corporations, shall be applied to State
q
n Sec. 4 The power to tax shall not
~. ~su.fehoered. suspended, or con
e .iacteo away, but property belonging
@ 10 the State, a county. or a munich
n penoity snail De exempt from taxation
ana the General Assembly may exemp,
e cemeteries, held and used 70.
educational. scientific. literary. Chart.
aoAe' or religious and also
peISonal ope of a natural per
son OF a value not exceeding three
hundred dollars $500. eo).
Pee. .. The ad valorem taxes on
"a estate or personal property shall
no, exceed. for ali State and count,
purposes, nifty cents so cents pei
a.nuih on the one-hundred-dolal
M~eieo."e) valuation Of such
uh1ess a greater rate be approved b,
q majority OF those who shall vot,
Al eiecnon held thereon. The az
n sdlorem taxes collected or real +s
.dte and personal property by cite.
ana towns shall not exceed. for al
purposes, seventy-hve cents us cents
=, per annum on the red dolla.
t$1oO,06) assessed v~aluario. unless
q sIeater rate be approved by a ma
&c jor1ty OF those who shall vote at a,
:. election held thereon. Provided
that those limitations on the rate o
!. TAXATION shall not apply to taxes ne
cessary to pay debts contracted prlo
's 70 the adoption OF this
Aenf~->