Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-10-27

Inc next amendment proposed 10
our State constitution which will
endeavor to explain is that re!at,
ing to the exemption of certain in
dustries from local taxaNitIN for
not exceeding five years. The cleo
ton ticket reads:
AGAINST-(th e same)
The exact language Of the para
graph proposed to be added to cur
Consultation is as follows;
amy person, natural or artificial,
resident of this State, who may
after January Est, 1924, build,
equip, establish or enlarge a plant
for the manufacture or processing
of cotton, wool, linen, silk, dbber,
clay, wood, metal, metallic or aon-
metallic, mineral or combination of
same, creamery or cheese plants, or
for the production or development
of electricity, may, as to such build
ing, enlargement, or equipment, be
exempt from all county, incorporaU-
ed town or city ad valorem taxes
for period of time not exceeding
five (5) years from the date begin
ming of the building, enlargement
or equipment of such plants. The
Legislature is herewith empowered
to make such provisions for the
operation of this paragraph by APP
propriate legislation, provided such
exemptions shall be approved by a
majority Of the electors voting in
such county, incorporated town or
city proposing such exemption"
Now taking up the paragraph line
gy line:
1. ANY person, natural or arti.
ficial" that is to say, any person,
association, firm, partnership or
corporation is, in law, an artificial
person.
2. "a resident of this State":
that is, in order to come under the
provision and get the benefits Of this
paragraph, the person, firm or ccr-
poration must be a resident of
Georgia; if it is a person he must
live here; if a firm, etc., their home
office must be here; if corpora
tion it must be incorporated under
the laws of Georgia and maintain
its home office here; which would
make all personal property belong
ing to such corporatin (and its other
real estate located in the State)
subject to be taxed in Georgia. and
the same would not be exempt under
this paragraph.
8. "who may after January 1st,
1922; that is, the provis on, if rati-
fled, will be retroactive to the first
of January of this year; not as to
the exemption from taxes, which
will commence at the time herein
after explained, but when the ex-
emption becomes effective it will APP
ply only to buildings or equipment
constructed or installed since Janu-
airy 1st, 1924.
A. "build, equip, establish OF en-
large plant for the manufacture
or processing of cotton, wool, linen
rubber, clay, wool, metal, metallic
or non-metallic menefal or combi-
nation of same, creamery or cneescI
plant, or for the production or
development of electricity; that is,
only buildings or equipment which
were constructed or installed for
the manufacture, production or de-
velopment of one o. the specially
named raw products or resources
can be exempt under this paragraph ::
all of which need to be encouraged
ir this State.
5. "May, as to such building en-
iargement or equipment" only the
building, not the land on which it is
situated; the land will continue to
be taxed at the regular rate as all
other property; if the building was
already in existence, but it is en-
larged, then this enlargement Only
land not the main building) would
be exempt; mere repairs would not
be considered as an enlargement; or
if the building was equipped, that is,
the machinery installed, after jan
uary LIST, 1924, then only such equip
ment would be exempt.
6. "be exempt from all county,
Incorporated town or city and valo-
rem taxes; in other words, there
would be no exemption from State
taxes, they must be paid, but there
may be an exemption from local
taxes, county and munieipsl.
Continued On Page Fiyel !