Section 1b. Portion of Occupation Tax Placed in Veterans' Compensation Fund

Portion of Occupation Tax Placed in Veterans' Compensation Fund

Notwithstanding the provisions of Section 1A of Article 9 of the constitution, a portion of the proceeds of the occupation tax on the valuation of all ores mined or produced to be paid by every person, co-partnership, company, joint stock company, corporation, or association however or for whatever purpose organized, engaged in the business of mining or producing iron ore or other ores in this state, equal to the proceeds of a tax of one per cent on such valuation levied in the manner provided by law, shall be paid into the veterans compensation fund before the remaining funds derived from the occupation tax are apportioned as provided by Section 1A of Article 9 of the constitution.

This amendment when approved by the people and proclaimed, all as provided by law, shall be effective as of the first day of January, 1949. In the event that the provisions of the preceding sentence shall be held to contravene the constitution of the United States of America, the remaining provisions of this section shall stand as valid and continue in full force and effect.

This section of the constitution shall expire on December 31, 1958, except as to the proceeds of the occupation taxes theretofore levied and thereafter collected.