Article 12.
Revenue and Taxation

Section 1(a).

The Legislative Assembly may levy and collect taxes upon incomes of persons, firms and corporations for the purpose of replacing property taxes. These income taxes may be graduated and progressive and shall be distributed to the public schools and to the State Government.

Summary: New section, providing for levy and collection of income tax.

Election Date: November 6, 1934

Votes For Ratification: 106,010

Votes Against Ratification: 60,912

Percent for Ratification: 64%

Percent Against Ratification: 36%

Notes:

Amendment Source: 1933 Chapter 83

Effective Date Source: https://archive.org/details/constitutionalam00montrich/page/8/mode/2up?view=theater