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Ballot Question
No 4.
An Act relating to Income Taxes and their allocation and amending Section 17, Article X, of the State Constitution, and requiring the General Assembly to levy income taxes at not less than now provided in Sections 2, 5, and 7, Chapter 175, Session Laws of 1937; permitting taxation of intangibles; and allocating all revenues derived from income taxes for the purpose of replacing the property tax to the extent provided in Section 36, Chapter 175, Session Laws of 1937.