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Ballot Question
No. 1
An Act amending Article X of the Constitution of the State of Colorado by adding thereto a new Section numbered 19 authorizing the General Assembly to provide by law for levy of an Ad Valorem Tax of not less than Five ($5.00) Dollars nor more than Ten ($10.00) Dollars per thousand on actual value of all intangible, personal property owned, held or secured by property within the State of Colorado, defining intangible personal property and providing for certain exemptions. Appropriating and allocating all funds derived from such tax, First to Direct Relief, Second to Match Federal Grants in Aid in Colorado, and Third, to replacement of Ad Valorem Taxes on Farms and Homes occupied by their owners, and for Educational Purposes.
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