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Part Two The Colorado Constitution and Commentary, Art.X Revenue

Dale A. Oesterle, Richard B. Collins

From: The Colorado State Constitution

Richard B. Collins, Dale A. Oesterle

From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 18 May 2021

The constitutional convention’s original article on revenue was sensible and thrifty. The general assembly could only spend what it could raise within the year, all taxes had to be uniform upon the same class of subjects, valuation of property for tax purposes had to be “just” and “equalized” statewide and countywide and property tax rates were capped. There were but two minor tax exemptions for businesses: Mines showing no profits were exempt until 1886, and ditches, canals and flumes used in irrigation could not be separately taxed. There was also a declaration...
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