||PROPOSED AMENDMENT TO THE CONSTITUTION OF OHIO.
ARTICLE XII, SECTION 2.
PROPOSING TO AMEND SECTION 2 OF ARTICLE XII, AND TO REPEAL SECTION 3 OF ARTICLE XII OF THE CONSTITUTION OF THE STATE OF OHIO, RELATING TO TAXATION.
Be it resolved by the General Assembly of the state of Ohio, three-fifths of the members elected to each house concurring therein:
That there shall be submitted to the electors of the state, for their approval or rejection, at the election to be held on the first Tuesday after the first Monday in November, 1929, a proposal to amend section 2 of article XII and to repeal section 3 of article XII or the constitution of the state of Ohio; said section 2 of article XII, when amended, to read as follows:
Sec. 2. No property, taxed according to value, shall be so taxed in excess of one and one-half per cent of its true value in money for all state and local purposes, but laws may be passed authorizing additional taxes to be levied outside of such limitation, either when approved by at least a majority of the electors of the taxing district voting on such proposition, or when provided for by the charter of a municipal corporation. Land and improvements thereon shall be taxed by uniform rule according to value. All bonds outstanding on the first day of January, 1913, of the state of Ohio or of any city, village, hamlet, county or township in this state, or which have been issued in behalf of the public schools of Ohio and the means of instruction in connection therewith, which bonds were outstanding on the first day of January, 1913 and all bonds issued for the world war compensation fund, shall be exempt from taxation, and, without limiting the general power, subject to the provisions of article I of this constitution, to determine the subjects and methods of taxation or exemptions therefrom, general laws may be passed to exempt burying grounds, public school houses, houses used exclusively for public worship, institutions used exclusively for charitable purposes, and public property used exclusively for any public purpose, but all such laws shall be subject to alteration or repeal; and the value of all property so exempted shall, from time to time, be ascertained and published as may be directed by law.
If the votes for the proposal shall exceed those against it, the amendment shall go into effect January 1, 1931, and original sections 2 and 3 of article XII of the constitution of the state of Ohio shall be repealed and annulled; but all levies for interest and sinking fund or retirement of bonds issued, or authorized prior to said date which are not subject to the statutory limitation of fifteen mills on the aggregate rate of taxation then in force, and all tax levies provided for by the conservancy act of Ohio and the sanitary district act of Ohio, as said laws are in force on said date, for the purposes of conservancy districts and sanitary districts organized prior to said date, and all tax levies for other purposes authorized by the General Assembly prior to said date or by vote of the electors of any political subdivision of the state, pursuant to laws in force on said date, to be made outside said statutory limitation for and during a period of years extending beyond said date, or provided for by the charier of a municipal corporation pursuant to laws in force on said date, shall not be subject to the limitation of fifteen mills established by said amendment; and levies for interest and sinking fund or retirement of bonds issued or authorized prior to said date, shall be outside of said limitation to the extent required to equalize any reduction in the amount of taxable property available for such levies, or in the rate imposed upon such property, effected by laws thereafter passed.
Be it further resolved, That at the election, above referred to, the ballots to be used for the submission of this amendment shall set forth the full text of article XII, section 2, as proposed to be amended and the schedule thereof.
Adopted March 19, 1929.