Ohio Government Bond Tax Exemption Amendment (1905)
The Ohio Government Bond Tax Exemption Amendment, also known as Issue 2, was on the November 7, 1905 ballot in Ohio as a legislatively-referred constitutional amendment, where it was approved. This amendment modified the Ohio Constitution to exempt state, county, township, municipal and school bonds from taxation.
|Ohio Amendment 2 (1905)|
Note: A majority of the total 961,505 votes in the entire election (480,753 votes) were needed for the measure to be approved
Election results via: Ohio Secretary of State (1905) (p. 156 & 461)
Text of measure
The language that appeared on the ballot:
|“||Exemption of State, County, Township, Municipal and School Bonds from Taxation Amendment||”|
FINANCE AND TAXATION.
Section 2. Laws shall be passed, taxing by a uniform rule, all moneys, credits, investments in bonds, stocks, joint stock companies, or otherwise; and also all real and personal property according to its true value in money, excepting bonds of the state of Ohio, bonds of any city, village, hamlet, county or township in this state, and bonds issued in behalf of the public schools of Ohio and the means of instruction in connection therewith, which bonds shall be exempt from taxation; but burying grounds, public school houses, houses used exclusively for public worship, institutions of purely public charity, public property used exclusively for any public purpose, and personal property, to an amount not exceeding in value two hundred dollars for each individual, may, by general laws, be exempted from taxation; but all such laws shall be subject to alteration or repeal; and the value of all property so exempted, shall, from time to lime, be ascertained and published as may be directed by law.
This amendment shall be in force and take effect on and after the first day of January, 1906.
Path to the ballot
- Lewis C. Laylin, "Annual Report of the Secretary of the State" (Ohio, 1905)
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.