Page:Colorado State Constitution (2020).pdf/93

 a graduated annual specific ownership tax thereon, which tax shall be in lieu of all ad valorem taxes upon such property; except that such laws shall not exempt from ad valorem taxation any such property in process of manufacture or held in storage, or which constitutes the inventory of manufacturers or distributors thereof or dealers therein; and further except that the general assembly shall provide by law for the taxation of mobile homes.

Such graduated annual specific ownership tax shall be in addition to any state registration or license fees imposed on such property, shall be payable to a designated county officer at the same time as any such registration or license fees are payable, and shall be apportioned, distributed, and paid over to the political subdivisions of the state in such manner as may be prescribed by law.

All laws exempting from taxation property other than that specified in this article shall be void.

Source: Entire article added, effective August 1, 1876, see L. 1877, p. 58. Initiated 36: Entire section amended, see L. 37, p. 326. L. 66: Entire section R&RE, see L. 67, p. 3 of the supplement to the 1967 Session Laws. L. 75: Entire section amended, p. 1579.

Cross references: For statutory provisions providing for specific ownership tax, see §§ 42-3-101 to 42-3-111.

Section 7.Municipal taxation by general assembly prohibited. The general assembly shall not impose taxes for the purposes of any county, city, town or other municipal corporation, but may by law, vest in the corporate authorities thereof respectively, the power to assess and collect taxes for all purposes of such corporation.

Source: Entire article added, effective August 1, 1876, see L. 1877, p. 58.

Cross references: For the authority of the general assembly to levy income taxes for the support of the state, see § 17 of this article; for county and municipal sales or use tax, see article 2 of title 29; for powers of municipalities to levy taxes, see part 1 of article 20 of title 31.

Section 8.No county, city, town to be released. No county, city, town or other municipal corporation, the inhabitants thereof, nor the property therein, shall be released or discharged from their or its proportionate share of taxes to be levied for state purposes.

Source: Entire article added, effective August 1, 1876, see L. 1877, p. 58.

Section 9.Relinquishment of power to tax corporations forbidden. The power to tax corporations and corporate property, real and personal, shall never be relinquished or suspended.

Source: Entire article added, effective August 1, 1876, see L. 1877, p. 58.

Section 10.Corporations subject to tax. All corporations in this state, or doing business therein, shall be subject to taxation for state, county, school, municipal and other purposes, on the real and personal property owned or used by them within the territorial limits of the authority Colorado Revised Statutes 2020