REFERENCE TITLE: annual tax; technical correction

State of Arizona Senate Fiftieth Legislature First Regular Session 2011

SCR 1022

Introduced by Senator Nelson

 

A CONCURRENT RESOLUTION

 

Proposing an amendment to the constitution of Arizona; amending article IX, section 3, Constitution of Arizona; relating to annual tax.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it resolved by the Senate of the State of Arizona, the House of Representatives concurring:

1.  Article IX, section 3, Constitution of Arizona, is proposed to be amended as follows if approved by the voters and on proclamation of the Governor:

START_STATUTE3.  Annual tax; purposes; amount; tax laws; payment of taxes into state treasury

Section 3.  The legislature shall provide by law for an annual tax sufficient, with other sources of revenue, to defray the necessary ordinary expenses of the state for each fiscal year.  And for the purpose of paying the state debt, if there be any, the legislature shall provide for levying an annual tax sufficient to pay the annual interest and the principal of such debt within twenty-five years from the final passage of the law creating the debt.

No tax shall be levied except in pursuance of law, and every law imposing a tax shall state distinctly the object of the tax, to which object only it shall be applied.

All taxes levied and collected for state purposes shall be paid into the state treasury in money only. END_STATUTE

2.  The Secretary of State shall submit this proposition to the voters at the next general election as provided by article XXI, Constitution of Arizona.