TAXATION OF TOLL BRIDGES ACQUIRED BY STATE

Senate Constitutional Amendment 45. Amends Section 1 of Article XIII of Constitution. Declares toll bridge property, acquired by State or governmental agency thereof, continues subject to taxation by county, municipality or political subdivision, wherein same is located, during life of original franchise, and State shall pay amounts due under franchise to county or city and county granting same; but whenever State ceases to collect tolls upon such property, and it becomes free to public use, it shall be exempt from taxation and thereafter State shall make no payments under franchise provisions