TAXING HIGHWAY TRANSPORTATION COMPANIES

Assembly Constitutional Amendment 37. Adds Section 15 to Article XIII of Constitution. Taxes companies, owning or operating, as common carriers upon public highways between fixed termini or over a regular route, jitney busses, stages or motor vehicles tor transporting persons, four and one-quarter per cent, and those operating trucks tor transporting property five per cent, of their gross receipts; exempts property so used from all other taxes and licenses; appropriates halt of such taxes to state and halt to counties, exclusively for maintaining and repairing public highways; empowers legislature to change such percentages