City of Denver v. Tax Research Bureau

THIS proceeding involves the ad valorem tax status of intangible personal property as defined by House Bill No. 148, Laws of 1937, for the year 1937.

At the 1936 general election the people added to article X of the Constitution, section 17 which reads as follows: "The General Assembly may levy income taxes, either graduated or proportional, or both graduated and proportional, for the support of the state, or any political subdivision thereof, or for public schools, and may, inthe administration of an income tax law, provide for special classified or limited taxation or the exemption…