§ 1.
Annual tax.
The Legislature shall provide for an annual tax, sufficient to defray the
estimated ordinary expenses of the state for each year, not to exceed in any one year two mills on
each dollar of the assessed valuation of all taxable property in the state, to be ascertained by the
last assessment made for state and county purposes.
And whenever it shall appear that such ordinary expenses shall exceed the income of the state
for such year, the Legislature shall provide for levying a tax for the ensuing year, sufficient, with
other sources of income, to pay the deficiency of the preceding year, together with the estimated
expenses of such ensuing year. And for the purpose of paying the public debt, the Legislature shall
provide for levying a tax annually, sufficient to pay the annual interest and the principal of such debt
within ten years from the final passage of the law creating the debt; provided, that the annual tax for
the payment of the interest and principal of the public debt shall not exceed in any one year two mills
on each dollar of the assessed valuation of all taxable property in the state, as ascertained by the last
assessment made for the state and county purposes.
Provided, that for the purpose of establishing, installing, maintaining and operating a hard fiber
twine and cordage plant at the state penitentiary at Sioux Falls, South Dakota, the Legislature shall
provide for a tax for the year 1907 of not to exceed one and one-half mills on each dollar of the
assessed valuation of all taxable property in the state, as ascertained by the last assessment made for
state and county purposes.
History: Amendment proposed by SL 1905, ch 71, approved Nov., 1906.