Article X, Finance
8 sections · 0 paragraphs in this article.
Ind. Const. art. X, § 1 Section 1
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(a) The General Assembly shall provide, by law, for a uniform and equal rate of property assessment and taxation and shall prescribe regulations to secure a just valuation for taxation of all property, both real and personal. The General Assembly may exempt from property taxation…
Ind. Const. art. X, § 2 Section 2
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All the revenues derived from the sale of any of the public works belonging to the State, and from the net annual income thereof, and any surplus that may, at any time, remain in the Treasury, derived from taxation for general State purposes, after the payment of the ordinary exp…
Ind. Const. art. X, § 3 Section 3
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No money shall be drawn from the Treasury, but in pursuance of appropriations made by law.
Ind. Const. art. X, § 4 Section 4
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An accurate statement of the receipts and expenditures of the public money, shall be published with the laws of each regular session of the General Assembly.
Ind. Const. art. X, § 5 No law shall authorize any debt to be contracted, on behalf of the State, except in the following cases
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No law shall authorize any debt to be contracted, on behalf of the State, except in the following cases: to meet casual deficits in the revenue; to pay the interest on the State Debt; to repel invasion, suppress insurrection, or, if hostilities be threatened, provide for the publ…
Ind. Const. art. X, § 6 No county shall subscribe for stock in any incorporated company, unless the same be paid for at the time of such subscription
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No county shall subscribe for stock in any incorporated company, unless the same be paid for at the time of such subscription; nor shall any county loan its credit to any incorporated company, nor borrow money for the purpose of taking stock in any such company; nor shall the Gen…
Ind. Const. art. X, § 7 Section 7
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No law or resolution shall ever be passed by the General Assembly of the State of Indiana, that shall recognize any liability of this State to pay or redeem any certificate of stock issued in pursuance of an act entitled "An Act to provide for the funded debt of the State of Indi…
Ind. Const. art. X, § 8 Section 8
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The general assembly may levy and collect a tax upon income, from whatever source derived, at such rates, in such manner, and with such exemptions as may be prescribed by law. (Section 8 was added November 8, 1932).