169Fiscal year170Property exempt from taxation -- Cities may exempt factories for five years171State tax to be levied -- Taxes to be levied and collected for public purposes only and by general laws, and to be uniform within classes -- Classification of property for taxation -- Bonds exempt -- Referendum on act classifying property172Property to be assessed at fair cash value -- Punishment of assessor for willful error172AAssessment for ad valorem tax purposes of agricultural and horticultural land172BProperty assessment or reassessment moratoriums173Officer receiving profit on public funds guilty of felony174Property to be taxed according to value, whether corporate or individual -- Income, license, and franchise taxes175Power to tax property not to be surrendered176Commonwealth not to assume debt of county or city -- Exception177Commonwealth not to lend credit, nor become stockholder in corporation, nor build railroad or highway178Law for borrowing money to specify purpose, for which alone money may be used179Political subdivision not to become stockholder in corporation, or appropriate money or lend credit to any person, except for roads or State Capitol180Act or ordinance levying any tax must specify purpose, for which alone money may be used181General Assembly may not levy tax for political subdivision, but may confer power -- License and excise taxes -- City taxes in lieu of ad valorem taxes182Railroad taxes -- How assessed and collected