The Redwood gazette., 1902-10-08

= county,. Inc leg1Sldture may Dy SeueldA
or special law authorize municipal cor
pOratlons to levy assessments Tor loca1
improvements upon the property fronting
upon such improvements, or upon proper
tyy benefited thereby, or both, without re-
gard 20 a cash valua tion in sucn manner
as the legislature may prescribe. There
may be levied and collected an annual
tax upon franchises granted by publc
authority, in addition to the tax on the
real property and other personal properly
of the person or corporation holding such
franchise; or in lieu of tax on sucn
franchise alone. or IN lieu of a tax On
such franchise and the personal properly
used in connection with the exercise OF
the same. there may be imposed sucn taS
Upon the gross earnings of the person
or corporation holding such franchlse as
the legislature may determine; and salo
tax shall be apportioned between tne
state, counties and municipalities WheIe
such franchise is exercised. in the same
manner as real estate taxes are appoi-
toned. There may be levied and col
per centum upon the estates of decedents,
above fixed and specified sum, Wnlch Ic
tax may be uniform or graded or pro
gressive. There may be !eVlcd ana o, coa- o.
= lected registry tax upon all real es-
tate mortgages which shall be IN lleu ol
all other taxes on the debt secured ny
such mortgages; and tax upon tne ~
come from all credits owned by persons
or corporations, as such credits are now
or may be hereafter defined by law, anu
also on the income arising from al per
of all persons or corporations above me
sum Of 81 600 per annum, not arlslllS
from such credits or from such person;al p;sa
ed Y this ffa a4e speh tax
shall be uniform throughout tne soa.e, a.
and may be graded or progressive or
both, and shall be levied at a rate noo
to exceed 10 per centum upon the income
from such credits, and upon the lneoIne
from personal property, and at rate ray.
not exceeding 4 per centum upon ona sncn taal
ing all real and personal property; pro
vded that credits and personal properly
shall not be subject to other ta1a.lon t.n,,i
than the income Or reglstry caing .aH ne s1ch
income or registry tax shall be IN 1orcs'
provided. public burying grounos,, puu :;
lie schools. public hoSpitals' ,npiversties pnpr
and all seminaries Of learning, all cnure,,1 1i,,
es and church property used excius.vsas
for religious purposes, and lnstilu.lois !! o
erty t used l Exclusively for public purposes,
and personal property to an amount NO 20
exceeding $500 to each individual shali We
exempt from taxation, but such PERSONA soma
exemption shall not be allowed to more
than one member of the same FANNY; y;
Provided further. that nothing IN TINS So az.
Contained shall shall, be aw epovding fo
the taxation Of the gross earnings u
railroads.
/ The effect of the. above amendment,
If adopted, will be to amend the e1-
listing ConstitutiOn, as follOwss
1s4 To prohibit the legislature
from surrenderfng or contracting
away the power of taxation.
End To provide that whenever
the income of the State derived
other than from direct taxation up
on real and personal property snail
he sufficient to defray all the ex-
Denses of the State. and the d1rect
- n T..
ted, taxes for local purposes shall
he levied upon the taxable property
of the county, which shall be equal
and uniform throughout the county
ms dixtfnEufshed from being eGual
md uniform throughout the state.
3rd. To authorize municipal cor
poratfons to levy assessments for
local improvements under and puF-
suant to special. as dtsttngufshed
from general. laws.
4th. The Legislature f. authorized
to provide for the levy and coliec-
tfon of an annual tax upon franz
chises granted by public author
fly, in addition to the tnx on real
and personal property of the person
or CORPORATION holding the same.
s. 9Th. The Legislature is authorized
to provide tax upon the gross
earnings of any person or corpora
tfon holding such a franchise. con-
ditfOned that such gross earnings
tax may he In lieu of n tax upon the
franchise or upon the franchise ana
personal property as well.
9Th. Authority is conferred upon
the Legislature to provide for the
levy and collection of reEfstry
tax upon all real estate mortgages
which shall be in lien of all other
tax on the debt secured by such
mortgage.
9.r- L. ir 81
to provide for q tax upon incomes
I'm excess of 81 900 per annum. not
arising from credits or personal
property or from property other
wise taxed In this State. and also
Il tax upon the income derived from
credits as well az from personal
property. such tax shall he uniform
throuEhout the state and may be
graded. or progressive. or both. and
shall be levied Mt n rite not to ex-
ceed ten percenfum upon incomes
derived from credits and persOnal
q property. and at a rate not exceed
Ing four per cent per annrm upon
such other income. In case Of TIE
imposftiOn Of the registry tax above
referred TO. or of nm income tax
arfsinx from credits or personal
property, all credits and personal
property owned by the party
against whom such registry or fn-
come tax In fmposed IL exempted
Il from All taxation while the law in-
uOsfnx such income or registry tax
In In force.
In other words, where an income
4 tax upon salaries or earnings OF fn-
i dfvfduals fl provided for. all per-
IsOnnI property and credits must still
Il be subjected to taxation. while In
i ease of the imposition of an income
tax arising from credits and per-
nr saf y