The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1902-08-08

one twentieth to one-tenth of one
mill, which means that the legisla
ture cannot levy more but may levy
| less or nothing. But whatever fund
is raised is to be appropriated with
out any restrictions by the legislature
and the state commission is cut out.
This will permit adequate help to
new counties and to thinly settled
F.! districts.
TAXATION.
| The amendment as to taxation can
only be considered in sections and
made plain.
| First-It specifically prohibits the
surrender. SuSpending or contracting
away of the power of legislation.
| This, for instance, would make it i'm
possible for any future legislature to
| fix form Of taxation for corporations
or for any class, that could be claimed
! to be a contract and SO Interchangeable.
Second The legislature must each
year levy tax to meet tie estimated
expenditures This will prevent the
state ever having Il floating debt or
the issue of bonds to meet current,
expenses, or to take up temporary
| debts.
Third When the income of the
state from other sources, such as the
gross earnings, Inheritance, corpora
tion taxes. etc. is sufficient to meet
| the annual state expenses, then no
state tax on lands or personal estate
shall be levied.
Fourtl-All taxes for state pur-
| poses shall be uniform throughout
the state and shah be equaliZed by
the state board of equalization. But
when no state tax is levied then there
shall be county option in taxation.
That is. each county shall levy its
own tax, make its own assessment
and eQualiZe that assessment DIS 1T
sees tit. In tax matteIs>l it would be
as free as in road matters and could
make assessments low or high on the
different classes of property, as it
might see fit.
Fifth-General or special laws may
be passed authorizing cities and
towns to levy assessments for local
improvements Oh frontage property
or property benefited or both, with
out regard to cash valuation.
xth-Corporations holding pub
| lie franchise. such as Il SGreetrallway,
fighting, water, telephone. boom and
other franchise companies. may be
taxed in either of two ways. A tax
| NAV be levied on tue value of the
| franchise in addition to a tax on all
real estate and personal property
held by the company. Or in lieu of
all other taxes d tax may be levied on
gross earnings, just as is now done
with steam railways. Whichever
method is used the tax is. however.
not to 90 as does the railway gross
earnings tax. all to the state. but is
to be apportioned TO the state, count
| les and municipalities where such
franchise is exercised.
Seyenth-An Inheritance tax not
| ia exceed five per cent may pc levied.
| This tax may be graded or nXed mat
| is it may be certain per cent on Il
certain amount OF inheritance ana Il
different per cent on larger estates
and so on. but in no event. can 1t
exceed five per cent.
Eighth-A registry tax may pe I'M
posed on mortgages in lieu OF other
taxes. This is in effect fee charged
when the mortgage is ohered Tor rec
ord and graded according to the
amount of the mortgage. As by far
the greater per cent of mortgages
now escape taxation entirely, this
would be an effort to make an eqult-
able tax on all and place the resident
money cameron fair basis with the
nonresident who now pays no tax.
Ninth-An income tax is permitted
Which shall be uniform throughout
the state. IT shall be on all credits
of persons or corporations and on all
income from personal property. Also
il shall be on all incomes arising
otherwise than on credits and per-
sonal property where such income
exceeds $1,000 per annum. rms
would include salaries. income from a
profession, trade or business or any