The Redwood gazette., 1902-10-22

equalized and uniform throughout each
county. The legislature may by general
or special law authorize municipal cor
porations to levy assessments for Local
improvements upon the property fronting
upon such improvements, or upon proper
ty benefited thereby, or both. without re-
gard 20 cash ValUa ton. in such manner
as the legislature may prescr1be Ihere
may be levied and collected an annual
tax upon franchises granted by puDilc
authority. in addition to the tax on the
real property and other personal property
franchise or in lieu of tax on sucn
franchise alone. Or N lien of a tax On
such franchise and the personal properly
used in connection with tire exercise OF
the same, there may be imposed such tax
upon the gross earnings of the person
or corporation holding such franchise as
tax shall be apportioned between the
state, counties and municipalities Where
such franchise is exercised. in the same
manner as real estate taxes are appor-
toned. There may be levied and col
lected transfer tax not to exceed
per centum upon the estates of decedents'
above fixed and specified sum. Wh1ch
tax may be uniform or graded or pro
gressive. There may be levied and col
lected registry tax upon all real ese
tate mortgages which shall be in lieu OF
all other taxes on the debt secured py
such mortgages; and tax upon-the m
come from all credits owned ny persons
or corporations, as such credits are now
or may be hereafter defined py laW' nar1 an
also on the income arising from all per
sCnal property, and also upon the income
of all persons or CORPORATIONS ABOVE tne
sum of $1,000 per annum' not n1enni arls1ng
taxed in this state Such income tax
shall be uniform throughout the state,
both, and shall be levied at rate not
to exceed 10 per centum upon the income
from such credits, and upon the income
from personal property, and at ray rate
other income. Laws shall be passed TAX
ing all real and personal properly; prt1
vided that credits and personal propttiie
shall not be subject to other taxation nI,
than the income registry tax. herelt. h
authorized, while the law Imposing @ sucn
income or registry tax shall De N 1oiIe' He
lie schools, public hospitals, PUBLIC IL II,
brary associations, colleges, universitles
and all seminaries Of learning, all cnurc,,,- c1,,-
es and church property used eSfitStiT ntitI7tions
of purely public charity, and pubilc 2rnses prop-
erty used exclusively for public purposes,
and aneeedng @ to peatH shall
exempt from taxation. but sucn pei 9u.r onra
exemption shall not be allowed to more e'l
than one member OF the ath,sa same in this II act
contained shall be construed to a11CS: ~
modify or repeal any law provldlng 10;
the taxation of the gross earnings VI
railroads.
The effect of the above amendment,
if adopted, will be to amend the eA
listing ConstftutiOn. as follows:
LIST. To prohibit the legislature
from surrendering or contracting
away the power of taxation.
End. TO provide that whenever
the income of the State derived
other than from direct taxation up
be sufficient to defray all the ex-
penses of the state. and the direct
tax levied for such purpose Is omit
ted. taxes for local purposes shah
he levied upon the taxable properly
of the county. which shall be equhl
and uniform throughout the county
as distinguished from being equal
md uniform throughout the State.
3rd. To authorize municipal cor
DOrntions to levy assessments f0r
local improvements under ana pur-
sunnt to special. as diSt1nSu1shed
from general. laws.
4th. The Legislature is authorized
TO proyide for the levy and cOl1ec-
ton of an annual tax upon fran
chises granted by public author
fty, in addition to the tax on real
and personal property of the person
or corporation holding the same
5th. The Legislature is authorized
to provide tax upon the SFoHs
earnings of any person or corpora
tion holding such n franchise. con-
dftfoncd that such gross earnings
tnx may be in lieu of n tax upon the
franchise or upon the franchise and
personal property as we'll.
6 9Th. Authority is conferred upon
the Legislature to provide for the
levy and collection of registry
tax upon all real estate mortgages
ho h in
tax on the debt secured by such
mortgage.
9TH. The Legislature is authorized
to provide for 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
a tax upon the income derived from
credits as we'll from personal
property. Such tax shall be Uniform
throughout the State and may be
graded. or progressive. or both. and
shall be levied at a rate not to ex-
ceed ten percentum upon incomes
derived from credits and personal
property, and at rate not exceed
ing four per cent per Pnnum upon
such other income. In case of the
impositfon of the registry tax above
referred to. or of an income tax
arising from credits or personal
DFODeFty. all CfeO1IS pcESOHuA
property owned by the party
against whom such registry or in
! come tax IL imposed Is exempted
from all taxation while the law i'm
posing such income or registry tax
Is in force.
In other words. where an income
tax upon salaries or earnings of in
dfviduals is provided for, all per-
sonnl property and credits must still
be subjected to taxation. while In
case of the imposition of an income
tax arising from credits and per-
sonal property or of a registry tax
such credits and personal property
are exempted from taxation.
Sth. The Legislature is authorized
to exempt personal property of each
individual to the extent of 5000.
provided the same shall not apply
or be allowed to more than one
member of the same family.
9th. Other provisions of the ex-
isttng constitution involving the
subject of taxation are preserved
and continued I'm force.
W. b. DOUGLAS,