The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-02-22

graduated license tax on nortga pes and .
gross earnings tax on foreign corpora
tions doing business in Minnesota The
members of the subcommittee are:
Messrs Dunn, Anderson. Roberts and
| Hickey. The bin agreed upon is as fol-
lows.
to section l., and 4, of article 3. of the
constitution OF the state Of Minnesota
| are hereby seVerdl1y proposed to the peo-
pie Of the state for tIIeir approval or re-
| lection, that is to says
That section l. ot said article 9, be SO
amended that the same shall read as fol-
! lows:
Section /. All taxes to be raised In
this state snail be- as nearly equal as
may be- and any, property on which
taxes are to be leTed shall have q cash
valuation and he equal and uniform
throughout the state, except as other
wise provided by the constitution of this
state, but the power of taxation shall
never be surrendered, suspended or con-
| tracted away. Provided, that The Iegis-
latUre may, by general law, authorize
| municipal corporations To levy assess
mentS for local improvements upon the
| property fronting upon sucn improve
mentS or upon the property benefited by
such improvements, or both without re-
GARD to a cash valuation and in such
manner as the legislature may prescribe =
That section g. of said article 9. he
So amended that the same shall read
as follows:
Sec. 8. Laws shall be passed taxing
all property, except a S otherwise proyid-
! ed by this constitution, but public bury
| ing grounds, public school houses, public
! hospitals academies colleges universities
ana all SeminarieS of learning an
churches church property used for re-
iSlous purposes, and houses of worship
3nsdltuGons Of purely charity, public
property used for any public purpose.
/ ana personal property to an amount moi
| exceeding in value the sum of $500 10
| every mead OF household, shall by gen
er9i laws be exempt from taxation
! Ihat section four "a of said article
nine go be so amended that the same
snail read as follows:
section T. General laws may be en-
! acted providing for the taxation of the
Income of all moneys invested (exCent in
! united states bOnds) where, by EXPRESS
contract the owner of said money re-
ce eI a liked rate Of interest money or
other compensation for the use and hire
OF Sald money. Provided however that
such tax shall not exceed twenty five
'@s sed Per cent Of such income"
section z. Each of the amendments
proposed in section one O) of This acf
shall be submitted to the people for their
approval or rejection at the general cleo
Ion dCa5 TOT me year one thousand nine hun
voters Of the state, in their respectiye
( districts may at such election vote for
/ Or against each of said amendments by
Dau0t ana the returns as to each there
OF snail be made ard certified within tho
Tune, and such votes -canvassed. and fhe
/ result thereof declared in the manner
provided by law, with fpreune +o f7a
! election Of state 6fficefs. and If Il shall
| appear thereupOn that "a majority of ali
| the votes voting at such election shall
| nave voted for and ratified said amend
! nentS, or any of the same as Droyidad
| III the next section, then the governor
snail make proclamation thereof. and
Such amendment or amendments, SO rati-
! fed, shall take effect and be in force so
| a Fart of the constitution
/ The foregoing bill was prepared nv +ha
| subcommittee of the judiciary, pursuant
| to instructions from the general commit
| tee, and is complete as above set forth
| except that the subcommittee intended
to put in a provision for a license fee
/ upon mortgages, ll which would mean
/ that the license fee would he in nIacn of
the Income tax provided for in said hill
put the income tax would remain on
4 the debts not secured by nOrtga ges as
provided in the bill. The subcommittee
had not, however, the necessary infor-
nation to properly draft this provision.
and it will be furnished by the subcom-
mlttee before the next meeting of the
will be presented to the general commit
tee for consideration a proposition for a
gross earnings tax upon the business of
foreign corporations conducted in this
state. Also, there will be presented to
1 the general committee a proposition to
levy graded or progressive, tax upon
salaries of persons in excess Of 81, 900 not
| TO exceed 3oper cent per annurn of thf
gross income Also. a proposition for n
gross earnings tax on pubic service cor
porations will be submitted in the follow
ing language:
''The legislature shall by general law
provide fer taxing all personal property
and franchises Of ali public service cor.
/ p.orations exercising or ENJOYING any
4 right, privilege OF franchise. granted by
the public or municipality, by providing
| Tor an income tax on the gross earnings
OF such corporation, which tax shall be
IN addition to the tax paid by such cor.
poratlons on any real estate owned by
gross earnings tax shall be apportioned
and divided between the state ana conn
ty and municipality where the business
OF such corporation is carried on, in the
same manner as the revenues in said
county and municipality are divided
Inc rate of such gross earnings NAV be
graded or changed by the Igislature..'