The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1902-10-09

poses snalt De upon a valuation of the
property within the several counties and
the subdivisions thereof, which shall be
equalized and uniform throughout each
county The legislature may by general
or special law authorize municipal cor
.poratlons to levy assessments for local
improvements upon the property fronting
upon such improvements, or upon proper
ty benefited thereby, or both, without re-
gard 70 cash valuation, in such manner
as the legislature may prescribe. There
may be levied and collected an annual
tax upon franchises granted by pubic
authority, in addition to the tax on the
OF the person CT corporation holding such
franchise; or in lieu Of a tax on such
franchise alone. or in lieu Of a tax On /,
such franchise and the personal property
the same, there may be imposed such tax
upon the gross earnings Of the person
or corporation holding such franchise as
the legislature may determine; and said
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 3
per centum upon the estates of decedents,
above fixed and specified sum, which
tax may be %, uniform or graded or or pro pro
lected registry tax upon all realies-
tate mortgages which shall be in lieu OF
all other taxes on the debt secured by
come from all credits owned by persons
or corporations, as such credits are now
or may be hereafter defined by law, ana
also on the income arising from all per-
of all persons or corporations above the
sum of $1,000 per annum, not arising
from such credits or from such personal
+5i from from pssSpery Tss
shall be uniform throughout the state,
and may be graded or progressive or
both, and shall be levied at a rate not
to exceed 10 per centum upon the income
from personal property, and at a rate
not exceeding 4 pee centum upon such
other income. Laws shall be passed tax.
ing all real and personal property; pro
vided that credits and personal property
shall not be subject to other taxation
than the income Or registry tax herein
authorized, while the law imposing such
income or registry tax shall be in force;
provided, public burying grounds, pup
lie schools, public hospitals public IL
brary. associations colleges, universities
es and church property used exclusively
for religious purposes, and institutions
of purely public charity, and public prop
erty used exclusively for public purposes,
exceeding $500 to each individual shall be
exempt from taxation, but such personal
exemption shall not be allowed to more
than one member of the. same family:
Provided further, that nothing in this act
contained shall be construed to affect.
modify or repeal any law providing toc
the taxation of the gross earnings OF
railroads. .e,..:s
The effect of the above anne ndment,
if adopted, will be to amend the ex-
listing Constitution, as follows:
1st."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
on real and personal property shall
be sufficient to defraN all the ex-
penses of the State, and the direct
tax levied for such purpose is omit
ted, taxes for local purposes shall
lie levied upon the taxable property
of the county,, which shall be equal
and uniform throughout the county
as distinguished from being equal
and uniform throughout the State.
3rd. To authorize municipal cor
porations to levy assessments for
local Improvements under and pur-
suant to special, as distinguished
from general, laws.
18th. The Legislature is authorized
to provide for the. levy and colec-
ton of an annual tax upon fran-
chises granted by public author.
ity, in addition to the tax on real
and personal property of the person
or corporation holding the same.
9Th. The Legislature is authorized
to provide tax upon the gross
earnings of any person Or corpora
ton holding such y franchise, con-
tlitiOned that such gross earnings
tax may he i'm lieu of n tax upon the
franchise or upon the franchise and
personal property as we'll.
9Th. Authority is conferred upon
the Legislature to provide for the
levy and collection ssOf Il registry
tax upon all real estate mortgages
which shall be in lien. of all other
tax on the debt secured by such
mortgage.
18th. The Legislature is authorized
in excess of 81 900 per annum, not
arising from credits or personal
Property .:Or from property other
wise taxed in this State. and also
tax upon the income derived from
credits as well as from personal
property. Such tax shall be uniform
throughout the State and may be
graded, or progressive, Or both, and
shall be levied at u rate not to ex-
coed ten, percentuEl upon incomes
derived from credits and personal
property, and at rate not exceed
ing four per cent per annum upon
such other income. In case of the
imposition of the registry tax above
referred to, Or of an income tax
arising from credits or personal
property, all credits and personal
property owned by the party
against whom such registry or in
come tax is imposed is exempted
from all taxation while the law inn
posing such income or registry tax
is in force.
In other words, where an income
tax upOn salaries earnings of in
dividua1s is provided for, all per-
sonal property and credits must still
be subjected to taxation, while i'll
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 $500,
provided the same shall not apply
or be allowed to more than one
member of the same family.
9th. Other provisions of the ex-
listing constitution involving the
subject of taxation are preserved
and continued In force.
w. b. DOUGLAS,
Attorney General.
Tu1v 9rd A n 1902