The Redwood gazette., 1902-10-29

equalized and uniform throughout each
county. The legislature may by general
or special law authorize municipal cor
porat1ons 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 prescribe. There
may be levied and collected an annual
tax upon FRANCHISES granted by pubic
authority. in addition to the tax on the
real property and other personal property
OF the person or corporation holding such
FRANCHISE; or in lieu Of 4 tax Oh such
franchise alone. or IN lieu Of a tax On
such franchise and the personal property
used in connection With the exercise OF
the same, there may be imposed such tax
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
per centum upon the estates of decedents,
above fixed and specified sum, which
tax may be uniform or graded or pro-
gressive. There may be levied and col
tate mortgages which shall be in lieu OF
all other taxes on the debt secured by
such mortgages; and tax upon me IN.
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 al per
sCnal property, and also upon the income
of all persons or corporations above the
sum of $1,000 per annum, not arising
from such credits or from such personal
n this fan ffaqe neSe
shall be uniform throughout the stats. ,
and may be graded or progressive or
both. and shall be levied at rate no.
to exceed 10 per centum upon the income
from such credits, and upon the income
from personal property, and at a es rate
not exceeding 4 per centum cent 31 na upon Sacn +aI
ing all real and personal property; PIP
vided that credits and personal propert!
shall not be subject to other taxatlon n
than the income or registry tax herein
authorized. while the law imposing such
income or registry tax shall be IN 1orcs'
provided, public. burying grounos;, p"n-
lie Eubic PHee
and all seminaries Of learning an cnure, ,rre,y
es and church property used ti,s eNcius1tSIs
for religious purposes ana lnsIeuelotls no,l7
erty used exclusively for pubic purposes.
and personal property to an amount no
exceeding $500 to each individual snall oI
exempt from taxation, but such persona pa
exemption shall not be allowed to- more
than one member Of the same famlly:
Provided further, that nothing in TINS . act
modify or repeal any law providing 10.
the taxation of the gross earnings o1
railroads.
The effect of the above amendment,
If adopted. will be to amend the ex-
listing Constitution, as fo11ovvs'
1st. To prohibit the Legislature
from surrenderinE 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 defray all the ex-
penses of the State. and the direct
tax levied for such purpose is omit
ted. taxes for local purposes shall
he 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 Stnte.
/ 3rd. To authorize municipal cor
porntions to levy assessments for
local Improvements under and pur-
suant to special. as dfstinRu1shed
from general. laws.
4th. The Legislature is authorized
to provide for the levy and cOl1ec-
tion of annual tax upon frnn-
chises granted by public author
ftv. in addition to the tax 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 nny person or corpora
tfon holding such n franchise. con-
dftioncd that such gross earnings
tax may he in 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 of registry
tax upon all real estate mortgages
which shall be in lieu of all other
1,n Oh
mortgage.
: eth. The Legislature Is authorized
to provide for n tax upon incomes
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
a tax upon the income derived from
credits as well from personal
property. Such tax shall he 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 Mt a 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 fsS
arising from credits or personal
property. all credits and perrona!
property O"he0 ny pustt
against whom such regfHtry or ia
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-
sonaI 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 registry tax
such credits and personal property
/ are exempted from taxation
/ Sth. The Legislature is authorized
/ to exempt personal property CT 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.
j 9th. Other provisions of the ex-
| fstfn4 constitution involving the
subject of taxation are preserved
and continued in force.
W. b. DOUGLAS,