The Redwood gazette., 1902-10-15

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 a cash valuation, in such manner
as the legislature may prescrlne. Inere
tax upon franchises granted by pubnc
authority, in addition to the tax on the
real property and other personal property pdy
franchise; or in lieu Of a tax on suco
franchise alone. or IN lieu Of a tax On
such franchise and the personal properly
used in conn ection with the exercise OF
the same there may be imposed such tax
Upon the gross earnings of the person
or corporation holding such franchlse as
the legislature may determine; ana say ~
state, counties and municipalities Where
such franchise is exercised. in the same
manner as as real estate taxes are ra appoL- coI-
lected a transfer tax not to exceed
per centum upon the estates of decedents'
above a fixed and specified sum, Whlch
gressive. There may be levied and col
lected a registry tax upon all real es
tate mortgages which shall be IN lleu @ VI
such mortgages; and tax upon the IN
come from all credits owned ny persoi1s
or corporations, as such credits are now
or may be hereafter defined py laW' al,o
scnal property, and also upon the lncone
of all persons or corporations above 5 tne
sum of $1,000 per annum, not .anssna; arls1ng
property, OF from property otnerwiss
taxed in this state. Such income tax
shall be uniform throughout the state,
both, and Shall be levied at a rate not not
to exceed 10 per centum upon the inconae
from such credits. and upon the ineUnte uate
from property snt nna upon al such
other income. Laws shall be passed az az
ing all real and personal properly; nrpv
vided that credits and personal propeii.S
shall not be subject to other taxari4r Sn3n
than the income or registry tax here1tl an
authorized, while the law imposing sue. sue!
income or registry tax shall be N 19rGn, nm,
RIroVlaed, I; puolch ho nuTy'g Saspitais public IL
brary ASSOCIATIONS, colleges, universities
and all seminaries Of learning, all cnure,n-
for Ai relisicus ' purposes. and institutions
Of purely public charity ana pupilG ,Icnnses. pr3s
erty used exclusively for public PURPOSES,
and sao t0 saty ito shah
exempt from taxation, but suc1 pei7u 7onra
exemption shall not be allowed 70 mgr mgr,
than one member OF the h,sa same ,3 this ide act
contained shall be construed to "a. anecI: to.
modify or repeal any law providing 10,
the taxation Of the gross earnings u
, railroads. -f
rha oHoct of the above amendment,
If adopted. will be to amend the ex-
listing COnstitutiOn, as followss
1st, To prohibit the legislature
from surrenderfng or contracting
away the power of taxation.
End. To provide that whenever
the income of the State derived
other than from direct taxation up
he sufficient to defray all the ex-
Denses 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 ne equaA
and uniform throughout the county
as distinguished from being equal
md Uniform throughout the State.
3rd. To authorize municipal cor
DOratfOnx to levy assessments Tor
local improvements under ana pur-
sunnt to special. as d1stfngufshed
from general. laws.
4th. The Legislature is authorized
to Droyide for the levy and collec-
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.
9Th, The Legislature Is authorized
to provide n tax upon the gross
earnings of any person or corpora
tfOn holding xuch n franchise. con-
ditioned that such gross earnings
ta1 may he in lien of n tax upon the
franchise or upon the frnnch1se ana
personal property as well.
9Th. Authority is conferred upon
the Legislature to provide for the
levy and collection of n registry
tax upon all real estate mortgages
{01, hn1 no n
tnx on the debt secured by such
mortgage.
eth. The LeEfslature Is authorized
to provide for tax upon incomes
in excess of 81 900 per annum. not
arising from credits personal
property or from property other
wise taxed in this State. and also
a tax upon the income derived from
credits as we'll 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 rLte not to ex-
ceed ten percentum upon incomes
derived from credits and personal
property, and at a rate not exceed
ing four per cent per annum upon
such other income. In case OF the
fmposftion of the registry tax above
referred to. or of income tax
arising from credits personal
property. ali creons ahu pe1nal
prOuerty owned by the party
against whom such registry or In
come tax Is 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
dividuals is provided for, all per-
sonnl prope-ty and credits must still
he suhjected 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 of each
individual to the extent OF $3.50
provided the same shall not apply
or he allowed to more than one