The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1902-10-30

equa1ized 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
gard TO cash valuation, in such manner
as the legislature may prescribe. There
may be levied and collected. an annual
authority, in addition to the tax on the
real property and other personal property
OF the person or corporation holding such :
ffranchise; or. or in lieu Of tax on suea
such franchise and the personal property
used in connection with the exercise OF
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
such franchise is exercised. in the same
manner as real estate taxes are appor-
toned. There may be levied and col
lected a transfer tax not to exceed 5
above fixed and specified sum, which
tax may be uniform or graded or pro-
gressive. There may be levied and col. ;
lected registry. tax upon all real es-
tate mortgages which shall be in lieu Of
all other taxes on the debt secured by
such mortgages;s and tax upon the IN
Or corporations, as such credits are now
or may be hereafter defined by law, and
also on the income arising from all per-
sonal property, and also upon the income
of all persons or corporations above the
sum OF 1000 per annum, not arising
from such credits or from such personal
n this f ffaqa Ia
shall be uniform throughout the state,
and may be graded or progressive or
both, and shall be levied at a rate NOT
from such credits, and upon the income
from personal. property, and at 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 hereln
authorized, while the law imposing such
income or registry tax shall be in force;
provided, public burying grounds, pub
lie schools, public hospitals, public, II
and all seminares Of learning, all church
es and church property used exclusively
for religious purposes, and institutions
erty usea for pubic
and personal property to an amount not
exceeding $500 to each individual shall be
exemption shall not be allowed to more
than one member of the same family:
Provided further, that nothing in this act
conta ined shall be construed to affect,
the taxation of the gross earnings OF
railroads..
The effect of the above amendment,
if adopted, will be to amend the ex-
listing Constitution, 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
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
be levied upon the taxable property
of the county, which shall be equal
and uniform throughout the county
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 coI1ec-
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 n franchise, con-
ditioned that such gross earnings
tax may be in lieu of a tax upon the
franchise or upon the franchise and
personal property as well.
9th. Authority is conferred upon
the Legislature to provide for the
levy and collection OF a registry
tax upon all real estate mortgages
which shall be in lieu of all other
tax on the debt secured by such
mortgage.
9TH. 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
u 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 rate not to ex-
coed ten percentum 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
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-
sona1 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 n 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.
July 3rd, A. ID. 1902.
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