The Saint Paul globe., 1902-02-22

graduated license tax on mortga ges and
cross earnings tax on foreign corpora
members of the subcommittee are.
Messrs Dunn, Anderson Roberts and
Hickey. The bill agreed upon is as fol-
lows.
Section 1. The following amendments
to section /, and 4, OF article 9. of the
constitution of the state Of Minnesota
are hereby seyeraliy proposed to the peo-
pie Of the state for tneir approval or re-
| lection, that is to say:
That section /, of said article 9, be so
| amended that tie same shall read as fol-
lows:
Section 1. All taxes to be raised in
this state shall be- as nearly equal as
may be, and any, property on which
taxes are to be levFed shall have a cash
yalCa ton and be equal and uniform
throughout the state, except as other
wise provided by the constitution Of this
state, but the power of taxation shall
t~never be surrendered, suspended or con-
tracted away. Provided. that the legis-
IatUre may, by general law authorize
municipal corporations To lew 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 B. of said article g. be
as follows:
Sec. 3. Laws shall be passed taxing
/ an property, except as otherwise proVid-
| ed by this constitution but public bury
! hospitals, academies, colleges, universities
and all seminaries Of learning All
churches church property used for re-
ilglous purposes, and houses of worship,
lnsutu1ons of purely charity nublic
property used for any public purpose
/ ana personal property to an amount NOT
/ exceeding in value the sum of $500 to
| every mead OF a. household, shall by gen
4 10 mt fr,@,,
That section four (D of said article
nlne t9) be so amended that the same
shall read as follows:
oo+sa section 4 General laws may be en-
! acted providing for the taxation of the.
income OF all moneys invested (except IN
/ united states bonds where, by EXPRESS
contract conlract the owner of said money re-
ceIVes fixed rate of interest money or
other compensation for the use and hire
OF said money. Provided however fhaf
| snch s5Ic tax shall not exceed Twenty-Five
! lz2) per cent of such income"
Section 2. Each of the amendments
proposed IN section one ~ of this act
/ la slnall pc submitted to the people for their
| appfoVaI or rejection at the general e1ec-
! tIon Tor the year one thousand nine hun
| ored and two Q902) and the qualified
/ voters of the state, in their respective
I olstrlcts may at such election vote for
/ Or against each Of said amendments I9I,
ballot and the returns as to each thnra
OF shall be made ard certified with tha
time, and such votes canvassed. and the
| LGsuit InefeoL sdecfare0, in the manner
/ provided by law, Withsreference to the
/ elecuon OF state officers, and if if shall
| appear thereupon that "a majority of all
/ the votes voting BIT such election shall
nave, nave voted Tor ana ratified said amend
menfs, or any of the same as provided
| N the next section, then the governor
snail make proclamation thereof and
sueh amendment or amendments, so -rat IT,
fed, shall take effect and be in force a 9
| a Tart of the constitution
Inc foregoing bill was prepared by the
subcommittee of ther 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. N which would mean
| that the license fee would be in pIace Of
the income tax provided for in said bill.
put the income tax would remain OH
! the debts not secured by mortgages as
! mad not. however, the necessary infor-
4 nation to properly draft this provision.
ana it will be furnished by the subcom-
mlttee before the next meeting of the
VIII be presented to the general commit
tee, Tor consideration a proposition for a
gross earnings tax upon the business of
foreign corporations conducted in +his
1 state. Also, there will be presented Ia
the general committee a proposition 70
| levy a graded or progressive tax upon
| safarles OF persons in excess of 81, 900 not
| TO exceed j per cent per annum of the
gross income. Also, a proposition for a
i gross earnings tax on pubic service cor
porations will be submitted in the follow
ing language:
THE legisla ture shall by general law
provide fer taxing all personal property
and franchises of ali public service cor.
1 porations exercising or enjoying any
right. privilege oHi 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 apportfoned
and divided between the state ans 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.
1he rate OF. such gross earnings NAV be
graded or changed by the lgis1at,Ire'