The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-10-13
OCTOBER 10, 1902.

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And provided further, that there may be by
law levied and collected tax upon all inheri-
tances deyises bequests: legacies and gifts OF
specified sum, Of any and all natural persons and
corporations Such tax above such exempted
sum may be uniform; or it may be graded or
Sec: 2. The legislature shall provide for an
Ordinary expenses Of the state for each year;
and whenever it. shall happen that such ordl1
exceed the income Of the state for such year, the
legislature shall provide for 1evying tax for
the ensuing year sufficient with other s sources sources
ing year, together With the estimated expenses
OF such ensuing year. -,
Sec.> g. Laws shall be passed. taxing all
moneys, credits, investments in bonds stocks;
joint stock companies, or otherwise; and also all
real and personal property, according to Its true
public schoolhouses, public hospitals, academies
colleges universities and all seminaries of learI-
gious purposes, and houses Of worship, institu-
lions OF purely public charity. public property
used exclusively tor any public purpose, ana
in value two hundred dollars for each individual
alton.
1t is proposed by said chapter to amend the
same SO as to read as follows:
Section ]. The power of taxation shall never
BE- or
sufficient. to defray the estimated ordinary ex
penses of the state for each year, and when
ever it shall happen that such ordinary ex:
penses for any year shall exceed the income of
the state for such year the legislature shall at
its next general session provide for leyyng
ever the income Of the state from other sources
shall be sufficient to defray all of its ordinary
tax, such tax levy shall be omitted All taxes
to be raised in this state snail! be as nearly
be m
on which taxes are to he levied except as herein
otherwise provided; shall have u cash valuation
and shall be equalized and uniform throughout
the state; provided that whenever the levy of Il
tax for state purposes is omitted as above pro,
Spon Of the within the
several counties and the subdivisions thereof,
which shall be equalzed and uniform throughouT
each county. The legislature may by general
or special law authorize municipal corpora tons
| to levy assessments for local improvements upon
upon property benefited thereby, or both without
| regard to cash valuation, in such manner as the
legislature may prescribe; There may be Levied
granted by public authority, in addition to the
| tax on the real property and other personal
property of the person or corporation holding
franchise alone or in lieu Of a tax such
franchise and the personal property used tol IN
may be imposed such tax upon the gross earn
ings Of the person or corporation holding such
and said tax shah be apportoned the
state, counties and municipalities where such
franchise is exercised in the same g, manner as
levied and collected a transfer tax not to eX-
coed per centum upon the estates of de-
cedents above fixed and specified sum, which
There may be levied and collected registry tax
upon all real estate mortgages which shall be in
| lieu Of all other taxes the debt secured by
from all credits owned by persons corpora
after defined by law. and also on the income arts
ing from all personal property. and also upon the
sum Of $1,000 per annum, not arising from sucl,
| credits from such personal property, or from
/ property otherwise taxed in this state. Such
income tax shall be uniform throughout the
state, and may be graded progressive or both,
and shall be levied at rate not to exceed 10 per
centum upon the income from such credits. and
upon the income from personal property, and al
rate not exceeding per centum upon i1a such I'll
real and personal property; provided that credits
and personal property shall not be subject te
other taxation than the income or registry tax
income or registry tax shall be in force: pro
vided, public burying grounds, public schools
public hospitals public library associations col
all churches and church property used exclusive.
ly for religious purposes, and institutions Of
exclusively for public purposes. and persona
property to an amount not exceeding $500 to eacf
individual shall be eaet from ia 04
more than one member Of the same family
Provided further, that nothing in this act con
l.
| repeal any law providing for the taxation o.
the gross earnings of railroads.
1 The effect of tho above amendment if adopted
will be to amend the existing Constitution, al
| follows: go
dering or contracting away the power of taxa
| ton
End. To provide that whenever the income o.
the State derived other than from direct taxatlo!
upon real and personal property shall be sui
| fcient to defray all the expenses of the state
and the direct tax levied for such purpose i
omitted, taxes for local purposes shall be levies
upon the taxable property of the county, which
shall be equal and uniform throughout the coun
ty as distinguished from being equal and uniform
throughout the State.
| 3rd. To authorize municipal corporations X
| levy assessments for local improvements undel
and pursuant to special, as distinguished from
4th. The Legislature is authorized to pro
vide for the levy and collection Of an annua
! tax upon franchises granted by public authority
| in addition to the tax on real and personal
property of the person or corporation holding thu
9Th. The Legislature is authorized to provid,
| a. tax upon the gross earnings of any person o.
| corporation holding such franchise, conditioned
that such gross earnings tax may be in lieu of
tax upon the franchise or upon the franchise ant
personal property as we'll.
eth, Authority is conferred upon the Legisla