The Redwood gazette., 1902-10-22

equalized and uniform throughout each
county. The legislature may by general
or special law authorize municipal cor
pOratlOns to levy assessments for loca1
improvements upon the property fronting
upon such Improvements, or upon proper
ty benefited thereby, or both. without re-
gard 20 a cash valUt ton, in such manner
as the legislature may prescrihe.. Ihere
may be levied and collected an annual
tax upon FRANCHISES granted by pupnc
authority. in addition to the tax on the
real property and other personal properly
Of the person or corporation holding such
franchise; or in lieu Of tax on sucn
franchise alone. or N lieu of a tax On
such franchise and the personal properly
used in connection with tire exercise OF
the same. there may be imposed such taS
or corporation holding such franchise as
the legislature may determine; and salu
tax shall be apportioned between tne
state, counties and municiPalities Where
such franchise is exercised. in the same
manner as real estate taxes are appoi-
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. when
tax may be uniform or graded or pro-
gressive. There may be levied and col
tate mortgages which shall be in lieu OF OF
all other taxes on the debt secured by
such mortgages; and tax upon the m
come from all credits owned by persons
or corporations, as such credits are no"
or may be hereafter defined by law, anu
also on the income arising from an per,
sCnal property, and also upon the lncolne
of all persons or CORPORATIONS above me
sum of $1,000 per innum. not ARISING
from such credits or from such personal
property, Or from property ennoa otnerwise 1s@
shall be uniform throughout the state,
and may be graded or progressive OF
both, and shall be levied at rate no.
to exceed 10 per centum upon the income
from personal property, and at r ra.e
not exceeding 4 per centum upon such
other income Laws shall be passed passed ta2- n1o-
vided that credits and personal propei.s
shall not be subject to other taxatlon
than the income Or registry yna;1g tax, neru, snch
income or registry tax shall be IN force' nee
provided, public burylng grouluS:, w" IL
lie schools public h9}Sptals' piHe1ei
brary " associations; c3l@gfiS; on riSp ui all churca-
es and church property used ti,s eAciustitHrs
for religious purpo ses. and lnstitutlons
of purely publtc charity IT, ana h Rupmf pso
and personal property to an amount UNI, mo- pe
exceeding $500 to each individual shall De
exempt from taxation. but such persollu. pra
. than one member Of the same fanny
Provided further, that nothing in TINS act
contained shall be construed to "a. aIect. vo,
odfy or repeal ea ths any saoss earnings OF
railroads.
The effect of the above amendment'
If ndopted. will be to amend the ex-
listing Constitution. ns follows:
list. To prohibit the Legislature
from surrenderinE 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 snail
be sufficient to defrny nil the eN
penses of the state. and the dlrect
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
MS distinguished from being equal
and uniform throughout the state.
3rd. To authorize municipal cor
porntions to levy assessments f"r
local improvements under ana pur-
suant to special. as diAtI"S uI"Heu
from general. laws.
4th. The Legislature is authorized
to proyide for the levy and cO11ec-
tiOn of IN 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.
5th. The Legislature Is authorized
earnings of any person or corpora
tion holding such franchise. con-
ditioncd that such gross earnings
tax may he in lieu of tax upon the
franchise or upon the franchise and
personal property ns we'll.
9Th. Authority is conferred upon
the Legislature to provide for the
lew and collection of registry
tax upon all real estate mortgages
which shall he in lieu of all other
tax on the debt secured by such
mortgage.
7th. 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 we'll ms from personal
property. Such tax shall be 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 at n rate not exceed
ing four per cent per Rnnum upon
such other income. In case OF the
fmpositiOn of the registry tax above
referred to, or of an income tax
arising from credits or personal
property. all credits and personal
property owned by the party
against whom such registry or in
come tax il imposed Is exempted d
from all taxation while the law inn
posing such income or registry tax
is in force.
In other words. where an income
tax upon salaries or earnings of i'm
dfvidua1s Is provided for. all per-
sonal 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 a 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 1900
provided the same shall not apply
or be allowed to more than one
member of the same family.
9th. Other provisions of the ex-
istinx constitution involving the
subject of taxation are preserved
and continued I'm force.
g " n