The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-03-08

fTSrT1N "A
registration fee on mortgages, in lieu
OF all other taxes.
IN this shape the bill was printed, but
two important changes were made again
this morning. City Attorney Healy of
minneapolis protested ehemently against
leaving out the special assessment sec
| lions, and one was reinserted. "a clause
was added to the section providing for
| franchise or a gross earnings tax on pub
lie service corporations, which, specifies
that such tax shall be in addition to the
1 tax on their real and PERSONAL property.
The bill as agrede on by the conference
committee and reported to both houses
| to-day, read as follows:
! Section 1.-The power of taxation shall
never be surrendered, suspended or contracted
| away. The legislature shall provide for an
| annual tax sufficient to defray the estimated
! ordinary expenses Of the state for each year.
and whenever it shall happen that such
ordinary expenses Of the state Cor any year
4 shall exceed the income of the state for such
year, the legislature shall at It's next ses-
sion, provide for levyng a tax sufficient tc
pay such deficiency. And whenever the in
come of the state from other sources shall;
be sufficient to defray all of it's ordinary ex-
|renses without the levy of any annual st ate
tax, such tax levy shall be omitted. III
All taxes to be~raised In this state shall be.
4 as nearly equal as may be, and shall be
I levied and collected for public purposes only,
and all property on which taxes are to be;
levisa, except as herein otherwise provided,
| shaIEhave cash valuation and shall be
eQualzed and uniform throughout the state:
| provided, that whenever the levy of tax for
state purposes is omitted above provided
| The taxes levied for local purposes shall be
| upon a valuation of the property within the
several counties and the subdivisions there
Of, which shall be equalized and uniform
throughout each county. s.@.s
The legislature may by general or special
law, authorize municipal corporations to levy
| assessments for local improvements upon
the property fronting upon such improve
ments, or upon the property benefited there
by, or both, without regard to cash valua-
ton, In SUCH manner as the legislature may
prescribe. -
| There NAV be levied and collected an an
nual tax upon all franchises granted by the
state, or by any subdivision thereof; in
lieu of such franchise tax, there may be i'm
posed such tax upon the gross earnings of
the persons corporations holding such
! franchise the legislature may determine
and said tax shall be apportioned between
| the state, county and municipality where The
business OF ouch corporation is carried
IN the same manner the revenue from
real estate taxes in said county and munich
pai1ty are apportioned, and such franchise,
or gross earnings tax, shall be in addition
to. the tax on the real and personal property
OF such person corporation. H.. .
| There may be levied and collected a tax
upon all inheritances. devises. requests.
legacies and gifts of every kind and descrip-
ton, above fixed and specified sum, of
shy and all natural persons corporations
which tax, above such exempted sum, may
be uniform, or it may be graded pro-
gress1ve, but the tax upon such Inheritance
devise, bequest, legacy or gift, shall not
exceed a maximum tax of five per cent
| There may be levied and collected a reg
istry tax upon all real estate mortgages
which shall be in lieu of all other taxes on
the debt secured by such mortgages and
tax upon the income from all credits owned
by persons or corporations, as such credits
are now, or may be hereafter defined by law,
| and also upon the income Of all persons in
| this state above the Of thousand
dollars per annum, not arising from such
| credits, or from property otherwise taxed in
this state. Such income tax shall be uni
form throughout the state, and shall be levied
, at rate not to exceed ten per centum upon
the income from such credits, and at a rate
: Eot exceeding four per centum upon such
| other income.
Laws shall be passed taxing all real and
, personal property; provided, that the credits
above described shall not be subject to other
, taxation than the income registry tax
herein authorized. while the law imposing
, 3SNSA AAtSoAAAS
, provided, the public burying grounds, public
, schools, public hospitals, public library as
soclauons, colleges, universities and all
, seminaries, of learning, all churches and
! church property, used exclusively for re-
lgious purposes, and institutions Of purely
. public charity and property used exclusively
for public purposes, and personal property
. to an amount not exceeding three hundred
. dollars ($3O0) of each Individual, shall be
+ exempt from taxation, but such personal ex.
J., emption shall not be allowed to more than
- one member of the same family
Provided further, that nothing in this act
. contained shall be construed to affect. modify
or repeal any law providing for the taxation
y OF the gross earnings of railroads.
q Sect. 2-The amendment herein PROPOSED
p shall be submitted to the people for their ap-
n proval or rejection at the general election
o for the year 1902, and the qualified voters OF
I the state shall, in their respective districts
q ! at such election, vote for or against said
amendment, ty ballot, and the returns there.
Of shall be made and certified at the same
and in same manner is provided by law
with reference to election of state officers
and If it shall appear that majority of all
the voters voting at such election shall have
voted in favor Of said amendment, in the
manner provided herein the governor shall
make proclamation thereof d@said amend.
ment shall ttereupon take effect and be ir
force as Iart Of the constitution of SAID
! SIdIo anu SLdll SupeICeue SECTIONS one H.
two (2), and three 90 of said article nine
| (9) Of said constitution.
The ballots used at such elections shall
have printed thereon the following: "Amend
ment to section one o., two (2), and three g.
of article nine 90 of the Constitution, pro
v1ding for tax on mortgages and franchise:
or corporations and upon the incomes O.
corporations and Of individuals in excess
of the sum Of one thousand dollars Isl, OOO
per year. fes-No.' Each elector votins
! upon such proposed amendment shall plac
a cross Cx) mark in the space to be lef
(opposie the word YES" or "No,'' and eacl
such vote shall be counted for or agains
such proposed amendment in accordance wit
the express will Of the elector, as provided
. and in accordance with the election laws 0
a said state
Sec. 3-Thts act shall take effect and be i
force from and after its passage
- THE HOUSE KILLED 1T