The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1902-10-17

equalzed and Uniform throughout eacn
county. Tie legislature may by general
or speci2l law Authorize municipal cor
porations tic levy assessments for local
improvements upon the property fronting
upon suen improvements, or upon proper
ty benefited thereby, cor both, without re-
gard 20 a cash valuation, in such manner
as the legislature may prescribe. There
may be levied and collected an annual
tax upon franchises granted by pubic
authority, in addition to the tax on the
real property and other personal property
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 property
used in connection with the exercise OF
the same, there may be imposed Such tax
upon the gross earnings or the person
or corporation holding such FRANCHISE as
the legislature may determine; and salo
tax shall be apportioned between the
state, counties and municipalities where
manner as real estate taxes are appor-
toned. There may be levied ana col
lected a transfer tax not to exceed o
per centum upon the estates of decedents'
above liked and specified sum, Wnlch
tax may be uniform or graded or pro-
gressive. There may be levied and col
lected a registry tax upon all real es-
tate mortgages which shall be in lieu OF
all other taxes on the debt secured py
such mortgages; and tax upon the IN
come from all credits owned by persons
or corporations, as such credits are now
or may be hereafter defined by law, anu
also on the income arising from all per-
sonal property, and also upon the income
of all persons or CORPORATIONS ABOVE tne
sum of $1,000 per annum, not arisIm ai
from such credits or from such personal
property, or from property otnerWise
taxed in this state. Such income tax
shall be uniform throughout the state,
and may be graded or progressive -
both, and shall be levied at a rate Aos
to exceed 10 per centum upon the income
from such credits, and upon the lncoIno
from personal property, and at raIs
other income. Laws shall be passed tax
ing all real and personal property; pro
vided that credits and personal properly
shall not be subject to other taXaIio ,,,
than the income or registry tax hereln
authorized, while the law imposing SUCH
income or registry tax shall be In foree'
provided public burying grounos, pup
lie schools bn5ic e nSIeta
and all seminaries of learning, all cnurcm
es and church property used eX ciusxtS.s
for religious purposes, and institutlons
erty used exclusively for public purposes,
and personal property to an amount NOV
exceeding $500 to each individual snaI Do
exempt from taxation but suca p pc mnre
than one member of the same Ialhlly:
Provided further, that nothing In TINS act
contained shall be construed TO aIe sa
the taxation Of the gross earnings OF
railroads.
The effect of the above amendment,
IL adopted, will be to amend the ex-
listing Constitution, as follows;
1st. To prohibit the legislature
from surrenderinG or contracting
away the power of taxation.
End To provide that whenever
the income of the State derived
-
on real and personal property shaii
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
as distinguished from being equal
and uniform throughout the State.
Bird. To authorize municipal cor
pOrntiOns to levy assessments Tor
local improvements under and pur-
suout TO special, as distinguished
from general, nNvvs.
4fb The Legislature is authorized
TO provide far the levy and cOllec-
ton OF an annual tax upon fran
chises granted by nubIfc author
fty in addFaon TO The tax on real
and personal property of the person
9Th. The Legislature is authorized
to provide tax upon the gross
earnings of any person or corpora
ton holding such n franchise, con-
ditioncd 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
- a
tax upon all real estate mortgages
which shall be I'm lieu of all other
tax on the debt secured by such
mortgage.
eth. The Legislature is authorized
TO provide for a 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 well 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 a rate not to ex.
coed ten peFSBntum upon incomes
derived from credits and personal
property, and at a rate not exceed
ing four per cent per annum upon
such other income. In case of the
tmDOS1t1On Oh the tdA auOt0
referred to, or of an income tax
arising from credits DR. personal
property, all credits and personal
property owned by the party
against whom such registry or in
come tax is imposed is exempted
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 in
dividuaIs is provided for, MI per-
sonaI property and credits must still
be subjected to taxation, while In
case of the imposition of an income
tax arising from credits and per-
sonaI property or of a registry tax
such credits and personal property
are exempted from taxation.
Sth. The Legislature In 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 I'm force.
w. B. DOUGLAS,
Attorney General.