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

eouaiized and uniform throughout eac
county. The legislature may by genef.
or special law authorize municipal COZ
porations tc levy assessments for loca
upon the property frontln'
upon such improvements, or upon proper
ty benefited thereby, or both, without re
gard 20 cash valUat ton, in such manne
as the legislature may prescribe. lneTt
may be levied and collected an annual
tax upon franchises granted by pupuC
authority, in addition to the tax on tne
real property and other personal properly
of the person or corporation holding such
franchise; or in lieu of a tax on sucu
franchise alone, or N lieu of tax on
such franchise and the personal properly
used in connection with the exercise VI
the same, there may be imposed sucn tes
upon the gross earnings OF the person
or corporation holding such 1ranchlse az
the legislature may determine; and saiu
tax shall be apportioned between lne
state, counties and municipalities WneTe
such franchise is exercised. IN the r an1n
manner as real estate taxes are appoi-
toned. There may be levied ana COZ
lected q transfer tax not to exceed .
per centum upon the estates OF deceuentS
above a fixed and specified sum, WnIch
tax may be uniform or graded or pro-
gressive. There may be levied ana cor
lected registry tax upon all reai g,
tate mortgages which shall be IN neu ", "
all other taxes on the debt secured py
such mortgages; and tax upon the ~
come from all credits owned by persons
or corporations, as such credits , are n ann
or may be hereafter defined by law, anu
also on the income arising from al per
sonal property, and also upon the lnco 4he
OF all persons or CORPORATIONS ABOVE Ing
sum OF $1,000 per 9nnum, not arlsInS
from such. credits or from such personal
property, or from property otherWlse
taxed in this state. Such income Tax
shall be uniform throughout the state,
and may be graded or progressive ee
both, and shall be levied at a rate Aos
to exceed 10 per centum upon the income
60, IL, flln
from personal property, and at rate
not exceeding A pee centum- upon such
other income. Laws shall be passed tax
ing all real and personal property; pro-
vided that credits and personal property
shall not be subject to other taXaIlon
than the income OF registry tax heIeln
authorized, while the law Imposing sucn
income or registry tax shall be IN 1oros'
provided, public burying grounoS, puu-
lie schools, public hospitals, pupnc, IL
brary associations, colleges, uniVers.caeSs
and all seminaries of learning, all churcn-
es and church property used excIusiveiy
for religious purposes, and lnstitutlons
of purely public charity, and public PROD
erty used exclusively for pubic purpeoS en;
and nersonal property to an amount not
exceeding $500 to each lndlVluual sL!ail oT
exempt from taxation, but such persoliui
exemption shall not be allowed 70 ini1v
Provided further, that nothing in TINS ace
contained shall be construed 70 allt FoI
modify or. repeal any law providlng i ~
railroads.
The effect of the above amendment,
if adopted, will be to amend the ex-
listing Constitution, as follows:
LIST. To prohibit the legislature
from surrenderinG 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 shall
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
ana uniform throughout the county
as distinguished from being equal
and uniform throughout the state.
3rd. To authorize municipal cor
porations to levy assessments Tor
local improvements under and pur-
suant to special, as distinguished
from general Havvs.
18th. The Legislature is authorized
70 prOvide Asr the levy and cOlIec-
ton OF an annual tax upon fran
cnises granted by DnbIic author
fty in addf0on TO the tax on real
and personal property of the person
or corporation holding the same.
9Th. The Legislature is authorized
a
earnings of any person or corpora
ton holding such a 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
levy and collection of registry
tax upon all real estate mortgages
which shall be in lieu of all other
tax on the debt secured by such
mortgage.
7th. The Legislature is authorized
to provide for tax upon incomes
I'm 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 peEE Bntum upon incomes
derived frOn2 credits and personal
property, and at rate not exceed
ing four per cent per annum upon
such other income. In case of the
imposition 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 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, all 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-
sOnal property or of a registry tax
such credits and personal property
are exempted from taxation.
Sth. The Legislature is uthOrized
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