The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-02-25
service corporations on a gross earnings

service corporations on a gross earnings
basis. -
This feature has been incorporated in
the amendments. 1t was reported by the
subcommittee, and adopted by the full
committee yesterday afternoon.
The vote was seven to six. The mi
nority stands for the wide-open policy,
and, will fight the bill on the floor Of the
house. They believe in leaving the legis-
lature a free hand in levying taxes and
making exemptions on any class Of prop
erty. :. ., .-.--.., ,,...< $685.
The majority bill, which was accepted
yesterday, submits to the people amend
ments to sections /, 3 and 4 of article g.,
leaving section 2 as it stands.
The sections proposed in the bill are as
follows ...:i,- =, -s,,.- .--~-,.-. .. =
Section ALI taxes to he raised in this
state shall be as nearly, equal as may be- and
any: property on which taxes are to be levied
shall have cash valuation and be equal and
uniform throughout the state except other
wise provided by the + constitution of this
state.-@ Provided that the legislature may,
by general law, authorize municipal corpora
lions to- levy assessments for local improve
ments upon the property fronting upon, such
improvements or upon the property to be
benefited by such: improvements, or. both,
without regard to a cash valuation, and in
such manner as the legislature may prescribe.
Sec. Saws shall be passed taxing all prop
erty, except otherwise provided by this
constitution, but public burying grounds, pub
lie school houses, public hospitals, academies,
colleges universities and all seminaries of
learning, all churches, church property used
| for religious purposes. and houses of worship,
institutions Of purely public charity, public
property used for any, public purpose, and
personal property to an amount not exceeding
in value the sum of $500 to every head of a
household, shall be exempt from taxation.
Sec. 4.-The power OF taxation shall never
be surrendered, suspended or contracted away.
General laws may be enacted providing for
the taxation Of the income of all moneys in
vested Except in United States bonds, where
by express contract the owner of said money
receives a fixed rate OF interest money or
other compensation for the use or hire of said
money, and such tax shall be In lieu of all
other taxation Of such express contracts and
the income thereof. Provided, however, that
such tax shall not exceed rs per cent Of, such;
income. And provided further, that mort,
cages securing such express contracts may
by law, be taxed not to exceed per cent of
the amount thereof, and that such tax shall
be in lieu Of all other taxes upon such ex-
press contracts aud the income thereof.
J The legislature shall, by general law, pro-
vide for taxes Of all personal property and
franchises of all public service corporations
exercising or enjoying any right, privilege or
franchise granted by athe public or any mu-
nieipality, by providing for an income tax on
the gross earnings of such corporation, which
tax shall be in addition to the tax paid by
| such corporations on any real estate owned
by them, and the revenue raised by such gross
earnings tax shall be apportioned and divided
between the state, county and municipality
| where the business of such corporation Is car
ried on, in the same manner as the revenues
in said county and municipality are divided.
The rate Of such gross earnings tax may be
graded or changed by the legislature.
The minority will fight section 4 on the
floor and will present the following sub
stitute:
The power Of taxation shall never be sur
| rendered, suspended or contracted away. All
taxes shall be uniform upon the same class
of subjects, and shall be levied and collected
under general laws for public purposes. 49,