The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-09
THREE TAX BILLS
BY S0MERVILLE
SENATOR FROM BROWN FATHERS
SOME IMPORTANT MEASURES.
Proposed Amendment to Allow of Regis
try Tax on Mortgages-New In
heritance Tax Measures-New Bill
Proposes Adoption Of Iowa's Distance
Tariff Law.

Senator Somerville introduced three
important taxation bills today. One is
an inheritance tax bill, designed to fol-
low the present constitution. Another
proposes a constitutional amendment
altering the language Of the present
section, and raising the limit on an in
heritance tax to 10 per cent. The third
bill proposes another constitutional
amendment permitting registry tax
On real estate mortgages, in lieu of all
other taxes. This bill, S. F. 1922, pro-
poses to ad to Section of Adrticle 8
the following:
be levied and collected a registry tax
upon all real estate mortgages which shall
be in lieu of all other taxes on the debt
secured by such mortgage.
The bill was referred to the judiciary
committee.
Provisions for collecting an in.
heritance tax are made by S. r. 1923.
Inheritances Of $4,000 to $4,000. are to
pay tax Of TX per cent; inheritances
of $4,000 to 100000, at 3 per cent;
and on all inheritances above this
the judiciary committee: The proposed
new constitutional permission Of the in
come tax is included in S. F. 3l9, which
changes the constitution to read as fol-
lows:
Provided further, that there may be by
law levied and collected tax upon all in
heritances, devises, requests, legacies and
gifts Of every kind and description above
a flXedw and specified sum, Of any and
all natural persons and corporations.
Such tax above such exempted sum may
! be uniform, or it may be graded or pro-
gressive, but shall not exceed a maximum
tax Of 10 per cent.
Iowa Railroad Law Lifted.
OBSERVATION-DISCLOSURES of Rochester in.
troduced q formidable railroad bill, a
copy of Iowa's railroad law, including
the prohibition of rebates and the
power to change rates is given the rail
road commission. The Bill, which is
S. F. 316, is explained by it's sponsor as
follows:
"This bill is the Iowa statute for
the regulation Of common carriers. Its
purpose is not in any way to cripple
any railroad corporation. 1t is ad-
mitted that every railroad should earn
a good dividend on it's investment. The
only object is to prevent rebates and
discrimination, giving merchants and
would relieve railroads of the demands
of trust concerns for rebates, and thus
aid in distributing prosperity among
all our people,
Interests Commission Men.
Commission merchants are placed
under strict supervision Of the rail
road commission by bill introduced
} by Senator Thorpe. Where such par
ties have violated the law, the railroad
commission is authorized to revoke
their license for year in addition to q
fine. The railroad commission is en-
powered to Investigate any and al
transactions, and to examine books anc
accounts. The bill was referred tt
the grain and warehouse committee.
The establishment of branch state
agricultural school at Crookston is ar
rived at in bill introduced by Senator
Stephens. Such institution is to b.
J under the direction Of the regents Of thu
| university. The exemption from taxa
ton of all properly used exclusively BY
5 the G.. A. r. is arrived at in bill by
Senator Stephens proposing constitu
tional amendment. The bill, s. F. 32l
also awards an exemption from assess
ment of $1,000 in property Of ever,
honorably discharged soldier. TIL
measure was referred to the judiciar,
committee.