The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1920-10-28

amount OF income from taxation may
6e provided sn and such taxes nay be
legislature may determine: Provided
municipal Corporations Ai to- ie H ana
collect assessments for local improve
ments upon property benefited there
ton, and, provided further, that moth.
Ing herein contained shall be con-
Htrusd to affect. modify or repeal any
existing law providing for the taxa
roads,
The purpose Of said amendment Is to
empower the legislature to enact laws, to
such an extent, and in such a manner,
as It may determine, exemptlno from
taxation household goods, wearing ap.
pare', agricultural products In the pos.
session Of the producer, tools implements
and machinery, and all real and personal
property owned by county agricultural
societies and used for holding agr;euitur.
al fairs; and to authorize the imposition
Of graduated and progressive taxes OH
Incomes, privileges and occupations.
The effect Of the amendment, If adopt.
ed will be to accomplish the purpose
above Indicated, to-wit: to authorize the
FIRST: Providing for fire exemption
from taxation, to such ain extent and In
such manner as the legislature may de.
termine, OF household goods, wearing ap.
pare', agricultural products in the pos
session Of the producer, tools, implements
and machinery, and all real and personal
property owned by county agricultural
societies and used for holding agriculture
al fairs.
SECOND: Providing for the imposition
of graduated and progressive taxes on
incomes, privileges and occupations.
PROPOSED LAW RELATING TO THE
TAXATION OF RAILROAD PROP
ERTiEs.
OF Minnesota for the year of 1919, pro-
poses an amendment to section 1926, Gem
eral Statutes Minnesota 1913, and pro-
mitted to the people of this state for APP
prevail or rejection at the 1920 general
election. Said section now reads as fol-
lows:
Section 2226. Every railroad COM
pany owning or operating any line Of
year. 1918, and annually thereafter.
pay into the treasury of this state, in
on all property within this state, own :
ed or operated for railway purposes.
l by such e company: Including equip
and franchises thereof, a sum Of
money equal to five per cent of the
gross earnings derived from the oper-
alton OF such line of railway within
this sta te.
On or before August IS, 1913, and
annually thereafter, each such rail- +
to law, true and just return OF all
such gross. earnings for The six
m months ending June sotI, next pre- .
centum thereon shall become due
and be payable. to the state of Min
nesota in. manner provided by. law. J
on September 1St, next thereafter.
On or before February Is, 1914. !:
and annually thereafter, each such
railroad company shall make, accord !.
all such gross earnings for the six
months ending December 3!st, next
preceding, and said tax OF I'VE per
payable to the. state of Minnesota in !;
manner provided by law, on March
a at s next s and the payment
fore set forth shall be in full and in
lieu of all other taxes and assess
chises SO taxed: provided lao 5i ia
this act shall be- construed as modify |
Ing any agreement entered into be-
state and any railroad company re-
lating to. the payment OF local taxes
Or assessments.
shall be and remain exempt from
taxation until sold or contracted to be
sold or. conveyed as provided in the
respective acts whereby such grants
We're made or recognized
II amended as proposed it will read