The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1920-10-21

In lieu Of taxes on, any class or
ishSss 9e ay dseraps s th
Municipal corporations to levy ana
ens preperty 1of
by without regard to q cash valua-
ton and, provided further. that moth.
strued to. affect, modify or repeal any
existing law providing for the. taxa
ton on Ct the gross earnings of rail- j
The purpose Of said amendment 10 to
empower the legislature to enact laws, to
such an extent, and In such a manner,
as It may determine, exemptlng from
taxation household goods, wearing 40.
parei, 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 aprlcuItur.
al fairs; and to authorize the imposition
OF graduated and progressive taxes on
Incomes, privileges and occupations.
The effect Of the amendment, II adopt.
ed, will be to accomplish the purpose
above Indicated, wit: to authorize the
enactment OF laws by the legislatures:
FIRST: Providing for the exemption
from taxation, to such an extent and In.
such manner as the legislature may de-
termlne, Of household goods, wearing ap.
parei, 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 aaricultur.
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.
Chapter 5s3, Session Laws of the state
of Minnesota for the year of 1919, pro-
poses an amendment to section 1926, Cen
eral- Statutes Minnesota 1913, and pro-
vides that said amendment shall be sub
RE at ahs 1s2e ap
election. Said section now reads as fol-
lows:
Section 1926. Every railroad COM
pany owning or operating any line Of
railroad situated within, or partly
year. 1918: and annuaily thereaftar.
pay into the treasury of this state, in
lieu OF all taxes and assessments, up
on all property. within this state. own
ed or operated for railway purposes.
by such 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 state.
On or before August IS, 1913. and
ann thereafter e each such rail
+ to law, a true and just return of all
months ending June Goth, next pre-
ceding, and the said tax of five per
centum thereon shall become due
and be payable to the state Of Min
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 31st, next
preceding, and said tax of five per
centum thereon shall become due and
payable to the state of Minnesota in
LIST, next thereafter; and the payment
OF such sums at the times hereinbe-
fore set forth shall be in full and In
lieu of all other taxes and assess
ments upon the property and fran
this act shall be construed as modify
ing any agreement entered into be-
tween any municipality within the
state and any railroad company re-
lating to the payment OF local taxes
or assessments.
The lands acquired by public grant
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
war ma 6o or noni1