Constitution, 1885, art. 9, sec. 1.

Constitution, 1885, art. 9, sec. 1. The legislature shall provide for a uniform and equal rate of taxa- tion, and shall prescribe such regulations as shall se- cure a just valuation of all property, both real and personal, excepting such property as may be exempted by law for municipal, educational, literary, scientific, religious, or charitable purposes.

Present Laiv. Gen. St., 1906. In Florida mort- gages are taxed as personal property. Both real and personal property are subject to taxation (sec. 428). Credits are included under personal property (sec. 432), and are defined to mean every claim and demand for money. The assessment roll should contain a statement of a’l mortgages except those given for pur- chase money (sec. 512).

Georgia

Constitution, 1877, art. 7, sec. 2, par. 1. “All taxes shall be uniform upon the same class of subjects, and ad valorem on all property subject to be taxed within the territorial limits of the authority levying the tax, and shall be levied and collected under general laws.”

Present Law. Code, 1895, Mortgages in Georgia are taxable as personal property. Both real and per- sonal property are subject to taxation (sec. 767), and tax payers are required to make a return of the gross value of their notes and other obligations for money (sec. 833).

Idaho

Constitution, 1889, art. 7, sec. 5. “All taxes shall be uniform upon the same class of subjects within the territorial limits, of the authority levying the tax, and shall be levied and collected under general laws, which shall prescribe such regulations as shall secure a just valuation for taxation of all property, real and per- sonal : Provided, That the legislature may allow such exemptions from taxation from time to time as shall seem necessary and just.”

Present Law. Laws, 1907, p. 178. In Idaho the legislature took advantage of this provision and ex- empted all dues and credits secured by mortgage, trust deed, or other lien. This law has been in force since 1895. (Laws 1895, p. 48.)