The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-03

seven per cent lOl tHe io"i.n 80,
and thirteen per cent Tor the liltn
class Whenever the rate OF as
sessment levied against any lnheri
lance legacy, or other donation, Wnen|
deducted from said inheritance, le-
eacv mr. other donation, would leave
the beneficiary smaller net amount
than he would have received mad tue
inheritance, legacy, or other doha''on
fallen into the next lower CLASS III
the classification according to- amour
If actual cash value, then Inc ra'e
NJ taxation shall be first calculateu
mon the maximum amount IN saiu
next lower class, and the remalhins
mount of the Inheritance, legacy
~ other donation shall be taxed al
tho rate fixed for the higher Class
into which the inheritance legacy u
other donation falls.
Duplication of inheritance taxes as
between this State and other otaIes'
foreign and domestic, shall be avon,
cd nv the exemption Of corporeai
nroperty belonging to a decedent o.
this STATE, and situated outside Oh
this State, to the extent OF any III,
heritance tax of such other STATE;
and nv the exemption of lncorporeal
rights belonging to nonresident de,
cendents, such as shares OF s'ock ~
Louisiana corporations, notes, Donus'
and evidences of debt due by LOU
isiana debtors or bearing on Lou'si
ana property, to the same extelV'
This tax shall also be applied 10
all donations inter yivos, the donees
IN no divided into the same classes
hereinaboye defined. All donations
inter vivos to the same person WIN.
in a period of five years shall oe
taxed as if together constituting
single donation.
Legacies and donations inter ylyos
IN educational, religious, or charlta'
BILE institutions, or to trustees iol
educational, religious or charltaoie
purposes. shall be exempt from this
tax unless such donation, or legacy,
shall be more than half Of the dis
possible portion Of the testators, OF
donors estate, in which case the TAX
shall be imposed upon the entire
legacy or donation and the legatees
or donees shall be considered to- De
within the third class.
8. Such other special taxes as the
General Assembly by a vote OF TWO
thirds of all the members elected to
each house may from time to time
prescribe.
Article w.
1. The General Assembly shall nave
power to levy license taxes only on
persons, partnerships, assoclatlons
and corporations engaged in bust
ness or occupations that fall strictly
under the domain of the police pow
er. and for that purpose to CLASSIFY
all such businesses and occupations
and to graduate the tax within each
class.
2. Local subdivisions of the State
government shall have the power u
levy licenses on businesses and occu
pations falling strictly within the do
main Of the police power as provld
ed In the foregoing section for TN
State, save that such local licenses
as may be levied on traffic in malt
yinous and alcoholic liquors shall no
be less than those levied by IN
state nor less than those now o
hereafter to be prescribed by tn
General Assembly as minimum loca
licenses.
3. sub local subdivisions, as eacl
may determine for itself, shall ais
have the right to levy license taxes
classified and graduated with due re
spect to equality and uniformity with
IN each class, on all businesses an
occupations not covered by Section
Of this article: save and except Il
censes On corporations, persons, firm
and associations whose property o
businesses among the sources of rev
enue reserved to the State. and saw
and except licenses on individual
engaged In trades, occupations an
callings involving the personal labo
or skill Of the person to be taxed
and not falling within the domain {
the police power; and save and e.
cept corporations, associations, par
nerships or individuals engaged
manufacturing or industrial pursuit
whose capital stock, or capital in bu
mess, Is less than five thousand do
lars. and not falling within the d
main Of the police power; and say
and except persons, firms and corp
rations engaged in agricultural or no
ticultural pursuits. In no event sha
any such local license exceed on
tenth OF one per cent OF the eros
receipts Of the licensee, provide
that no license shall be less tina
$500, nor shall the licenses provl
# cd for In this section be levied u
less the general property tax
each taxing locality, when exercise
to sixty per cent of it's limit, sha
not be sufficient to pay the expe
SEES Of it's government. Whenever
municipal license equals the licen!
levied by the parish, only the mum
ipa' license shall be due and cOlle(
able.
Article V.
1. All assessments of property +
State purposes shall be made by
State Tax Commission, composed
three members to be elected, n
later than July LIST, 1918, by Boa
composed Of the Governor. the Sta
ell