The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1912-10-26

CLASS. w uSuSESI tuS Lebtc VI q"
sessment levied against any inheri.
lance, legacy, or other donation, WhenI
deducted from said inheritance, le-
gacy, OF other donation, would leave
the beneficiary smaller net amount
than he would have received had the
inheritance, legacy, or other Donation
fallen into the next lower class IN
the classification according to amour
Of actual cash value, then the rate
OF taxation shall be first calculated
upon the maximum amount in said
next lower class, and the remaining
amount Of the inheritance, legacy,
or other donation shall be taxed at
the rate fixed for the higher class
into which the inheritance, legacy, or
other donation falls.
Duplication of inheritance taxes as
between this State and other States,
foreign and domestic, shall be avoid
ed by the exemption Of c0rporeal
property belonging to a decedent Of
this State, and situated outside Of
this State, to the extent Of any in
heritance tax of such other State;
and by the exemption Of incOrporeal
rights belonging to nonresident de-
Cendents, such as shares Of stock IN
Louisiana corporations, notes, bonds,
and evidences of debt due by Lou
isiana debtors or bearing on LOuiSl-
ana property, to the same extent.
This tax shall also be applied to-
all donations inter ViyOs, the d0neeS
to be divided into the same classes
hereinabove defined. All donations
inter vivos to the same person with
in a period of five years shall be
taxed as if together constituting a
single donation.
Legacies and donations inter yiyos
to educational, religious, or charlta-
BILE institutions, or to trustees for
educational, religious or charitable
purposes, shall be exempt from this
tax, unless such donation, or legacy,
shall be more than half Of the dis
possible portion Of the teStator's, or
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 be
within the third class.
8. Such other special taxes as the
General Assembly by vote of two
thirds of all the members elected to
each house may from time to time
prescribe.
Article ".
1. The General Assembly shall have
power to levy license taxes only on
persons, partnerships, associations
and corporations engaged in bust
ness or occupations that fall strictly
under the domain Of the police pow
err. 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 TO
levy licenses on businesses and OCcu- !
patiOns falling strictly within the do
main of the police power as proVtd- !
ed in the foregoing section for the |
State, save that such local licenses |
as may be levied on traffic in malt,
vinous and alcoholic liquors shall not
be less than those levied by The |
State nor less than those now or
hereafter to be prescribed by the |
General Assembly as minimum local
licenses.
8. Sub local subdivisions, as each |
may determine for itself, shall also |
have the right to levy license taxes, |
classified and graduated with due re-
spect to equality and uniformity with
iii each class, on all businesses and |
occupations not covered by Section |
Of this article; save and except IL |
censes on corporations, persons, firms
and associations whose property or
businesses among the sources of rev.
enue reserved to the State, and save
and except licenses on individuals |
engaged in trades, occupations and !
callings involving the personal labor
Or skill of the person to be taxed, .
and not falling within the domain Of
the police power; and save and eX-
cept corporations, associations, part
nerships or individuals engaged n
manufacturing or industrial pursuits |
whose capital stock, or capital in bus
mess, is less than five thousand dol |
lars, and not falling within the do
main Of the police power; and save |
and except persons, firms and COrpO- .
ratiOns engaged in agricultural Or hOr |
ticultural pursuits In no event shall |
any such local license exceed one
tenth of one per cent of the gross
receipts Of the licensee, provided |
that no license shall be less than
$500, nor shall the licenses provid- |
ed for in this section be levied I'M !
less the general property tax Of |
each taxing locality, when exercised |
to sixty per cent Of its limit, shall
not be sufficient to pay the eXpen-
Ses Of its government. Whenever a |
municipal license equals the license
levied by the parish, only the munic-
ipa' license shall be due and collect |
able.
Article V.
1. All assessments Of property for |
State purposes shall be made by a |
State Tax Commission, composed Of
three members to be elected. not
later than July LIST, 1913, by a Board |
composed of the Governor, the State |
Auditor and the State Treasurer
from among the qualified electors Of
tho rpSDpp+iva poi1rDo1 C0,O D1iccioD |