The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-24

and thirteen per cent TOT lie lin
class. Whenever the rate OF as
sessment levied against any inherl'
lance, legacy, or other donation, when
deducted from said Inheritance, le'
gacy, or 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 OF
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 corporeal
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 Loulsl'
ana property, to the same extent.
This tax shall also be applied to
all donations inter vivos, the donees
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 il together constituting a
single donation.
Legacies and donations inter viyos
to educational, religious, or charlta'
Bile institutions, or to trustees fo1
educational, religious or charitable
purposes, shall be exempt from this
II tax. unless such donation, or legacy
shall be more than half of the dis
possible portion of the testator's, OF
donors estate, in which case the tas
shall be imposed upon the entlre
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 a vote OF Two
thirds Of all the members elected Il
each house may from time to time
prescribe.
Article w.
/. The General Assembly shall have
power to levy license taxes only OIL
persons, partnerships. associations
and corporations engaged IN Dusl
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
nations falling strictly within the do
main Of the police power as PROVO
4 ed IN the foregoing section tor tnt
State, save that such local licenses
as may be levied on traffic in malt
J vinous and alcoholic liquors shall no
be less than those levied by M
state nor less than those now o
hereafter to be prescribed by tn
General Assembly as minimum loca
licenses.
Il s. sub local subdivisions, as eacl
may determine for itself, shall ais
have the right to levy license taxes
classified and graduated with due r
spect to equality and uniformity with
81 each class, on all businesses an
occupations not covered by Section
Of this article; save and except !
censes on corporations, persons, firm
and associations whose property Q
businesses among the sources of re0
euue reserved to the State, and say
and except licenses on individual
engaged IN trades, occupations an
il calltngs involving the personal labt
Or skill Of the person to be taxe'
and not falling within the domain
the police power; and save and e
cent corporations, associations, PAL
nershipe or individuals engaged
manufacturing or industrial pursui
whose capital stock, or capital In bu
iness, Is less than five thousand dc
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 he
ticultural pursuits, In no event shs
any such local license exceed on
tenth Of one per cent Of the gro
receipts Of the Ncensee, provide
that no license shall be less thu
$500, nor shall the licenses provi
ed for In this section be levied u
less the general property tax
each taxing locality, when exercise
to sixty per cent Of its limit. sh'
not be- sufficient to pay the expe
seg Of It's government. Whenever
81 49, municipal license equals the licen
levied by the parish, only the mum
.ipa' license shall be due and cole
able.
Article V.
1. All assessments of property
State purposes shall be made by
State Tax Commission, composed
three members to be elected.
q n