The Natchitoches enterprise. (Natchitoches, La.) 1888-1965, 1912-10-03

/. tax on the transfer Of stocks in
corpora tions not to exceed cents a
share.
2. tax on the organization of do
nestle corporations. organized Ior prom,
excepting banks, fraterna nal insurance 1aan oT
homestead association. not to exceed
ten dollars fat plus not to exceed one
twentieth of one per cent OF the author
lied capital stock and surplus, which tax
shall be levied upon increases OF capltal
stock as well as upon original issues.
3 A tax on private corporations. or
ganized for profit, for the privilege OF eX-
erciSing corporate functions not TO eX-
coed one-twentieth of one per cent per
annum on the outstanding capital stock
and surplus, excluding banks tTateL .Is
and life insurance companies anu p !L
ing and loan or homestead associations;
no such tax to be less than hVe dollars:
On foreign corporations this taE shall
be levied on such proportions OF their
capital stock and surplus as IS used III
this state in intra-State business; In
lieu of the franchise tax on capital and
surplus. life insurance companies, foreign
and domestic, not including traterhal IN III.
surance associations, shall nay annuaily
fiat fee of $4,000 plus $3.50 on each
$40 600 90 Of premiums collected in Louis
lana during the preceding year.
4. The annual ad valorem tax on all
automobiles and taXicabs, and also on
all other auto-driven vehicles. used for
TRANSPORTATION of persons or freight Tor
hire, with permission to the local govern
ment of the residence Of the owner 70
levy an annual license tax not to exceed
s.. 90 One half of the proceeds OF TINS
state tax collected from each owner shall
go to the State good roads funds; the
remaining noiety of such tax shall be
Maid over by the State to the governing
authority of the locality from which the
| machine is registered to be devoted ex-
clusively by such governing authority TO
| the Improvement of the public highways
| will hin jurisdiction.
s. A tax on cotton future contracts,
| in lieu Of all licenses to future brokers,
of not more than fifteen nor Jess sa, tha an
each 100 bales, to be paid on each trans
action, one-half by the buyer and one
| half by the seller.
! sugar future contracts, in lieu of all
| licenses to future brokers, of not more
| than one and one-half per cent nor less
than one per cent on the commissions
paid on each transaction. Each unit con
| tract as established by the rules OF the
respective exchanges shall be the basis
J of the tax, to be paid one-ha!f by Inc
/ buyer and one-half by the seller.
| T. A true, progressive inheritance tax
for the benefit of the General Fund, an6
| II such tax is levied all benehclar1es shaIl
| be divided into the following classes with
the following maximum exemptions lol
| each class:
| First, ascendants, descendants, and
J spouses, with an exemption OF $2'oV9 eacn'
| emption shall be $4,000, and except as 20
children under the ages Of sixteen, Wn 1
the exemption shall be $4,000 each. Inc
widows marital fourth shaIl be eAelIipI
! Second, collateral relations OF the sec
end degree, including nepheWs ano
pieces and their descendants when tne
estate Is divided by roots, with an eX-
emption of 81, 600 to each root, and daugn y,
ters-in-law with an exemption of $l,eOC
each.
Third, collateral relations Of the third
degree, excluding nephews ana nieces
and their representatives, with an eX-
emption of $500 each.
Fourth. all other collateral relations
within the sixth degree inclusive, witr
an exemption Of $3.50 each ,..,
Fifth, strangers and all collateral re,
lations beyond the sixth degree, with al
exemption of $10e each.
The maximum rate of the progresslv'
tax shall not exceed eight per cent Tor I'M
first class, twelve per cent for the second
class, sixteen per cent for the third class
TWENTY-FIVE per cent for the fourth class
and thirty per cent for the nIth class
inheritance. legacy, or donation eXceeo
a half million dollars.
And the minimum rates OF such tai
shah be one per cent for the flrst class
two and one half per cent for the secon'
class, three and three fourths per cen
for the third class, seven per cent LOT en-
fourth class, and thirteen per cent I0
the fifth class. Whenever the rate o
assessment levied against any inherit
ance, legacy, or other donation, when de
Quoted from said inheritance, legac,
or other donation Donation, would t ar LEAVE +ta n
he would have received had the IA
. heritance legacy or other donation fasle
} into the nj LIVER class In the class
/. fcation avg to amount Of act
ss~ss.ss~ .tsaa = ArE So 10
Il SHAH be first calculated upon the maxi
mum amount in said next lower class
and the remaining amount OF the inherit
; ance legacy, or other donation shall b
taxed at the rate fixed for the highe
class into which the Inheritance legacy
or other donation falls.
Duplication Of inheritance taxes as be
tween this State and other States, for
eign and domestic, shall be avoided D,
the exemption of corporal preperty be
longing to decedent of this State. an
situated outside OF this State, to the ex
I tent of any Inheritance tax of such othe
State: .and by the exemption OF incor
poreal rights belonging to non-residen
decedents, such as shares OF stock Il
Louisiana corporations, notes, bonds, an
evidences of debt due by Louisiana debt
ors or bearing on Louisiana property, t
the same extent.
This tax shall also be applied to all do
nations inter vivos, the donees to be al
! yfded into the same classes hereinbefor
defined. All donations inter vivos to tn
same person within a period OF nve year
shall be taxed as IL together constltu
} ting a single donation.
Legacies and donations inter vivos I
3 educational, religious or charitable inst
: tutions, or to trustees for educational, re
: lfgious or charitable purposes, snail
/ exempt from this tax, unless such dona
j ton, or legacy, shall be more than hal
of the disposable portion of the tesla
2 tors or donors estate, in which cas-
] the tax shall be imposed upon the entir
, legacy or donation and the legatees 9
I donees shall be considered to be With
the third class. =,
s. Such other special taxes as tn
C11a A1-o hi VnfA
3 of all the members elected to each nous
may from time to time prescribe.
Article w.
I l. The General Assembly shall nav
] power to levy license taxes only on pei
! sons, partnerships, associations and col
\ porations engaged in business or occups
e lions that fall strictly under the domal
, of the police power, and for that purpos
s to classify all such businesses and occu
pations, and to graduate the tax With
each class.
s 3. Local subdivisions of the State gov
> | eminent shall have the power to lev
I ! licenses on businesses and occupatlon
r falling strictly within the domain of tn
e police power as provided in the foregc
I ing section for the State, save that sue
: local licenses as may be levied on tram
e in malt, vinous and alcoholic liquors sha
: not be less than those levied by the stat
I nor less than those now or hereafter
y be prescribed by the General Assembly
{ minimum local licenses.
g. Such local subdivisions as each ma
determine for itself shall also have tf
!; right to levy license taxes, classified an
q graduated with due respect to equai1t
J, and uniformity within each class, on
e businesses and occupations not covere
q by Section Of this Article: save and e.
q cept licenses on corporations, person
! firms and associations whose property
e business is among the sources of revenI
: reserved to the State, and save and e.
e cept licenses on individuals engaged
e trades, occupations and callings involv1r
| +ba pereonal labor or skill of the perSO
: to be taxed, and not falling within II
:, domain of the police power; and save ar
q except corporations, associations, par
s nerships or individuals engaged In mani
e featuring or Industrial pursuits who's
), capital stock, or capital in business,
y less than five thousand dollars, and M
falling within the domain Of the polio
s. power; and save and except person