The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1912-10-19

seven per cent Tor the fourth class,
and thirteen per cent for the fifth
class, Whenever the rate of as
sessnBnt levied against any inheri-
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, 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 corporal
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 inCOTpOreal
rights belonging to nonresident de-
cendents, such as shares Of stock in
Louisiana combinations, notes, bonds,
and evidences Of debt due by Lou
isana debtors or bearing on LOuISI-
ana property, to the same extent
This tax shall also be applied to
all donations inter yivos, the donees
to be divided into the same classes
hereinaboYe defined. All donations
inter Yivos 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 yivos
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 a 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
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 toI
levy licenses on businesses and occu-
patiOns falling strictly within the do
main Of the police power as prOyid-
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 |
Ill each class, on all businesses and |
occupations not covered by Section 81
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 !
Herships 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- /
rattonS engaged in agricultural Or hor .
tiCuItural 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 proyid- /
ed for in this section be levied IN |
less the general property tax Of
each taxing locality, when exercised |
to sixty per cent Of it's limit, shall |
not be sufficient to pay the eXpeu- !
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 Y.
[. All assessments Of property 70: |
State purposes shall be made by q .
State Tax Commission, composed of i
three members to be elected. not
later than July list. 1913, by a Board |
composed Of the Governor. the State |