The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-12

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fourths per cent for the third class
seven per cent for the fourth class
ana thirteen per cent for the fiftl
class. Whenever the rate of as
sessment levied against any inheri
lance, legacy, or other donation, whe
deducted from said Inheritance, lie
gacy, or other donation, would leay
the beneficiary smaller net amour
than he would have received had III,
inheritance, legacy, or other donation
fallen into the next lower class il
the classification according to amour
OF actual cash value, then the rat,
OF taxation shall be first calculated
upon the maximum amount in sait
next lower class, and the remaining
amount OF the inheritance, legacy
or other donation shall be taxed a
the rate fixed for the higher elias!
into which the Inheritance, legacy, o.
other donation falls.
Duplication of inheritance taxes as
between this State and other States
foreign and domestic, shall be avoid
i cd by the exemption Of corporea1
property belonging to 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 incorporea]
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 Louisi-
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 yiyos 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 viyos
to educational, religious, or charita-
bic 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 |
Article w.
!. The General Assembly shall have
power to levy license taxes only on
persons, partnerships, associations
md corporations engaged in BUSH
hess or occupations that fall strictly
lnder the domain of the police pow.
y. and for that purpose to classify
N such businesses and occupations,
md to graduate the tax within each
lass.
q. Local subdivisions of the State
government shall have the power to 9
evy licenses on businesses and 0ccu. I
ations falling strictly within the do i
lain of the police power as provid- a
q IN the foregoing section for the Y
tate, save that such local licenses Il
: may be levied on traffic in malt. c
nous and alcoholic liquors shall not e
less than those levied by The p
tate nor less than those now Or +
sfeafter to be prescribed by the
eneral Assembly as minimum local
censeG.
3. sub local subdivisions, as each 8,
~ determine for itself, shall also c,
we the right to levy license taxes, b.
apetlied and graduated with due re- il
'ect to equality and uniformity with. e
each class, on al businesses and N
cnpAfi0ns not covered by Section 2 81
this article; save and except H. M
nseS on corporations, persons. firms E,
d associations whose property or b,
lainesseb among the sources OF rev. th
ne reserved to the State, and save m
q except licenses on individuals IA
gaged in trades, occupations and la
iIlngs involving the personal labor G,
skill OF the person to be taxed, Or
q not falling within the domain of lie
9 police power; and save and ex. tn
pt corporations, associations, part e1
rships or individuals engaged in as
anufacturtng or industrial pursuits in
lose capital stock, or capital in bus
ess, Is less than five thousand dol. he
=. and not falling within the do. ty
lin Of the police power: and save bu
d except persons, firms and corpo- DC
lions engaged in agricultural or hor to
ultural pursuits. In no event shall ra
= such local license exceed one oh
It'll OF one per cent Of the gross be
,eipts Of the licensee, provided BY
Il no license shall be less than pa
90, nor shall the licenses provid- av
TOR In this section be levied un-
8 the general property i tax of
a taxing locality, when exercised Sc
sixty per cent Of its limit, shall On On
be sufficient to pay the expeu. "a
! Of It's government. Whenever a pr
lnictpal license equals the license es
led by the parish, only the munic. an
! license shall be due and collect no
Z. loa
de
Article V. &c
WI
1. All assessments of property for fro
ito purposes shall be made by a fit;
tie Tax Commission, composed Of bal
HhAr -