The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-10-12

seven Pr cent lot ~ cor the fifth
.snd thirten per cehe -l-e sof as
class. -Waenevver aIv ny inheri
4 sessment 1sgied AGAIN Iolation wher
{ lance, legacy. loF.Qtner I'M nh yltance, le
% deducted npeaSxs E Mould leave
hs RspsiiGl.e - 49, : Il. srsas u,
7nhef itance, legacy,nc. o.. fonaton
fallen into the next To- lass in
the classification ,acc6rr to amour
of actual cash valLe, the rate
o. taxation shall be fist calculated
upon the maximum amount IN said
next lower class, and the remaining
amount Of the inheritance, legacy
or other donation shall be taxed al
the rate fixed for the higher class
into which the inheritance, legacy, OF
other donation falls.
Duplication of Inheritance taxes Jas
between this State and other States
foreign and domestic, shall be avoid,
ed by the exemption Of corDoreal
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 ir1cerporeel
rights belonging to nonresident DE-
cendents, such as shares of stock IN
/ Louisiana corporations, notes, bonds,
and evidences of debt due by Loo-
isiana debtors or bearing on LouMr
ana property, to the same extent. III
This tax shall also be applied sto
all donations inter vivos, the donees
to be divided into the same classes
hereinabove defined. All donations
4 inter vivos to the same person with
4 in a period of five years shall be
taxed as If together constituting a
single donation. 81
Legacies and donations inter viyos
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.
s, 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 w.
III. Tha General Assembly shall have
p9Kprx0 levy license taxes only on
peitonx9 partnership associations
and @6orporations engaged in bust
nesSyle occupations that fall strictly
und ~ the domain of the police pow
ser. and for that purpose to classify
all such Businesses and occupations,
and to graduate the tax within each
class. 80
3. Local subdivisions of the State
government4sh4ll Have the power 10
levy licenses ~ Businesses and occu-
pations falliH krictly within the do
main Of th4 clice power as provid-
ed IN the acf1Kping section for the
State, save that sflch local licenses
az may be levied On traffic in malt.
vinous. and alcoholic liquors shall not
be less than those levied by The
State nor less. thAa1 those now or
hereafter to be 1pr6scribed by the
General Assembly ,ai, minimum local
licenses.
3. sub local subj divisions, as each
may determine far fitself, shall also
have the right tlry license taxes,
classified ana gr4dul Eed with duo re-
spect to eqlRiity ,andl iforinity with |
"a each claSe 81 All Illnesses and
oecupations not covsl6l by Section 2 |
q this article: savd Ind except H.
censes on cCFpOratioIn9 persons, firms
Ind associations VIE Ne property or
businesses among the sources of rev.
enue RESERVED Is III State. and save
md except licen6A8 ON individuals
engaged IN trade& occupations and
calAnEs involving the personal labor
q eMn Of The person to be taxed,
~ 1ot -xding within the domain of
Police power: and save and ex-
Kept corporations, associations, part
.nerships or individuals engaged IN
manufacturing or industrial pursuits
whose capital stock, or capital in bus
iness. 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 0uSu ioSdl lNCLlSt 0ACctu
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-
SEES Of its government. Whenever a
municipal license equals the license
levied by the parish, only the munic-
ipa' license shall be due and collect
"a Article ".
I. All assessments of property for
State purposes shall be made by a
State Tx Commission, composed of
three members to be elected. not
later man July LIST. 1913, by Board
composer OF the Governor, the State
Auditor and the State Treasurer
from among the qualified electors of ,
the respective Railroad Commission
Districts, as constituted at this date. ,,
and they shall NOT be subject to re-.