Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-10-18

nestle corporations, organized for profit.
| excepting banks, fraternal insurance
companies. and building and loan or
homestead association. not to excee
ten dollars nat. plus not to exceed one
| twentieth Of one per cent OF the author
| tied capital stock and surplus, wnich Jay
shall be levied upon increases of capital
| stock as well as upon original issues
8. A tax on private corporations, or
ganized for profit, for the privilege OF ex
ercising corDorate functions, not to eX-
coed one twentieth OF one per cent per
annum on the outstanding capital stock
and surplus. excluding banks fraterna
and life insurance companies and oulo-
ing and loan or homestead associations
no such tax to be less than fve dollars
On foreign corporations this tax shaN
be levied on such proportions OF their
capital stock and surplus as is used In
this State in intra-State business. In
lieu of the franchise tax on capital and
surplus, life insurance companies, foreign
and domestic. not including fraternal in
surance associations. shall pay annually
a fiat fee Of $4,000 plus 50 30 on each
SO 100000 of premiums collected in Louis
lana during the preceding year
A. 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 for
hire, with permission TO the local govern
ment of the residence Of the owner tn
levy an annual license tax not to exceed
$500. One-half of the proceeds of this
State tax collected from each owner shall
remaining moiety Of such tax shall be
paid 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
within its Jurisdiction.
5. A tax on cotton future contracts.
in lieu OF all licenses to future brokers,
Of not more than fifteen nor less than
ten cents on each purchase and sale OF
each 100 bales to be paid on each trans
action, one-haf by the buyer and one
6. A tax on grain. coffee, rice and
sugar future contracts, In lieu or 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
! NJ the tax TO be paid. one-half by the
buyer and one-half by the seller.
Z. A true, progressive Inheritance tax
for the benefit of the General Fund an1
| II such tax is levied all benehciaries shall
be divided into the following classes with
the following maximum exemptions TOT
each class:
spouses. with an exemption of $4,000 each
except as to the widow, when the ex-
| emption shpll be S., 900. and exceDt as u
fbs sSen I9He she &c $500 each The
widows marital fourth shall be exempt
Second. collateral relations OF the sec
ond degree. including nephews ano
nieces and their descendants when the
estate is divided by roots. with an ex-
emption Of s.. 900 to each root. and daugh-
ters-in-law with an exemption OF $1,000
each.
Third, collateral relations Of the third
degree, excluding nephews and nieces
: and their representatives. with an ex-
emotion OF $500 each.
Fourth. all other collateral relations
! within the sixth degree inclusive, WITT
an exemption Of $3.50 each
Fifth, strangers and all collateral re-
! lations beyond the sixth degree, with ar
I exemption of 500 each.
The maximum rate OF the progressive
tax shall not exceed eight per cent Tor tins
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 NTH class
maximum rates to be attained when any
inheritance, legacy, or donation exceeds
half million dollars.
And the minimum rates Of such tas
shall be one per cent for the first class
two and one half per cent Tor the seeo conc
l for the third class seven per cent for ths
: fourth class, and thirteen per cent FOL
the nth class. Whenever the rate o.
J assessment levied against any Inherit
E ance, legacy. or other donation, when de-
: Quoted from said Inheritance, legacy
! or other lonation. would leave the
. he would have received had the IN
!, heritance, legacy or other donation faller
into the next lower class in the classi
!, ncation according TO amount OF act
uaI cash value, then the rate Of taxation
4 shall be FIRST calculated upon the maxi
. mum amount IN said next lower class
and the remaining amount of the inherit
taxed at the rate fixed for the highe
e class into which the Inheritance, legacy
: or other donation falls.
4 Duplication OF Inheritance taxes as be
$ tween this State and other States, for
n eign and domestic. shall be avoided b,
I the exemption Of corporal property be
y longing to a decedent OF this State. ant
s situated outside Of this State, to the ex
4 tent OF any inheritance tax Of such othe
= State: and by the exemption Of incor
poresl rights belonging to non-residen
n decedents. such as shares of stock Il
: Louisiana corporations, notes. bonds, an
y evidences of debt due by Louisiana debt
4 ors or bearing on Louisiana property, Z
y the same extent.
: This tax shall also be applied to all do
: nations inter vivos, the donees to be al
n vided into the same classes hereinbefor
defined. All donations inter vivos to th
same person within period Of fve year
8 ting single donation.
; Legacies and donations inter vivos I
g educational religious or charitable insu
e buttons. or to trustees for educational; re
& ligious or charitable purposes, shall b
n exempt from this tax. unless such dona
n ton. or legacy. shall be more than hal
OF the disposable portion OF the tesla
y
d the tax shall be imposed upon the entir
:. legacy or donation and the legatees
u donees shall be considered to be with
the third class.
> g. Such other special taxes as tn
General Assembly by a vote Of two third
% Of all the members elected to each hous
; may from time to time prescribe.
J Article Nv.
u /. The General Assembly shall hav
q power to levy license taxes only on per
9 sons, partnerships. associations and cor
n porations engaged in business or occupa
e tons that fall strictly under the domai
2, of the police power. and for that purpos
. to classify all such businesses and occu
y pations, and to graduate the tax With
: each class.
2. eminent shall have the power to lev
y licenses on businesses and occupation
y falling strictly within the domain Of IN
y police power as provided In the foregc
II ing section for the State. save that sue
/ local licenses as may be levied on tram
= not be less than those levied, by the Stat
!. nor less than those now OF hereafter
y be prescribed by the General Assembly
y minimum local licenses.
s. Such local subdivisions as each ma
+, determine for itself shall also have n
J; right to levy license taxes. classified an
- graduated with due respect TO eoualit
;, and uniformity within each class, on q
e businesses and occupations not covere
. by Section Of this Article; save and ez
- eept licenses on corporation person
- firms and associations whose property
'e business Is among the sources Of revenu
reserved to the State. and save and e.
~ cept licenses on individuals engaged
e trades, occupations and callings involvin
the personal labor or skill of the perso
to be taxed. and not falling within u
= domain Of the police power; and save an
| oNHAn4 42Q0Cf4fIOnN.