The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-05

seven per cent for the fourth class, III
ona thirteen per cent for the fifth M
class Whenever the rate OF as u!
sessment levied against any lnherl. G.
tance. legacy, or other donation, Wnen 81
deducted from said inheritance, ie- p'
pacy. or other donation, would leave
the beneficiary a smaller net amour m
than he would have received haa . ;nu p
inheritance, legacy, or other DONATION e;
fallen into the next lower CLASS ~ u
the classification according to amour Il
Of actual cash value, then the la'd
of taxation shall be first calcuia ao;d u
nnon the maximum amount III .r s S
reYt inwer class. and the remalnine a
amnnnt Of the inheritance, lesaes, e
4. - ether donation shall be taxed 49, a.
~ ra+a fixed for the higher class
into which the inheritance, legacy Va
other donation falls. &c '
Duplication of inheritance ta eststs "s
between this State and o.ner o "soid'
toreipn and domestic, shall be aVo,a
. AZ hr the exemption of corporeaf
n ~ belonging to decedeht VI
this State. and situated OUTSIDE ~; ~
this State TO the extent OF any ~
h tn,J tax of such other otaee;
nna Nv the exemption OF lncorpofea4
~inhts belonging to NONRESIDENT T., u ;n
inu;siana corporations, notes, Donus'
smd evidences of debt due ny nU
;si a debtors or bearing on Lou'''
ana property, to the same eA,e 70
This tax shall also be applle onoo w
=, dnnations inter vivos, the donees
- ho divided into the same cla .;sns
ta.o az defined. All donatlons
in.or viyos to the same person ~, VIZ
II neriod of five years snali 'e
u Psf ea If together constituting
angle donation. 49,.
Legacies and donations inter WY. WHY'S y
10 educational, religious OF on en-
hle institutions, or to trustees No
Educational, religious or cnaIi'a ap;e
nurnoses shall be exempt from inns
tar unless such donation, or lesauy'
shoi, no more than half OF the ois.
nosable portion Of the testators' ~ y,
xonor's estate. in which case the laa
SshaM he imposed upon the entue
.iouacv or donation and the legatee,
eea Sonens shall be considered to 81
~
within the third class.
! 3 Such other special taxes as IN
General Assembly by vote OF w.
thirls Of all the members electea :. =
each house may from time 10 I'LL
prescribe.
Article w.
! The General Assembly shall nav
power to levy license taxes a oIay
persons. partnerships, assoe'" h,s
and corporations engaged ~ .. n%1
mess or occupations that 1aii s'f ro1
under the domain of the ponce ~.
A. and for that purpose 10 cla .:sn
ali s,,ch businesses and occupatlon
and to graduate the tax wlohn cav
class. go,
> Local subdivisions OF the STA
.nvernment shall have the power
law licenses on businesses ana occ
net;ons falling strictly within the |,
main Of the police power g pr Ply i
"a In the foregoing sectlon u aol
state. save that SUCH local i.'. .,s
- may be levied on traffic ~ m la
vinons and alcoholic liquors snali !.
ia 1esa than those levie6 by
atafa nor less than those now
hereafter to be prescribed Dy y
General Assembly as minimum ~
licenses.
1 Sinh local subdivisions, az ca
,rsv determine for itself. shall q
have the right to levy hcen GER, 40. .a
classified and graduated ,, VIII ~. ",
RECT to equality and uniformity ".
81 each class. on al businesses
u occupations not covered by secto
s &c this article; save and e1ce by
censes on corporations, persons ~
an6 associations whose properly
sns,nessee among the sources OF
e enn reserved to the State, anu
:.,.A except licenses on lndivlo'
.r~eva1 IN trades, occupations.
s.ilin 81 involving the personal
& - 1E;,l az the person to be Ia
:s = srA not falling within the domal
tha nolice power; and save ana
ren, CORPORATIONS, associations,
Il rarshtna or individuals engage
Recommendations or industrial pur
whose capital stock, OF c .ap,,aan -
mess, is less than five tnousa"u
lars and not falling within the
main 81 the police power; ana :
md md sxcept persons. firms and c
s s.1si engaged in agricultural o
ticultural pursuits. In no even.
srv snch local license exceed
tenth .of one per cent Of the
r -, Of the licensee, pro
nat no license shall be less
i 81 CO. nor shall the licenses ?
go sor IN this section be levie
s. is.a n the general property ia
s zach taxing locality, when exc
Is sixty per cent OF It's ilmi''
mn =, he sufficient to pay the
90. ses of its government. Whene
& mn license equals the
sssz levied BY the parish, only the
ipa' license shall be due anu
81 able.
q Article V.
/. All assessments Of propel
STATE purposes shall be maze
State Tax Commission, compo
ssSs three members to be electe
later than July list, 1913. BY 9. q
composed Of the Governor. ln
sa.ai4n. ond tho State TIT