The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-21


ci"sD. levied against any inheri
lance, legacy. or other donatlon' "nei
deducted from said inheritance Ie
oacv or other donation, would leave
The beneficiary smaller net amount
than he would have received mad the
inheritance, legacy, or other DONATION
ta1lan into the next lower class IN
.ha Classification according to amour
~ actual cash value, then the rate
=, taxation shall be first calculated
unon the maximum amount in SAID
nnyt lower class, and the remaining
omount Of the inheritance, legacy
~ other donation shall be taxed at
Tho 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 corporeal
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 incorporeal
rights belonging to nonresident de-
cendents. such as shares OF stock IN
Iouisiaua corporations, notes, bonds,
and evidences of debt due by Lou
isiana debtors or bearing on Louisl-
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
berejnabove defined. All donations
inter vivos 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
10 educational, religious, or charita-
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 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 10
levy licenses on businesses and occu-
pations falling strictly within the do
main Of the police power as provid-
ed In the foregoing section for the
State, save that such 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 than those now or
hereafter to be prescribed by the
General Assembly as minimum local
licenses.
3. 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
III each class, on all businesses and
occupations not covered by Section 2
OF this article; save and except Ii
censes on corporations, persons, firms
and associations whose property or
businesses among the sources of rev. [
enue reserved to the State, and save
ana except licenses on individuals
engaged in trades, occupations and !
cailngs involving the personal labor
or skill Of the person to be taxed, ,
ana not falling within tie domain of
the police power; and save and ex-
cepl corporations. associations, part
nersnips or individuals engaged IN 9
or Industrial pursuits |
whose capital stock, or capital in bus
mess, y less than five thousand dol. ,
lars. and not falling within the do {
nam OF the police power; and save
ano except persons, firms and corpo- I
Iauons engaged In agricultural or hor I
licuitural pursuits In no event shall r
my such local license exceed one I
lentn OF one per cent of the gross /
feceipts Of the licensee, provided b
!eat no license shall be less than +
ls.oo. nor shall the licenses provid- a
g for In this section be levied un-
~ the general property tax of
'acn taxing locality. when exercised s
. sixty per cent Of its limit, shall Q
10Y De sufficient to pay the expen- c
'es OF Its government. Whenever a r
municipal license equals the license e
ev,ed by the parish, only the munic- a
BILE. 1oe anu 'oi'eo'' Il
Article V. G
l; All assessments of property for +,
'.a.e purposes shall be made by a Fl
h .ate Tar Commission, composed of b
aIee members to be elected not q
a,er tnan July LIST, 1913, by Board
oinposed of the Governor, the State -
.udltor and the State Treasurer a
ON among the qualified electors of :,
\ respective Railroad Commission .,
'istrlcts, as constituted at this date 81
HI tloy ChQ1l ma L. ~