Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-13

share.
q A tax on the organization Of do
nestle corporations. organized LOT pronl
excepting banks. fraternal insurance
companies, and building and loan or
| homestead association. not to exceed
| ten dollars fiat. plus not to exceed one
/ twentieth Of one per cent OF the author-
| lied capital stock and surplus. which tax |
| shall be levied upon increases OF capitai |
stock as well as upon original issues
g. A tax on private corporations, or
eanized for profif for the privilege of ex-
| ercisinR corporate functions, not to ex-
coed twentieth of one per cent per
annum on the outstanding eapitaI . s1ocH
and life Insurance companies ana oullo-
ing and loan or homestead ASSOCIATIONS
no such tax to be less than nVe oona sI;
be levied on such proportions OF their
capital stock and surplus as Is useo "
this State in intra- State business; IL
lieu of the franchise tax on capital ana
surplus life insurance companies, foreign
and domestic. not including fraternal in
surance associationsS; shall pay annn aanS
$40 600 90 Of premiums collected In Louis
lana during the preceding year.
4. The annual ad valorem tax on all
automobiles and taxicabs, ana also on
Ali other auto-driven vehicles used for
| TRANSPORTATION Of persons or freight Tor
hire. with permission to the local govern
ment of the residence of the owner TO
levy an annual license tax not to exceed
, az 90 One-half of the proceeds OF this
, state tax collected from each owner shall
, go to the State good roads funds; the
maid over by the State to the governing
, authority of the locality from which the
machine is registered, to be devoted ex-
ciusively by such governing authority 70
the Improvement Of the public highways
! within its Jurisdiction
g. A tax on cotton future contracts,
in lieu Of all Green 70 por ess tsnn
: ten cents on each purchase ana SAFE 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
E sugar future contracts. In lieu OF all
: licenses to future brokers. OF not more
!, than one per cent on the commissions
paid on each transaction. Each unit con-
: tract as established by the rules OF the
T Of the tax, to be paid, one-hah by the
buyer and one-half by the seller
Z. A true, progressive inherltance tax
for the benefit of the General Fund, ano
II such tax is levied all benehclaries sna,l
be divided into the following classes WIN
the following maximum exemptions TOT
First. ascendants, descendants, and
spouses with an exemption OF Sz,VOV eacn'
EXCEPT as to the widow, when the ex-
emption shall be IS, 900. and except as to
children under the ages Of sixteen, when
the exemption shall be $500 each- Inc
widows marital fourth shall be exempt
Second. COllaIcfdl TeidliOHS VI NhC ~
9 ond degree. including nephews a ~.
. nieces and their descendants wnen tnt
, estate Is divided by roots. with an ex'
le emption of $1,000 to each root and daug sn,
" ters-in-law with an exemption OF $l'Vo'
Third, collateral relations Of the thir,
\ degree, excluding nephews ana niece
ID emption Of $500 each.
L. Fourth all other collateral relation,
OF within the sixth degree inclusive VIII
ne an exemption of $3.50 each
c. Fifth strangers and all collateral re
al lations beyond the sixth degree, with al
ny exemption Of 800 each.
of The maximum rate Of the progresSlV
tax shall not exceed eight per cent for tn
arst class twelve per cent for the secon'
r class. sixteen per cent for the third class
per cent Tor sG the 1ss ioSr th Gas:
be maximum rates to be attained wnen an
u inheritance. legacy. or donation exceed
r. a half million dollars A..
all And the minimum rates OF such Ia
IL shall be one per cent for the first class
en- two and one-haf per cent Tor the secon
n class. three and three-fourths per Ger
TAI for the third class. seven per cent for IN
n fourth class. and thirteen per cent 10
to the fifth class. Whenever the rate {
a assessment levied against any inherit
be ance legacy. or other donation, when de
IS Quoted from said Inheritance, legae
cd or other donation, would leave tn
u beneficiary a smaller net amount tina
cd he would have received had the u
is, heritance legacy or other donation falle
ne i,fa tbe newt lower class in the class
te, location according to amount OF ac
ID nal cash value, then the rate OF taxatio
ch shan be irst calculated upon the max
an mum amount IN said next lower Gas
To- and the remaining amount OF the inheri
Ter ance. legacy. or otner aonation sn h,sh,
I've class into which the inheritance, legac
IA or other donation falls
nd Duplication Of inheritance taxes as o.
les tween this State and other States. 10
on eign and domestic, shall be avoided
put the exemption of corporal property b
ity longing to a decedent Of this State, al
ons situated outside. Of this State: to the e
of tent OF any inheritance tax OF such 9th
yer state: and by the exemption OF inco
poreal rights belonging to non-reside
ION decedents' sucn a. ass snars sss OF honSs a,
svy evidences of debt due by Louisiana deb
OF ors or bearing on Louisiana property,
ne mis- tau shall also be applied to all d
wo- nations inter vivos. the donees to be
ach vided into the same classes nerelnDeio
defined. All donations inter vivos to I
same person within a period OF nve yes
ev- shall be taxed as II together constit
as ting single donation:
re Legacies and donations inter vivos
rds educational, religious OF charitable ms
use tutions, or to trustees for educational. ]
ing ligious or charitable purposes, snail
lion exempt from this tax, unless such don
rein ton, or legacy, shall be more than n
of the disposabls portion Of the test
Tote tors or donors estate. In Wnlcn e
tied the tax shall be imposed upon the ent
bly,, legacy or donation and the legatees
OF donees shall be considered to be VIII
the third class.
pro- s. Such other special taxes as
General Assembly by vote OF two-thil
IONS Of all the members elected 10 eacn MOI
OPP may from time to time prescribe
ris- Article Nv.
OF I. The General Assembly snail ns
med power to levy license taxes only on u
and sons, partnerships, associations ana g
ton porations engaged in business or occur
age lions that fall strictly under the DOM
line, Of the police power, and for that purp
ress TO classify ali such businesses and oc.
re- pations, and to graduate the tax wit
pur- each class.
this 2. Local subdivisions Of the State 9
NIP. eminent shall have the power 10 i
ater licenses on businesses and occupant
Tor falling strictly within the domain OF
line police power as provided In the lore
ignt ing section for the State, save that 8
! be in malt, vinous and alcoholic liquors 81
rail- not be less than those levied by the 81
nept nor less than those now or hereafter
py be prescribed by the General Assembly
ctr1c minimum local licenses
De Such local subdivisions as eacn n
determine for itself shall also have
onal; right to levy license taxes, classined
ana aIs graduated WITH due respect 70 equs
kers and uniformity within each class, on
save businesses and occupations not cove
and by Section of this Article; save and
ano cept licenses on corporations, perst
rear firms and associations whose properly
De business is among the sources OF reve
mis- reserved to the State, and save and
ogue cept licenses on individuals engaged
state trades, occupations and callings involN
the personal labor OF skill OF the per
- TaAf