The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-10

seven per cent for the fourth class,
and thirteen per cent for the fifth
class. Whenever the rate Of as
sessment levied against any inherl'
lance, legacy. or other donation, when
deducted from said inheritance, le-
gacy, or other donation, would leave
the beneficiary smaller net amount
than he would have received had the
inheritance, legacy, or other donatlon
fallen into the next lower class III
the classification according to amour
of actual cash value, then the ra'e
OF taxation shall be first calculateu
upon the maximum amount IN salu
next lower class, and the remaihins
amount of the inheritance, legacy
or other donation shall be taxed AZ a..
the rate fixed for the higher class
into which the inheritance, legacy or
other donation falls.
Duplication of inheritance taxes Stst az %
between this State and o.her o'aets'
foreign and domestic, shall be a'oiu,
Cd Nv the exemption of corporeal
property belonging to a decedent ol
This state. and situated outside or
this state, to the extent of any IN
heritance tax of such other state; !;
and by the exemption OF lncorporeal
rights belonging to nonresident de.
cendents, such as shares OF STOCK ~
Louisiana corporations, notes, ponus'
and evidences of debt due by LOU
isiana debtors or bearing on Loulsl'
ana property, to the same extent.
This tax shall also be applied 70
all donations inter viyos, the donees
tn he divided into the same classes
hereinaboye defined. All donations
inter vivos to the same person Wltn'
in a period of five years snall pe
taxed as if together constituting
single donation.
Legacies and donations inter viyos
to educational, religious, or charlta
HE institutions, or to trustees 1ol
educational, religious or charltaDie
purposes. shall be exempt from this
tax. unless such donation, or legacy
shall be more than half Of the dis
possible portion of the testators, OF
donors estate, in which case the tai
shall be imposed upon the entre
legacy or donation and the legatees
or donees shall be considered to Of
within the third class.
8. Such other special taxes as thu
General Assembly by vote OF TWO
thirds of all the members elected u
each house may from time to time
prescribe.
Article w.
/. The General Assembly shall hav'
power to levy license taxes only OF
persons, partnerships, association
and corporations engaged IN bust
ness or occupations that fall strict!
under the domain Of the police pow
er. and for that purpose to classif!
ali such businesses and occupations
and to graduate the tax within eacf
class.
2. Local subdivisions of the State
government shall have the power Il
levy licenses on businesses and occu
pations falling strictly within the do
main Of the police power as provld
ed in the foregoing section for tn
State, save that such local ltcense'
a. may be levied on traffic in malt
vinous and alcoholic liquors shall no
be less than those levied by IN
state nor less than those now Q
hereafter to be prescribed by III
General Assembly as minimum loca
licenses.
8. sub local subdivisions, as eacl
may determine for itself, shall ais
have the right to levy license taxes
classified and graduated with due r
spect to equality and uniformity with
III each class, on all businesses an
occupations not covered by Section
Of this article; save and except i
censes on corporations, persons, firm
and associations whose property o
businesses among the sources Of rev
enue reserved to the State, and say
and except licenses on individual
engaged in trades, occupations an
callings involving the personal labo
or skill of the person to be taxed
and not falling within the domain {
the police power: and save and e.
cept corporations, associations, par
nerships or individuals engaged :
manufacturing or industrial pursuit
whose capital stock, or capital in bu
mess, is less than five thousand do
lars. and not falling within the d
main Of the police power; and say
and except persons. firms and corp
rations engaged in agricultural or no
ticultural pursuits In no event sha
any such local license exceed on
tenth Of one per cent Of the gros
receipts Of the licensee, provide
that no license shall be less tina
$500, nor shall the licenses PROVE
ed for in this section be levied Vi
less the general property tax
each taxing locality, when exercise
to sixty per cent of its limit, sha
not be sufficient to pay the expe
ses Of its government. Whenever
municipal license equals the licen'
levied by the parish, only the NUM-
ipa' license shall be due and collet
able.
Article V.
/. All assessments OF property +
& State purposes shall be- made by
State Tax Commission, composed
three members to be elected. n
later than July st, 1913, by "a Boa
/. nannnnnd ~ Ahn Eovorn0a tho Sta