The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1912-11-01
a.,... ,.aanhoat motor boat, .teamshih

|
nracticoIlv severed from the street ran.
road business for purposes OF assess'nent
then such severance shaH be ihdHe
the Tax Commission and such e!ecuns
| light and power business snaA not ~
source Of state revenue.
3:d All banks, State and Natonel
linCluding savings banks. trust banks ans
trust companies and all private bankers
whether individuals or partnerships saw
that the real estate OF all banks ana
bankers shall he locally assessed sna
taxed The assessments OF the reA
estate Of banks and bankers shall Do
eQualized annually by the Tax ComIn.s
sion to the basis established and IN Vogas
In each locality where such real es'A'
Is located. 49,.
4th. An insurance companies inolud'
ling bonding and surety companies lo'
eicn or domestic, and all persons ana
partnerships engaged in insuring persons
, or propertv save that al the rea! esta's
, and corporal property OF such companies
. persons or partnerships shall be Locally
, assessed and taxed. NJ,
! 9Th All sugar retineries, rice nilNh
cotton seed oil mills cotton seed oil re.
fnnries and retineres OF petroleum aho
! its products sugar refinery Is heren5
! Idafned TO be a concern that buys ana re-
! fines raw sugar exclusively, or concern
= that huvs and rctineS more raw sugar
than the aggregate of the sugar prOduceo
:. by it from cane grown and purchased oy
; 9Th. All mines OF sulphur. salt or other
: minerals all oil or gas wells, all stohs
- Cuarries sand, gravel and shell PITS.
:. 8 Only the operative property OF State
> sources Of revenue shall be segregated 'e
the state The General Assembly shall
:, define, in manner not inconsistent WIZ
:, any provisions Of this amendment What
;, the lucrative property of each such
n source is. Real estate and the improve
- ments thereon forming part Of any rail-
!, road terminal depot or yard or ware
=, house or shop, acquired after July 4
g 1912, even though it may form part OF
- the operative property Of any railroad,
u shall not he considered a source OF Stats
revenue except by constitutional amend
ment, unless such property had heen'
prior to said date. part Of rallroad ter
minal, depot, ward, warehouse or shop.
l. All other property subject TO taxa.
ton eyCent as herein sNeCifed, or exceps
as may hereafter he directed by vote
Of two thirds Of All the members elected
10 each house Of the General Assembly,
shall be sources Of local taxation
Article M.
The General Assembly shall have power
To levy for State purposes the 1olio"lhs
special taxes:
A tax on the transfer OF stocks IN
le. cornorat tons not to exceed cents q
~ share.
'te 2. tax on the organization OF 90
~" nestle corporations, organized lor proit )
~ excepting banks. fraternai msuIa's =.
us Comranies. and building and loan OF
, homestead association. not to exceed
-he Ten dollars fat, plus not to exceed ohs'
'u twentieth Of one per cent OF the authoI.
ers lied capital stock and surplus, when ta1
la' shall be levied upon Increases OF capi'A
on stock as well as upon original ISSUES
70 tax on private corporations. OF
FOR oanized for profit, for the privilege OF eA
on ercising corporate functions, not 20 ea
the coed one-twentieth Of one per cent pc
aplir IN initial
fol- and surplus excluding banks fraterns
and life insurance companies ana buiIu
Az ing and loan or homestead associations
nee no such tax to be less than hVe cohsl'
o. On foreign corporations TINS tak . NC
he levied on such proportions OF the'
'ef. ran,tal stock and surplus as 1s useo
sed this state in intra-S business
ted lieu Of the franchise tax on caphal an
sei snrnlus, life insurance companies loLeis
tho md domestic. not including fraternal i!
all s,rance associations, shall pay annuaii
in. fat fee Of $4,000 plus 81. so on eac
the s1n 0On 90 of premiums collected IN LOUIE
rds; lana during the preceding year.
the a. The annual ad valorem TAX on q
ana automobiles and taxicabs. and s'so
re- ali other auto driven vehicles used J,
or TRANSFORMATION Of persons or freight II
ne" hire, with permission to the local SoVeri
pro- ment of the residence Of the owner
J OF levy an annual license tax not 10 eHt 81
or $500 One-half Of the proceeds OF tn
state tax collected from each owner sn;
on To the state good roads funds; q
Mt remaining moiety of such tax shan
neM over by the State to the govern,
authority Of the locality rom do wrLted a
clusivelv by such governing authority
tba Improvement Of the public high"a
within its jurisdiction
ia. tax on cotton future contrac
IL ne,, NJ all licenses to future broke
~ not more than fifteen nor less tn
IT, .er cents on each purchase and sale
Zach 100 bales. to be paid on each traf
action, one-half by the buyer and OF
,er.s half by the seller. 49,,
PEG. AGAR future contracts, in lieu OF
eling licenses 10 i,'u, W. ba,f nor cent nor L
than one per cent on the cn'il,n, nm. =,
naid on each transaction. Each unit G.
zen Gen trant &C established by the rules OF
ected respective eNchanssn ,,5 ono half nv =
on ~ buver and one-half by the Senst.
oli VI A true, progressive inheritance
same :. +ha benefit Of the General Fund,
elec 70 st .rch tsy is levied all benefciaries 81
sioiiai -. a,,,idad into the following classes "
e .s ne following maximum exemptions
+. each class ,so,t,
FITS, With an exemption OF $4,000 90
eXer- oant as TO the widow, when the
ol'ls omntion shall he $4,000. and except a.
ohirdren under the ages Of sixteen "
a,,n the exemption shall ne sS'ovV eh'i'.
siilnu- 1.faoU's marital fourth shall he eHer
par second collateral relations OF the
sIah ~ degree. including nepheWs
nun IN nieces and their descendants when
eo Ten actate is divided by roots with an
o en- n,ntion of 81 600 to each root, and dau
~ inc, o ters- law with an exemption OF -
em 70 e" Th,rd. collateral relations OF the I
as "a depree excluding nephews ana nj
not ne "a their representatives, with an
es es emhR,on Of $500 each.
goo Fourth. all other collateral re'a,
actu, ,,,,tb,n NV, the sixth degree inclusive,
soou an exemption of $3.50 each
stea EOS al Ftfth, strangers and all conaterai,
l. = no ne ,atons beyond the sixth Degree VIII
- 9ta t.S' ayemntfon Of 800 each.
u !. SUI The maximum rate OF the progses
I s s t,x shall not exceed eight per cent ioi
e IMAM srst class, twelve per cent for the Sc
In To- n n,oss sixteen per cent for the third
other ..,ontySye Der cent for the fourth c
W. tb,r,v rer cent for the NTH c
] nave az rates 70 be attained when
:. 'a ava inheritance. legacy. or donauoh eA>
IS anu a half million dollars.
n ruies And the minimum rates OF such
orm on ,bau he one per cent for the nrst
'ughout &c and one-half per cent for the re
lthorlty oToes three and threefourths per
cations fnr the third class, seven per cent 10
stiles of TOT t,e eI.iL ,p5 thirteen per cent
never inuf' a..t o,ass Whenever the rat
seaesroent levied against any lnf
AlnnV nFln