The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-28

he beneficiary smaller net amount
gsthes he would have received mad me
Inheritance, slaeacy. az other dcnation
s@fdffen into the next lower class IN
the classification according TO amour
Of actual cash value, then the rate
os taxation shall be first calculated
unou the maximum amount in said
next lower class, and the remaining
amount of the inheritance, legacy,
or other donation shall be taxed at
the rate fixed 'fef the higher class
into which the inheritance, legacy, Or
other donation falls. y:
Duplisation Of inheritanee taxes as
8e@eet this State and other States
fo1eigntand domestic, shall be avoid
cd BY the exemption Of ccrporeal
property belonging 10 decedent o.
this state, and situated outside Of
this State, to the extent. Of any in
heritance tax of such other State;
ana by the exemption or inc0rporeal
rights belonging to nonresident de-
cendents. such as shares of stock IN
Louisiana corporations, notes, bonds,
and evidences of debt due by Lou
isiana debtors or bearing on Loulsl-
ana property, to the same extent.
This tax shall also he applied to
all donations inter YiEos, the donees
to be divided into. the same classes
hereinaboye defined. All donations
inter vivos to the same person with
in a period of five years shall be
taxed as if together constituting
single donation.
Legacies and donations inter viyos
to educational religious or charlta-
BILE institutions, or to trustees Tor
educational, religious or charitable
purposes, shall be exempt from this
tax, unless such donation, or legacy,
shall be more than half of the dis
posabfe portion of rthe- 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.
s. Such other special taxes as the
General Assembly by a. vote of two
thirds of all the members elected to
each house may from time to time
prescribe.
Article w..
!, /. 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.
8. 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
IN each class, on all businesses and .
OF this article; save and except IL !
censes on corporations, persons, firms ]
and associations whose property or |
businesses among the sources Of rev. t
enue reserved to the State. and save /
and except licenses on individuals t
engaged in trades. occupations and /
callings involving the personal labor {
or skill OF the person to be taxed, r
and not falling within the domain Of
the police power. and save and ex- {
cept corporations, associations, part {
nerships or individuals engaged n a
manufacturing or industrial pursuits i
whose capital stock, or capital in bus
mess, is less than five thousand dol ,
lars. and not falling. within the do t
main OF the police power; and save b
and except persons, firms and corpo- D
rations engaged In agricultural or hor Il
tcuitural pursuits In no event shat r,
any such local license exceed one n
tenth of one per cent of the gross b
receipts of the licensee, provided b
that no license, shall be less than \
so.00. nor shall the licenses provid- a,
cd for in this section be levied I'M
less the general property tax of
each taxing locality. when exercised s.
70 sixty per cent OF it's limit, shall O.
not be sufficient to pay the expen- c.
Ges OF its government. Whenever n p
municipal lice3se equals the license e.
levied by the parish, only the munic- a.
lpa' license shall be due and collect n
able. lc
Article V. lG
4. All assessments Of property for Fl
state purposes shall be made bv Fl
state Tax Commission composed of h.
three members to. be elected. not .,
later than July 1st. 1913, by Board
composed OF the Governor. the State
Auditor and the State Treasurer a.
rom among the qualified electors of q
me respective Railroad Commission Ds
Districts, as constituted at this date s.
and they shall not be subject to re-. y
noval except for the causes and IN u
me manner provided for the remog- q
II OF district judges. al
= The terms of the first commits -
sioners shall be for two. four and ak ~ ~
ears. The period each is to serve ~
loft