The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-08-29

seven per cent IOr the IOufIn Cl8SS
and thirteen per cent for the fit
class. Whenever the rate of al
sessment levied against any inner
lance, legacy, or other donation, whe
deducted from said inheritance, IL
gacy. or other donation, would leav
the beneficiary q smaller net amour
than he would have received had tn
inheritance, legacy, or other donation
fallen into the next lower class il
the classification according to amour
OF actual cash value, then the rat
OF taxation shall be first calculate.
upon the maximum amount in sal,
next lower class, and the remaining
amount of the inheritance, legacy
or other donation shall be taxed a
the rate fixed for the higher class
into which the inheritance, legacy, o.
other donation falls.
Duplication Of inheritance taxes a!
between this State and other States
foreign and domestic. shall be avoid
ed by the exemption of corporea
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
Eights belonging to nonresident de-
cendents, such as shares of stock in
Louisiana corporations, notes, bonds
and evidences of debt due by Lou
islana debtors or bearing on Louisi'
ana property. to the same extent.
This tax shall also be applied to
oil donations inter vivos. the donees
TO be divided into the same classes
heretnabOve defined. All donations
inter vivos to the same person with
In q period Of five years shall be
taxed a. II together constituting a
single donation.
Legacies and donations inter vivos
to educational, religious, or charita.
bic 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 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.
or. and for that purpose to classify
all such businesses and occupations,
and to graduate the tax within each
class.
3. Local subdivisions of the State
government shall have the power 10
levy licenses on businesses and 0ccu.
patious falling strictly within the do.
main OF the police power as pr0vid-
I'd n the foregoing section for the
State, save that such local licenses
~ may be levied on traffic in malt,
Iinous and alcoholic liquors shall not
he leGe than those levied by the |
State nor less than those now or
hereafter to be prescribed by the
3sneral Assembly as minimum local
licenses.
!. sub local subdivisions, as each 4
ny determine for itsek, shall also
ave the right to levy license taxes, ID
'laasified and graduated with due re.
pect to equality and uniformity with.
y eAch class. on al businesses and
occupations not covered by Section I'll
I this article: save and except II.
spsss o. corporations, persons, firms !
I'd associations whose property or
businesses among the sources of rev. t
nue. reserved TO, the State, and save I
- except licenses on individuals I
A9ASod IN trades, occupations and III
alltnss iayolvins the personal labor {
T slrill Of the person to be taxed, I
n not failing within the domain Of
% police power; and save and ex. I
ept corporations, associations, part.
ersAipe Of individuals engaged NIL
manufacturing or industrial pursuits |
hose capital stock. or capital in bus
NJ. y less than five thousand dol. \
W. ana not falling within the do. t
lain Of the police power: and save b
q except persons. firms and corpo. =
ations engaged In agricultural or hor. +
cultufxl pursuits. In no event shall | r
~ such local license exceed one. -
nh Of one per cent Of the gross
Deeipts Of the licensee. provided b
lat no license shall be, less than .
80. nor shall the licenses provid. q
] Tor In this section be levied un-
~ the general property tax oil
lch taxing locality, when exercised .
sixty pr cent Of its limit, shall .
u b sufficient to pay the expen. :
y q ID government. Whenever a =
lnnicipal liceaoe equals the license 9
vied By The parish, only the munic. =
y license shall be due and collect. :.
~. =
Article v. g
!. An assessments Of, property for fl
EAts purposes shall be mAde BY aI Il
lats Tax Commission, composed OF b,
No members to be elected, not el
ter than July lot, 1918. BY. . Board
- A. N>~~-~. Al X nAaA>u