The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-31

fourths per cent for the third class,
seven per cent for the fourth class.
and thirteen per cent for the tlfth
class. Whenever the rate OF as
sessment levied against any inherl'
lance. legacy, or other donation, when
deducted from said Inheritance, ie'
pacy, or other donation, would leave
the beneficiary smaller net amour
than he would have received had lne
inheritance, legacy, or other donatlon
fallen into the next lower CLASS III
the classification according to amour
If actual cash value, then the rale
~ taxation shall be first calculated
nnon the maximum amount in SAD
navt lower class, and the remaining
amount of the inheritance, legacy
or other donation shall be taxed al
the rate fixed for the higher class
into which the inheritance, legacy OF
other donation falls.
Duplication of inheritance taxes as
between this State and other States
foreign and domestic, shall be avoid.
ed by the exemption of corporeai
property belonging to decedent Oh
fhfs state. and situated outside OF
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 III
Louisiana corporations, notes, ponds'
and evidences of debt due by LOU
isiana debtors or bearing on LOUISE
ana property, to the same extent.
This tax shall also be applied 10
all donations inter vivos, the donees
to be divided into the same classes
hereinaboye defined. All donations
inter yivos to the same person with
in a period of five years shall De
taxed as if together constituting a
single donation.
Legacies and donations inter yiyos
to educational, religious, or charlta-
bic 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
possible portion Of the testators, OF
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 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 busl
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 u
levy licenses on businesses and occu
pations falling strictly within the do
main Of the police power as proyld
ed In the. foregoing section for the
State, save that such local licenses
% may be levied on traffic in malt
vinous and alcoholic liquors shall no
be less than those levied by me
State nor less than those now o.
hereafter to be prescribed by 1ht
General Assembly as minimum loca
licenses.
3. sub local subdivisions, as eacf
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 ant
occupations not covered by Section
Of this article; save and except II
censes on corporations, persons, firm,
and associations whose property o.
businesses among the sources OF rev
enue reserved to the State, and save
and except licenses on individual
engaged in trades, occupations ant
callings involving the personal labo
I or skill Of the person to be taxed
and not falling Within the domain o
the police power; and save and Ell
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 dol
lars. and not falling within the dc
main OF the police power; and saw
and except persons, firms and corpe
rations engaged In agricultural or hol
ticultural pursuits. In no event sha
any such local license exceed one
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 provit
ed for In this section be levied III
less the general property tax
each taxing locality, when exercise
10 sixty per cent of its limit, sha
not be sufficient to pay the expe'
Ses Of its government. Whenever
municipal license equals the licens
levied by the parish, only the muni'
ipas license shall be due and collec
able.
{ Article v.
1. All assessments of property ft
State purposes shall be made by
State Tax Commission, composed
& three members to be elected. NJ
later than July 1st, 1913, by q Boar