The true Democrat., 1912-09-14

10
seven nov cent for the rcuIt1 rIg.-s
and thirteen nar cent for tha f.nh
class Whenever tho rqfa of az.
spssr1nnt levied AGAINST anv inhsri.
tonco 1aoaor or olbor Io-otion rrhor
deducted from cofd fnb r,tarco %.
gacv nr Other donation wru'd lnaya
ftc beneficiary o smaller no. amount
than he would h9va rrrafvld had ,hp
inheritance, legacy, or other donation
fallen into the next lower class in
the classification according to amour
Of actual cash value. tn the rae
Os taxation shall be first calculated
upon the maximum amount in said
next lower class, and the remaining
amount Of the inheritance, legacy,
or other donation shall be taxed 2.
the rate fixed for the higher cas-
into which the inheritance, legacy, or
other donation falls.
Duplication OF inhortaaca taxes as
between this State and O,hnr States,
foreign and domestic. shall be avoid.
ed By the exemption Of carporeal
property belonging 10 q der,dcnt Of
this State. and situated outside of
this State, to the extent of any in
heritanco tax Of such other state;
and by the exemption Of incorporeal
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 LOuisi-
"I1r p oi'0 - ~ 49, ,''''10 'e''
all donations inter ViVOS, the dOnees
to be divided into the same classes
hereinabove defined. All donations
inter vIyOS to the same person with
III period Of five years shall be
taxed as if together constituting a
single donation.
Legacies and donations inter vivOs
70 educational religions or charita-
HE institutions or In 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
posable 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.
s. Such other special taxes as the
General Assembly by a vote of two |
thirds of all the members elected to |
each house NAV from timo n time
prescribe.
,u.:o,. ",
'i0ie ~
Tho Cannral hssnmhlv eboII hava
mower IN 1avv Iicnnco toyoo onlv on
persons. partnerships associations
and cornorations engaged in hnsi.
ness mr. occupations that fall e+rictIv
under the domain of tho nnlico now.
or and for that nurnoen to CLASSIFY
all sucb husinnssac and occuno+ionS
and to graduate thn tay within ooch
class.
IoooI ouhdi,,ioio,o &c a.. cto+o
ooTo,.r r Doo++ oI,oI, tblo+l' b ~, ~ VIC oI"to
SN,..N ,.-I 'haI H1Yo Cne power W
rety IC9iiSGs fd9t:s ,on DusInesseS aug ocCu-
+ooir % l.ttialla 4h o. Wy "itAln 1lIe ~
Cd l n ~ ~ cNF foroin pOIlGe pomeL @9 ptotiu
Stoto ~ cmG '91 t1at 1Soins 'oCtlon 1 !ol Iiie
~ o|Neo, 'ts,0 CnoV Suon loo"I iI'onoTo
~no" vi m"' 9 n9 nI dTaaTu on @ tIallic Ia ml@l''
bn oS IoS. '4b w. ai0Unollc ilquolS SnaiI noC
State nor less than those now or
hereafter to he prescribed hv tho
General Assembly as minimum local
licenses.
cnb 1ooo1 crhdi,ir;ora o,
NAV dotormino nt fnn ;tnoIe iainS, h1, aS eau
1aTo % +bo rigbt nt - ot 1 nISeii Io siidl! also
1iassifiod and orodno+oa UHoe ,,';+h a., ."Aeo'
,nnct to onIo1ifI, u ond Inifonn,t mn,n uue
u zach class IN III hna;nnanSa llat'S ~ lrlt :
no. noUnroJ tl Soe9 b-l Sse&;. e1no
n thie articio. rlor souo 10y W oeoCIon t :: 2
,enses m cornorations nr noreens eNSegt frn1s ~
md assnciations wboso nrono,,t,, , iiALln I
1usinessns among tbo sorpoop pnopoasS as nou Va u
,nun rnenrvod to +bo Stoto tI0o ond VI coo iT. =
md eycont 1iconsne w .n ,"'G, inSis'oI 9nI H"Ie
,ngaged in tradnS ocnnna4inna 0 14uL1luu%iS nnS !!
,allings involving tbe ' norSono1 1ohor dnu 7; Il
:" lii Ilt'1I 20 ~ .l-s tne pelSou"4 laOof =
inu - IiTt lalIlns "lmlh the DOMAIN OF j
ept corporations, associations, part e
Ierships or individuals engaged in a
manufacturing or industrial pursuits il
whose capital stock, or capital in bus
ness. is less than five thOucand dol.