Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1912-09-06

tar on the organization OF 90
nestle corporations. ORGANIZED lot pro ',ns |
excspffng banks, fraternai insurance
companies. and building and loan OF
homestead association not 10 exceeu
ten dollars nat plus not 70 exceed one
twentieth Of one per cent ,r,' M which tax
shall be levied upon increases ol capis~'
stock as well as upon originaI issues
g. A tax on private corpo uos,ro ex.
ercising corporate functions. not TO ex-
coed one-twentieth OF one per cent pSr
| annum on the outstanding capital stoos
and surplus. excluding banks. fraternst
,end life Insurance companies and build
| ing and loan or hcmestead associations
/ no such tax to be less than nve coiiSSs;
on foreign corporations this TAX shssl
he levied on such proportions Of their
capital stock and surplus as ls useo II
this State I'm interstate business. II
lieu of the franchise tax on Sspi. ta-s S,n
surplus, life Insurance companies. foreign
/ and domestic. not including fraternal in
surance associations, shall pay annually
fiat fee Of $1,000 PLUS 01,sts % ,S on Io eaSn
lana during the preceding year.
| The annual ad valorem tax on all
automobiles and taxicabs, and also on
All other auto-driven vehicles USED Ior
IRA nsportation of persons OF freight Iof
hive with permission to the local govern
| ment 81 the residence Of the owner TO
lew an annual license tax not to exceed
$500 one-half OF the process ene 81 shall hall
Soat e ua ,hs STATE good roads funds; the
/ rer,aining moiety Of such tax shall De
paid over by the state 70 tne gpvern .h.s
roachIne Is registered. to be devoted ex-
clusivelv by such governing authority 10
the IMPROVEMENT OF the public highways
"ishin ~ taT on cotton future contracts.
In lien Of All licenses to future brokers'
LOT not more than fifteen nor less than
ten cents on eacn purcanIase anu a,, $40 srer =.
action, one-half by the buyer and one
half by the seller.
g.. A tax on grain, Gomez; rice any
sugar future contracts, In lieu OF al
! iicenses to future brokers, OF not more
: than one and sne-half per cent nor less
. than one per cent on the commissions
maid on each transaction. Zach unit con
: tract as established by the rules OF tne
( respective exchanges shall be the basis
r Of the tax, to be paid, one-half oy tns
buyer and one-half by the ,I selst "a,
for the benefit of the General fund, ans
n such tax Is levied all benenciarles sna
be divided into the following classes WI, y.
the following maximum exemptions ~
First. ascendants. descendants, ant
spouses with an exemption OF $z'0vv eacn
en1ntIon shall be 5000. and except as Z
children under the ages OF sixteen, wne me
the exemption snail be $500 eacn- In
widows marital fourth shall Dc exena ~
. ond degree. including nepnews an an
5 nieces and their descendants when IN
y estate Is divided by roots, with an 81
4 ters-in-law with an exemption Of $1.so
Third. collateral relations Of the thir
l. degree excluding neP 9,vss with d1 an ex
ID emption Of S5oo each.
L Fourth. all other collateral relation
Of within the sixth degree inclusive VII
G. Fifth, strangers and all collateral r.
al lations beyond the sixth degree. with
~ exemption of 500 each ,.
OF The maximum rate of the progresslV
tax shall not exceed eight per cent for n
first class. twelve per cent for the secen
r class sixteen per cent for the third Gas
per cent for the he iOs fth ei is
be maximum rates to be attainee wnen ~
u inheritance. legacy, or donation excess
r half million dollars. a.
All And the minimum rates OF sucn I.
IL shall be one per cent for the first clas
en- two and ope-half per cent for the secof
n class. three and three-fOurths per &c,
Ial for the third class. seven per cent ior y
n fourth class. and thirteen per cent 4
to the ffth class. Whenever the rate
a assessment levied against any inner
be ance, legacy. or ether oonatlen, "n9n 49, y
cd or other donation, would leave q
u beneficiary a smaller net amount IN
cd he would have received had the !
=
he into the next lower class In the Class
te, fcation according to amount Of &C
ID nal cash value, then the rate 81 taxau
oh shall be first caleule.ed upen tne ne ma,
To- and the remaining amount OF the inner
her ance, legacy. OF other donation snail
taxed, at the rate fixed for the higf
I've class into which the inheritance iesa'
la- or other donation falls 4,
md Dunlication OF inheritance taxes as
les tween this State and other States, Il
n.mNT - AA4
eut the exemption Of eorpereal property
ity longing to a decedent OF this State.
ems situated outside Of this State: to the
Of tent OF any inheritance tax OF such OF
yer state: and By the exemption OF inc
poreai fights belonging to non-resid'
ion decedents, such as shares OF stock
As Louisiana corporations. notes. bonds
svy evidences OF debt due by Louisiana de
OF ors or bearing on LOUISIANA property
ne- This tax shall also be applied to all I
NO nations inter vivos, the donees te De
ach vided into the same classes hereinbef
defined All donations inter wives 70
same person within period OF nve ye
ev- shall be taxed as II together constr
.re- Teea cies and Donations inter vivos
lrds educational, religious or oharltaeie IN
use tutfons, or to trustees for edueationai,
ding ligiOus or charitable purposes. snali
ton exempt from this tax. unless such de
rein ton, or legacy. shall be more than
Of the disposable portion Of the ties
vote tors or doners estate, In Wnlcn {
tied the tax shall be imposed upen the en-
bly,. legacy or donation and the legatees
OF donees shall be considered 70 De WI
the third class.
pre- q such other special taxes as
General Assembly by vote OF twc-Lh
sons ~ All the members elected to each nc
OPP may from time to tins prescribe.
IRIS Article w.
OF l. The General Assembly Snail =
med nower to levy license taxes only on !
and sons partnerships associations and
ton porations engaged in business or oeee
rage lions that fall strictly under the cor
line, Of the police power, ana TOT tnAt PuIl
ress to classify all such businesses ana o
re- pations and to graduate the TAX WI
this Local subdivisions Of the state |
ship, ernment shall have the power to
alter licenses on businesses ans occupa.
for falling strictly within the domain OF
line police power as provided IN tne lot
light ing section for the State. save that
con- local licenses as may be leviec on Ut
a De IN malt vinous and aleohoie liquors
I'll not be less than those leviee py sns :
ncnt nor less than those new or nereaItS
by be prescribed by the General Assempi
ctric minimum local licenses.
be Such local subdivisions as each
determine for itself shall also have
onal, right to levy license taxes, elassaned
and graduated with due respect to equ
kers, and uniformity within eacn class oi
and BY Section 2 Of this Article: save and
ana cept licenses on corporations, per
real firms and associations whose proper
De business Is among the sources OF rev
mis- reserved to the State, and save ana
ogue cept licenses on individuals engage
state trades. occupations and caihngs nave
the personal labor or skill OF the Pc
clud- - - t.~od and not falling within