The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-09-19

seven per cent for the fourth class,
and thirteen per cent for the 1ifth
class. Whenever the rate OF as
sessment levied against any lnherl'
lance, legacy, or other donation, when
deducted from said inheritance, le-
gacy, or other donation, would leave
the beneficiary a smaller net amount
than he would have received had lhe
inheritance, legacy, or other DONATION
fallen into the next lower class IN
the classification according to amour
of actual cash value, then the rate
OF taxation shall be first calculated
upon the maximum amount IN sald
next lower class, and the remaining
amount of the inheritance, legacy
or other donation shall be taxed at
the rate fixed for the higher CLASS
into which the inheritance, legacy or
other donation falls.
Duplication of inheritance taxes DIS
between this State and other States
foreign and domestic, shall be AVOID.
cd by the exemption of corporeal
property belonging TO decedent Oh
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 lncorporeal
rights belonging to NONRESIDENT ae.
cendents, such as shares of stock III
Louisiana corporations, notes, bonds'
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 TO
all donations inter vivos, the dohees
to be divided into the same classes
hereinaboye defined. All donations
inter yiyos to the same person WIN
in a period of five years snail De
taxed as if together constituting a
single donation.
Legacies and donations inter vlyos
to educational, religious, or cnarlsa'
HE institutions, or to trustees iol
educational, religious or charltao!e
purposes. shall be exempt from this
tax. unless such donation, or legacy
shall be more than half of the dis
posable portion of the testators, OF
donors estate, in which case the taa
shall be imposed upon the entue
legacy or donation and the legatees
or donees shall be considered 10 DE-
within the third class.
s. Such other special taxes as tht
General Assembly by vote OF TWO
thirds of all the members elected u
each house may from time TO t'm'
prescribe.
Article w.
/. The General Assembly shall nav
power to levy license taxes only u
persons, partnerships, association
and corporations engaged IN ous.
ness or occupations that fall strlctl'
nnder the domain of the police pow
or. and for that purpose to classl1'
ali such businesses and occupations
and to graduate the tax within eacl
class.
@ Local subdivisions of the stat
government shall have the power !
lew licenses on businesses and occI
nations falling strictly within the &c
main of the police power as provo
ed In the foregoing section Tor In
s+ate save that such local license
M may be levied On traffic IN mar
vinous and alcoholic liquors shall nc
be less than those levied 'oy ~ u
/ State nor less than those now .
hereafter to be prescribed by IN
General Assembly as minimum LOCI
licenses.
z sub local subdivisions, as eac
NAV determine for itself, shall ais
have the right to levy license take
classified and graduated with due +
spect to equality and uniformity VII
In each class, on all businesses al
occupations not covered by Section
Of this article: save and except
censes on corporations, persons, 1lrn
ana associations whose property
businesses among the sources OF re
enne reserved to the State, and sa
and except licenses on indivldus
engaged in trades, occupations a
callings involving the personal lao
or skill of the person to De tax
and not falling within the domain
Y the police power; and save and
cent corporations, associations, pa
nnrships or individuals engaged
manufacturing or industrial pursu
whose capital stock, or capital in
mess, is less than five Thousand
lars. and not falling within the
main of the police power; and s.
md except persons, firms and col
rations engaged in agricultural or
ticultural pursuits. In no event $!
any such local license exceed
tenth Of one per cent OF tne 81
receipts of the licensee, Prov
that no license shall be less
$500. nor shall the licenses pro
ed for in this section be levied
less the general property tax
each taxing locality. when exerc
to sixty per cent of it's limit, $
not be sufficient to, pay the eN
SOS Of its government. WheneV'
municipal license equals the nc
levied by the parish, only the m,
Ina, license shall be due and COZ
able.
Article V.
4 All assessments of property
state purposes shall be made
State Tax Commission, compose
three members to be elected,
later than July LIST. 1913, by a p
composed Of the Governor, .ne