The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1912-09-14

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ioulns ner cent for the fourth class,
sever irtaen per cent for the fifth
nIass. Whenever the rae Vi
claos, o,t levied against any inherl'
lance legacy, or other doAatlon'
lan s"n+ad from said inheritance, ie-
eacv or other donation, wouia cav
the beneficiary smaller net ahiou
than he would have received hau ny
inheritance, legacy, or olher donaI'on
fallen into the next lower Grass III
.be Classification according 70 amour
81 actual cash value, then the rae
y. taxation shall be tlrst calculdleu
mon the maximum amount IN SOU
nayt lower class, and the relndlllhS
amount of the inheritance, legacy,
or other donation shall be taxed a.
tho rate fixed for the higher CLASS
into which the inheritance, legacy OF
other donation falls.
publication of Inheritance taxes as
between this State and other states
toraign and domestic, shall be avoid
"a III the exemption Of corporeal
nropcrty belonging to a decedent o.
Iris state, and situated outside or
This state, to the extent OF any IN
beritauce tax of such other state;
ana nv the exemption of lncorporeal
rights belonging to nonresident de-
cendents. such as shares OF STOCK III
louisiana corporations, notes, BONDS,
and evidences Of debt due by Lou
isfana debtors or bearing on LOUISE
ana property, to the same extent
This tax shall also be applied 70
al, donations inter vivos, the donees
to he divided into the same classes
hereinabove defined. All donations
inter yivos to the same person Win
in a period of five years shall De
taxad as if together constituting a
single donation.
Legacies and donations inter ylyos
70 educational, religious, or charlta-
4. HE institutions, or to trustees ior
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 testator's, or
donors estate, in which case the tax
shall be imposed upon the entre
legacy or donation and the legatees
or donees shall be considered 70 be
within the third class
s. Such other special taxes as me
General Assembly by vote or Two
thirds of all the members elected 10
each house may from time to time
prescribe.
Article ".
/. The General Assembly shall have
mower 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
er. and for that purpose TO classify
ali such businesses and occupations
and to graduate the tax within each
class.
9 Local subdivisions of the State
government shall have the power 'o
levy licenses on businesses and occu
pations falling strictly within the 90
main of the police power as provld-
ed in the foregoing section for the
State, save that such local licenses
as may be levied on traffic in malt
vinous and alcoholic liquors shall not
be less than those levied by he
State nor less than those now OF
hereafter to be prescribed by Inc
General Assembly as minimum loca
licenses.
9. Sub local subdivisions, as each
NAV 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 anC
occupations not covered by Section
of this article; save and except Ii
censes on corporations, persons, firm!
and associations whose property OF
businesses among the sources of rev
enue reserved to the State, and save
and except licenses on individuals
engaged in trades, occupations ant
callings involving the personal Labor
or skill of the person TO be taxed
and not falling within the domain o
the police power; and save ard eX
cept corporations, associations, part
nerships or individuals engaged I
manufacturing or industrial pursuit.
whose capital stock. or capital in bus
mess, is less than five thousand dol
lars. anG not falling within the do
main of the police power; and save
and except persons, firms and corpo
rations engaged in agricultural or ho1
ticuitural pursuits In no event sna'
any SuCn lOCdl LICENSE eANC0u ohN
tenth of one per cent of the gros
receipts of the licensee, provide
that no license shall be less thai
$500, nor shall the licenses provid
ed for in this section be levied un
less the general property tax Q
each taxing locality when exercise
to sixty per cent Of it's limit, shal
not be sufficient to pay the expel
Ses of its government. Whenever
municipal license equals the licens
levied by the parish, only the munit
ipa' license shall be due and collec
able.
Article ".
l. All assessments Of property 70
State purposes shall be made by
State Tax Commission, composed {