The Era-leader. [volume] (Franklinton, La.) 1910-current, 1912-10-17

fourths per cent for the third class,
seven per cent for the fourth class,
and thirteen per cent for the fifth
class. Whenever the rate Of as.
sessment levied against any inheri'
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 the
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 SAID
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, CT
other doration falls.
Duplication Of inheritance taxes as
between this State and other States,
foreign and domestic, shall be AVOID
ed by the exemption of corporeal
property belonging to a decedent OF
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 incorporeal
rights belonging to nonresident de-
cendents, such as shares of stock III
Louisiana corporations, notes, BONDS,
and evidences Of debt due by Lou
isiana debtors or bearing on Lousl'
ana property, to the same extent
This tax shall also be applied to
all donations inter vivos, the donees
to be divided into the same classes
hereinaboye defined. All donations
inter yivos to- the same person WIN
tn period of five years shall De
taxed. as if together constituting a
single donation.
Legacies and donations inter Viyos
to educational, religious, or charlta-
BILE Institutions, or to trustees lor
educational, religious or charltaoie
purposes, shall be exempt from THIS
tax. unless such donation, or legacy,
shall be more than half Of the dis
possible 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 d0nees 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. 3.
Article ~. Il
1. The General Assembly shall have
power 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
all such businesses and occupations,
and to graduate the tax within each
class.
E 2. Local subdivisions Of the State
government shall have the power 10
levy licenses on businesses and occu-
pations falling strictly within the do
main Of the police power as provid-
ed in the foregoing section for the
State, save that such local licenses
Ga, may be levied on traffic In malt,
vinous and alcoholic liquors shall not
be less than those levied by the
state nor less than those now or
hereafter to be prescribed by the
General Assembly as ninimum local
liceuseS. ,.'a9$ f.'t5, - W u
s.. Sub local subdivisions, as each
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
p each class. on all businesses and
occupations not covered by Section 2,
Of this article; save and except IL,
censes on corporations. persons, firms
md associations whose property or
businesses among the sources OF rev;
enue reserved to the State, and save
and except, licenses on individuals
engaged In trades, occupations and
callings involving the personal labor,
or skill of the person to be taxed,
and not falling within the domain OIL
the police power: and save and ex.
cept corporations, associations, part.
nerships or individuals engaged N,
manufacturing or industrial pursuits
whose capital stock, or capital in bus
mess. is less than five thousand dol.
lars, and not falling within the do
main Of the police power; and save
and except persons, firms and corpo-
YratiOns engaged In agricultural or hor
ticultural pursuits. In no event shah
any such local license exceed one.
tenth Of one per cent of the gross
receipts OF the licensee, provided
that no license shall be less than
$500, nor shall the licenses provid.
ed for in this section be levied un.
less the general property tax Of
each taxing locality. when exercised
to sixty per cent of its limit, shall
not be sufficient to pay the expen-
ses OF its government. Whenever a
municipal license equals the license
levied by the, parish, only the munic-
ipa' license shall be due and collect.
able. 81
IN Article v. =
l. All assessments of property TO:
State purposes shall be made by a
State Tax Commission, composed Of
three members to be elected not