The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-05-21
AN INCOME TAX
BILL PRESENTED.
Continued from First Page)

The motion to postpone consideration
was put, with the result of a tie vote
Speaker Naone voted in the negative
Rep. Rycroft-The reason | did not
vote on the motion was because we
have just received a report on the In
come Tax bill, which should be con-
sidered Immediately. | for one am
about tired Of sending resolutions to
the United States rep Richards-So
am - They certainly know over there
that we are not children to change our
minds every three or four months. |
always was for annexation and / am
now
Rep. Richards is no use for
the House to keep voting on this meas
IRE. 1t has been passed by the Senate
and let's settle it right here.
Rep. Robertson rise to a point of
order. We are simply wasting time
Rep. Kamauoha-I move the report
be laid on the table. The Senate has
changed the whole resolution since it
was in the House. If we want to please
the Senate we had better pass it in the
same form they have.
Rep. WinstOn-We are not looking
toward pleasing the Senate especially. !
We should adopt what we think best.
Rep. Richards move for the adop-
u
Rep. Robertson second the motion
of Rep. Richards. 1t may be a bit SUI
perfiuous to pass resolutions on annex
alton, the House having put itself on |
record before regarding the same sub !
Ject; but in my mind no harm can
come from reiteratiOn. Annexation is |
one of the provisions of our Constitu- |
tion-of the Constitution under which |
we were elected and which we have
sworn to support. We should pass the |
resolution unanimously 1t is as much
desire now as it ever was [ am SAT- |
lsted that an independent Government
IN this country is out of the question. |
The only remedy is in annexation to |
the United States. We should con- |
tlnue steadfast in advocating and
working for the idea There is no |
sense In discussing the resolution as
amended by the Senate or the report of |
the committee. We are all agreed on |
the subject of annexation. Then wbv
bubble over few words? Let's adopt |
the report of the committee and 90 on |
with more important work Report |
adopted
Rep. Hanuna enoved for the adon-
ton of the resolution. Adopted with a |
vote of IA to L, Rep. Kamauoha in the
negative
Rep Robertson reported for the Sc
lect committee on the Income Tax
bill, as follows:
We believe that in income tax is
the fairest way of raising revenue that
has been devised. While it is unlikely
that such tax will ever become the
only or principal means of raising
revenue as long as there is great fuc-
tuatlon IN incomes in this country,
there seems no reason why an income
tax at a reasonable rate should not be
made supplementary to the ordinary
property tax. One thing is certain
and that is the country must and should
have larger revenue The bill un-
der consideration is intended as a be-
ginning, the rate of tax is made low.
and the exemption somewhat high,
our intention being to treat the matter
more as an experiment than as rev.
enue measure at the start
If the bill can be placed on our stat
ute books in a simple form at present,
a little experience as to it's practical
and effect will show what
changes are necessary and what i'm
can be made by amend
ment. r
we recommend that the bill pass l
with the following amendments
That Section 1 be amended to read
as follows: Section l. From and af-
Ter the first day of July, A. d. 1897,
here shall be levied, assessed, collect
I'd and paid annually upon the gains, c
profits and income derived by every =
person residing in the Republic and by
very person residing without the Re-
public, from all property owned, and =
very business, trade, profession, en-
Iloyment or vocation carried on in the
Republic, and by every servant or Off
er of the Republic wherever residing.
tax of per centum on the amount so
derived. Provided, that where the
gains, profits or income of any such
'erson who resides within the Republic &
II of any servant of officer of the Re- s
ubliC wherever residing, shall not
AVE exceeded the sum of four thous-
nd dollars for the preceding twelve
nonths only so much of such gains,
rofts or income as exceeds the sum
f two thousand dollars shall be liable
o such tax. And the tax herein pro-
ided for shall be assessed by the As Il
essors and Collectors for the time be-
lg for the several tax divisions of the
,epublic, and collected and paid upon
he gains, profits and income for the
ear ending the 3Oth day of June next y
the time for levying. assess -
lg and paying the said tax
In Sections ,, 8. 4. s. 9, 10 and II the
recommends a few slight
Ranges in wording.
Laid on the table to be considered
it'll the bill.
Income Tax bill taken up for consid
alton.
Rep. Robertson moved for the pass -
&c of Section 1, with the amendments
the committee.
Minister Damon take great pleas
e in seconding the motion to pass 20
is section. The measure has been Il
troduced and l believe firmly that h,
is a move in the right direction. =,