The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1897-07-16

-L-> aAN ~ k-->~~- N---- - ~
. lzSt session Of the Legislature, held
In 1896. and went into operation On
The hrst dav Of July, 1897, In
comes IN Hawaii have never before
been taxed, the old laws having
SpecI6sd only real and personal
property Is taxable The hrSt SEC
non Of the laws reads, IN part;
F-c- ard AFTER the t-st CAV q July.
A. T. 1887. there shan Be lsyisG. as
sssseG collected and paid annually up
IN TIRE cams. profits and income de-
rived ~ every person residing n the
Republic ard BY every person rssid-
trE without rhs Republic, from all
property cwne6. and every business,
trade. profession. employment Or vpca-
son carried o. II the Rspub,t c. snt BY
ever. servant O. osscsr q the Republic.
wherever residing. a Tx OF one per
cent On the amount 50 derived. pro
vi5eG. thar while The gains. profits o.
income @ any SCch person WHO resides
gr-hL- -he Republic. Or q any servant
OF CEcs- q the Republic wherever re-
siding shall nor have exceeded the sum
q Fcur Thousand Dollars Tor the pre-
csGL-z tweiys months. Crly 50 much OF
such gains. profits OF income as ex-
cestS the sun Of Two Thousand Dol
lars shan Be liable 70 such tax
Under this law, # man posses
e an income Of four thousand dol
4rs per annum, and the whole q
his income i spent as fast Is re-
eeived, he : obliged 70 pay on one
half o. II, the TX amounting to
twenty dollars.
There are eight sections 10 the
new law, The 6rst quoted in part /
Shove, app6es TO Office holders uni
der the Government residing here
Or ab-uat. a. well a. to all individ- /
uzLs who have salaries. The tax
applies 70 the year ending June 80. /
1897.
Section , refers TO corporatious,
which shall pay the same tsx-one
Der cent. annuaLlv-on the net pro
Is OF income shove SEXUAL operar-
NJ and business expenses from all
property owned, and every bust
les. trade employment OF voca-
ION carried On IN the Republic. of
IL corporations doing business for
--gGr IN the Republic Of Hawaii.
no matter how OF where created
md organized, etc, with certain
EXCEPTIONS Of charitable. religious,
maternal and other associations
specified IN t.
Section 3 which i quite lengthy
IN IL details. L devoted TO the ne
.hod u estimating incomes. which
include notes, bonds and other So
.1ririss Of every kind. sales Of real
state, znd al other gains. profits,
ind incomes derived from any I
-ourre whatever Al necessary ex-
le1Ses actually incurred may be
deducted. with some exceptions
specified Dividends received by
individuals from corporations
zhLieh have paid their taxes are not
70 be reported a. incomes,
nor are they taxable, nor Is any
gift OF Inheritance or SUMS derived +
from sources that have already been
taxed
Section I reLa1es TO all business
corporations Of every kind which
are required 70 make full returns
between the first and thIrty-hirst
lays Of August. These returns viii I
cover the twelve months ending
June 30th Iazt- and call for the
zruss receipts from sales at home
nd abroad Of every kind and M
-ure- The expenses for the same
period the net profits, the amount
paid On account Of interest, annHt
izs and dividends separately. and
the amounts paid for salaries
Section ; reIates 70 incomes e
-eeding fifteen hundred dollars,
also 10 guardians, trustees, excel
tors, admIuistrators- etc But Per
sons having an income OF fifteen
hundred dollars Or i less amount.
ne not required 10 make such re-
part. Under this section, any
person OF corporation or any resi-
lent manager II any foreign cor
porarian ( required 10 make full
u the business, under Ger