The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-05-08

favor of each and every ward. except
tnat in case where two or more wards
are comprised in one family, and have
Joint property interest, the aggregate de-
auction in their favor shall not exceed
two thousand dollars.
And provided, further, that In case
where the salary or other compensation
paid to any person shall not exceed the
rate of two thousand dollars per annum,
or shall be by fees, or uncertain or IT.
regular in the amount or in the time dur
ing which the same shall have accrued
or been earned, such salary or other
conversation shall be Included in esti-
mating the annual gains, pronts or IN
come of the person to whom the same
shall have been paid
Provided, also, that in assessing the in
come of any person or corporation, there
shall not be included the income of any
person or any corporation as dividends
upon the stock of such corporate if the
tax of one per cent has been paid upon
it's net profits by said corporation as re-
uuired by this Act, nor any gift or in
heritance otherwise taxed as such.
ALL BUSINESS CORPORATIONS RE
CURED TO MAKE RETURN
TIME.
Section A. Every corporation doing bus
mess for profit in the Republic shall
make and render to the Assessor of it's
Tax Division, between the first and thir-
ty-first days of August in every year, be-
ginning with the year Eighteen Hundred
and Ninety-Seven, full return, verified
by oath or affirmation, in such form as
the Minister of Finance May prescribe,
of all the following matters for the whole
twelve months ending June S0th last pre-
ceding the date of such return.
First The gross rlceiDtS of such cor
porat ton from sales made at home and
abroad, and from all kinds of business of
every name and nature.
Second. The expenses of such corpora
ton exclusive of interest, annuities and
dividends.
Third. The net profits of such corpora
ton without allowance for interest, an
nuities and dividends.
Fourth. The amount paid on account of
interest, annuities and dividends stated
separately.
Fifth. The amount paid in salaries of
more than six hundred dollars to each
person employed, and the name and adj
dress of each of such persons, and the
amount paid to each.
INCOMES OF MORE THAN $1,5O0 TO
BE RETURNED.
Section s. 1t shall be the duty of all
persons of lawful age having an income
of more than fifteen hundred dollars for
the taxable year from all sources, COM
puted on the basis herein prescribed, and
of all corporations made liable to income
tax, to make and render a list or return
between the first and thirty-frst days
of August in each year, in such form
and manner as may be directed by the
Minister of Finance, to the Assessor of
the Division in which such persons or
corporation reside, locate or does bust
ness of the amount of Their or it's in
come gains and profits aforesaid; and
all guardians, trustees, executors, adj
ministrators, agents, receivers, and all
persons or corporations acting in any
fiduciary capacity, shall make and rem
der list or return as aforesaid, to the
Assessor of the Division in which such
person or corporation acting in fidu-
ciary capacity reside or does business, of
the amount of income, gains and profits
of any minor or person for whom they
act, but persons having an income of
fifteen hundred dollars or of less
amount are not required to make such
report; and the Assessor shall require
every list or return to be verified by the
oath or affirmation of the party or of
the President, Vice President Mana
ger of the corporation, or in the case of
foreign corporations, of the Resident
Manager or Agent of the corporation
rendering it. And if any person or the
President, Vice President or Manager of
any corporation, or in the case of for
eign corpora tons, the Resident Manager
or Agent shall refuse or neglect to rem
der such return within the time required
as aforesaid, or whenever any person or
corporation who is required to deliver
such return of income fails to do so at
the time required or delivers any return
which, in the opinion of the Assessor, is
false or fraudulent, or contains any I'M
Assessor to summon such person, PreSi-
dent, Vice President, Manager, Resident
Manager or Agent of or any person hav-
ing possession, custody or care of books
of account containing entries relating to
the business of such person or corpora
ton, or any other person he may deem
proper, wherever residing or found, to
appear before him and produce such
books, at a time and place named in the
summons. and to give testimony or an
swer Interrogation under oath, respect
ing any objects liable to tax or the re-
turns thereof.
TS-INSPECTION-
PENALTY.
Section 6. 1t shall be the duty of every |
corporation doing business for profit to |
keep full, regular and accurate books of |
account upon which all its transactions |
shall be entered from day to day in reg
liar order and whenever the Assessor of |