The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-05-03

SECTION 5. Every corporation doing hus
the Territory shall make and render to tho "f Rs |
Tax Division between the first and thirty, %@G
of each year. beginning with the year 1901 '!s
fed by oath or affirmation of its duly emnowo, 0aA
such form as the Treasurer of the Territory NAV NJ O
all the following matters for the whole twnlv fSak
June 3Oth last preceding the date of such rpns
First.-The gross receipts of such corporatio,
made at home or abroad, and from all kinds of !, a
any name or nature;
Second.-The expenses of such corporation ox,
terest annuities and dividends; Fd
Thrd.-The amount paid on account Of nto,..,
and dividends stated separately:
Fourth-The amount expended on nornoa.-,
ments
Fifth. The amount paid in salaries or comno,
more than six hundred dollars to each person omrl
the name and amount paid to each FH
SECTION g. 1t shall be the duty of all nerson. ,
age having income of six hundred dollars or mon,
preceding year from all sources and of all coInoat;
liable to income tax to make and render Iist or no.
tween the first and thirty first days of July of each
such form as the Treasurer of the Territory NAV A.
the Assessor of the Division in which such persons
tons reside locate do business of the amount o
it's income, gains and profits aforesaid and all ,s
trustees, executors administrators, agents receivers
corporations persons acting in fduciary capoa
make render list orsreturn aforesaid to the @
the Division in which such person or CORPORATION .r
fducary capacity resides does business of the
income, gains and profits of any minor or person tr
they act and the Assessor shall require every list REIN
be verified by the oath affirmation of the person or
lied officer of the corporation making the same
If any person corporation refuse or neglect to pnd
return within the time required as aforesaid or sA
return which in the opinion of the Assessor is fail
fraudulent, contains any understatement shall BEL
for the Assessor to summon such person. of any of thee
OF such corporation or any person having possession
of books of accounts containing entries relating
business of such person corporation or any Other
he may deem proper, wherever residing or found 10
before him and produce such books at time and place
in the summons, and to give testimony answer intel
tons under oath respecting any income liable TO
turns thereof False, wilful testimony given ba
\ Assessor shall be deemed perjury and punishable
SECTION Z. 1t shall be the duty of every person
ton doing business for profit to keep full regular ania
books of accounts upon which all its transactions
entered from day to day in regular ordeG which books
be open to the inspection of the Assessor of the Ni
any person authorized by him to inspect the same
business hours.
SECTION 8. When any person or corporation h
taxable income refuses neglects to render any return
required by law or decline to take oath affirmation
the Assessor may make such assessments as he may
just and the same shall be binding and conclusive
parties and shall not be subject to appeal In case
false fraudulent return valuation by any tax E
Assessor shall add 200 per cent. to just yauau@
income of such tax payer and the amount of the Tax
ON such increase shall Become part of the tax Oh
income.
SECTION 9. Any person corporation who or WI
made legal return as aforesaid may appeal from u
assessed to the Tax Appeal Court constituted unua
of the Session Laws of 1896, in like manner as d'
case of property tax appeals and the SAID OoM'
authorized to hear and determine such Appeals supF
revision of the Supreme Court provided In the GAY
erty taxes. Where the words 'valuatiOn OF properly
lar words in said Act concerning such apIFah
amount of taxable income shall be understood
ceedings in regard to appeals from assessment OF
in income tax matters. Any person or corpora"n
from the assessment of the Assessor shall lous'
Assessor on or before the first day of October Oh cav
notice in writing of his intention to appear anu ~
of such appeal, and deposit with him the costs u
prescribed in case of property taxes when Cost r
ject to the regulations prescribed in SAID &c"
Appeal Court shall sit for hearing of tax aPP'"
authority of this Act between the fifth and t"en'
of October of each year.
SECTION 10. The taxes on income lmposeu
and payable or before the fifteenth Gay u
each year; and any sums annually uu 10
after the said fifteenth day of November sn" -
thereto ten per cent. on the amount when Sn"- 80:
come part of such tax. Interest at the rate u b