The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-04-30


interest of which of their issuance exempt
all taxaton profits within the year preceding
sales of including leasehods purchased
TWO years dividends the stock OF corporation the
of all premiums bonus, notes coupons,
property amount
pended purchase same and in the
of person including part thereof
directly by him his family; money and the
personal property acquired by gift inheritance
other gains profits and income derived from what
SECTION 202 The profits income corporations
shall include the amounts paid payable distributed
among any fund or account
carried to the fund used
engagements of plants other expenditure invest
ment paid from the annual profits made acquired by
said corporation.
computing ncomes necessary expenses actually
Cured carrying any trade profession occupa
on in managing property shall be deducted
all interest paid by such corporation existing
Indebtedness And all license paid
year shall be deducted from the gains profits
who the corporation which has actually paid
same whether such be tenant
also all losses actually sustained during year
incurred arising by
insurance, or losses otherwise actually incurred.
Prorided that deduction made for any amount
paid buildings permanent improvements or bet
erments made increase the value of
Provided further deduction be made per-
sonal family expenses the exemption Eighteen
Dollars mentioned in Section 1919 being lieu
Proride further that where allowable only one
ductiOn of Eighteen made from the
aggregate annual income all the of one family
composed of both parents or more minor
children or husband and wife, that guardians
TO make deduction favor every ward except
where two wards comprised family in
which the aggregate deduction in their
exceed Eighteen Hundred Dollars
PrOrded further assessing income of any person
corporation there amount received
from corporation dividends upon of
corporation if the of two upon
by Act
nor any bequest or inheritance otherwise taxed
SECTION 2O3 Every corporation doing profit
County of the Territory
County January of each year full return
verified by oath affirmation duly empowered officer
in such form the Auditor the County may prescribe
all the following matters for the whole twelve months ending
December 31st last preceding the date of such
FstThe gross receipts corporation from sales
made at home abroad kinds business of
any name or nature conducted in said County;
ScondThe expenses corporation exclusive
terest, annuities and dividends in said County;
Third-The paid of interest, annues
and dividends stated separately;
Fomth-The amount expended on permanent improve
ments
FTh:The amount paid in salaries compensation of
than Six person employed and
the name and amount paid to each
corporations doing business
ties shall make returns for each County.
shall be the duty of persons of lawful
having Hundred Dollars for the
preceding all and of all corporations made
liable income make and render list return
January of each year. such form the Auditor of the
County direct the Assessor of the County which
such corporation resides locate do business of the
of their income gains and profits aforesaid
in said County, guardians trustees admin
srators receivers and all corporations persons
acting fduciay capacity, shall make render list
aforesaid of the County which
person corporation acting fducary capacity
sides business of of income gains and
profits person whom they act; and the
shall require every list be verified by
the oath affirmation person authorized officer of
the corporation making the
corporation refuse neglect render such
return within the time required aforesaid renders