Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1905-05-04

only deduction of Five Hundred Dollars for the
ton period and thereafter One Thousand Dollars for each
ton period shall be made from the aggregate annual income of
all the members of family composed of both parents
and minor children, husband and wife, that
guardians shall be allowed to make deduction in favor of
each and every ward except where wards
prised in family in which the aggregate deduction in
their favor shall exceed Five Hundred Dollars for the first
taxation period and One Thousand Dollars for each taxation
period thereafter
Provided further that assessing any person
corporation there shall be included the received
from any corporation dividends upon the stock of such
oraon if the tax of two per cent has been assessed the
net profits of such corporation required by this Chapter nor
any requests or inheritance otherwise taxed as SUCH
SECTION Section 1899 of the Revised Laws of Hawaii is
hereby amended to read as follows
"Secton 1882 Corporation Returns Every corporation
doing business for profit in the Territory shall make and
der the Assessor of its DIVISION the first and
thrrst days of January in each year. beginning with the
year 1906 full return verified by oath affirmation OF its
duly empowered officers in such form the Treasurer OF the
Territory prescribe of all the following matters for the
taxation PERIOD ending December 31s next preceding the date
of such return whether that period be the first taxation period
any succeeding taxation period;-
First The gross receipts of such corporation from sales
made home abroad and from all kinds of business of any
nature;
Second The expenses of such corporation exclusive of in
terest, annues and dividends;
Third The amount paid of interest annuites
and dividends stated separately;
Fourth: The amount expended permanent improve
ments;
Fifth: The paid in salaries compensation of moro
than Three Hundred Dollars each person employed during
the first taxation PERIOD and of than Six Hundred Dol
lars for each person employed during each taxation period
thereafter, and the name and amount paid to each'
SECTION g. Section 1888 of the Revised Laws of Hawaii
is hereby amended to read as follows:
ection 1888 Individual Returns 1t shall be the duty of
all persons of lawful age having income of Five Hundred
Dollars for the first taxation PERIOD and having an
income of One Thousand Dollars for taxation
period thereafter from all and of all corporations made
liable to income make and render list return between
the first and ry days of January of each in such
form the Treasurer of the Territory may direct to the Asses
of the Lewiston in which such corporations res
de do business of the of their its income
gains and profits aforesaid and all guardians trustees
ecto administrators agents. receivers and all corporations
persons acting in fducary capacity shall make render
list aforesaid to the Assessor of the division in
which such person corporation acting fducary capacity
resides does business of the amount of income gains and
profits of minor person for whom they act and the
Assessor shall require list return to be verified by the
oath affirmation of the person authorized officer of the
corporation making the same.
If any person corporation refuses negects render
such within the time required aforesaid renders
which opinion the Assessor false and fraud
ulen and contains understatement shall be lawful for
the Assessor to summon such person. of the officers OF
such corporation, any person having possession, custody
of books of containing entries relating the bus
mess of such corporation other he
deem proper wherever residing found appear before him
and produce such books at time and place named in the
MONS and to give testimony interrogatons under
oath respecting any income liable the thereof
False wiful testimony given before such Assessor shall be
deemed peri"~~ and punishable such"
Sect" Section 1886 of the Revised Laws of Hawaii
is here "a read follows
:" go. Appeal Any person corporation who
wh. made legal return aforesaid may appeal from
the ssed to the Tax Appeal Court constituted under
Chapter 0s in like allowed in of property
appeals and the rad court authorized hear and determine
such appeals subject the revision of the Supreme Court
provided in the of property Where the words "va
uation of property similar words in said Chapter
concerning such appeals the words amount of taxable income
shall be understood in all proceedings regard appeals from
judgments in income tax matters. Any person
corporation appealing from the of the Assessor
shall lodge with the Assessor before the fifteenth day of
and the grounds of such appeal and deposit with him the
of appeal prescribed in of property taxes which
shall be subject the regulations prescribed in said Chapter
The said Tax Appeal Court shall sit for hearing appeals
under the authority of this Chapter between the fifth and
twenty-ffh days of July of each year"
SECTION 8. Section 1888 of the Revised Laws of Hawaii
is hereby amended to read follows:
"Secion 1885, When Tax Payable; Delinquent The taxes
income imposed by this Chapter shall be due payable on