The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-03-23
ACT a..
AN ACT

To Promote CONSERVATION DEVELOPMENT OF THE
NATURAL RESOURCES TERRITORY THROUGH IMMr
GRAFTON AND OTHER MEANS IMPOSING A TAX ON IN
ApPRopRIATING THE PROCEEDS FOR SUCH PUR-
Be it Enacted by legislature of the Territory of Ha7sui:
Section In addition the of two per cent author
ICED to be levied assessed and collected upon gains pro-
of persons in the Territory of Hawaii under
the provisions of Chapter OF the Revised Laws OF
the Territory heretofore amended there shall be levied
and collected annually the gains profits and
and above Four Thousand Dollars by every
residing in the Territory from all property owned and
every business trade profession employment vocation car
d the Territory and by person residing without
the Territory from all property owned and every business
profession employment vocation carried in the Territory
and by officer OF the Territory wherever
residing tax of two cent the amount SO derived dur
ing the taxation periods defined by this Act.
Section In addition to the tax of two per cent author
lied be levied assessed collected the gains profits
of corporations provided in said Chapter
of the Revised Laws OF the Territory heretofore
amended there shall be levied assessed and collected annually
upon the profit income above actual operating and bust
expenses derived during the taxation periods defined by
this Act from all property owned and every business trade
carried the Territory OF all
poraons doing business for profit in the Territory matter
where created organized tax of two per cent on the
derived during the taxation periods defined by
Provided however, that nothing herein contained
shall apply corporations associations con-
Quoted solely for charitable religious educational or seenthc
purposes including aternal beneficiary societies to nsu
companies taxed percentage OF the premiums under
the authority of another law.
Section g. The taxation period within the meaning OF this
shall be the year Immediately preceding the first day OF
January OF each year in which such tax IS payable Provided
that the first taxation period under this Act shall be the year
Immediately preceding the first day OF January 1900 and that
the rate of taxation derived during said rs tax
alton period shall be in addition to the tax
thereon under said Chapter of the Revised
Laws heretofore amended and the amount of such tax shall
be forthwith and be payable in full before the
fifteenth day of November, 1909
Section All Of the provisions OF Sections 1880 to 1889
both inclusive of said chapter ninety OF the Revised Laws
OF the Territory heretofore amended in far the same
are consistent may used in urtherance
of the purposes hereof shall apply to this Act fully
though incorporated herein.
Section S. All collected from time time under
the provisions of this Act shall constitute and be held by the
Treasurer of the Territory special fund Notwithstanding
the provisions of Act of the Session Laws of 1907
law in force be used and applied for the purposes
specified by this Act and otherwise that is to three
orhs of said fund hereby appropriated Tor and shall be
used for the of immigration to the territory
OF Hawaii aid and development of the agricultural resources
and conditions including the of the Board OF mmi-
grafton the be available for expenditure from time to
time shall be determined by the Board OF with
approval onefourt OF said fund here
by appropriated for and shall be used for the development
conservation Improvement and utilization OF the natural re-
of the Territory, the to be maze LOT
expenditure at such times and in such manner as a OF
three persons appointed provided in Section 80 OF the
Organic Act SHALL with the approval OF the Governor