Income Tax (Amendment) Act 1914 (NSW)

INCOME TAX (AMENDMENT)

A( T.

Act No. 8, 11)14.

An Act to amend the I n c o m e Tax Ac t , 1911, and

t h e I n c o m e Tax ( A m e n d m e n t ) Ac t , 1 9 1 2 ;

and for o the r purposes .	[Assented to, 16th
April, 1914. j

lative Council and Legislative Assembly of Xew South	BE it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis-
Wales in Parliament assembled, and by the authority of the same, as follows :••—

1 . This Act may be cited as the "Income Tax

(Amendment) Act, 1914/' 2 .

2. The provisions of this Act shall apply to income for the year one thousand nine hundred and thirteen, and for any subsequent year.

3. The Income Tax Act, 1911, as amended by the
Income Tax (Amendment) Act, 1912, is further amended

as follows :— (a) After section eight insert the following- new

section :—
9. The income tax payable by any company
shall be one shilling in the pound on the

amount of the taxable income of such company.

(b) In subsection one of section ten, after '" any person " and before " shall be as follows reinsert the words "other than a company."

4. (l) Section ten, subsection one, paragraph (a), of

the same Act is amended by omitting " sixpence
wherever occurring and substituting " eightpence. "

(2) The second column of the Schedule to the

same Act is amended as follows :—

Omit " sixpence " substitute " eightpence "
Omit " sevenpence " substitute "ninepence"
Omit "eightpence" substitute " tenpence"
Omit "ninepence" substitute " elevenpence"
Omit " tenpence" substitute "one shilling""

Omit "elevenpence" substitute "one shilling and

one penny

Omit "one shilling" substitute "one shilling and.

twopence"

5. (l) Section ten, subsection one, paragraph (a), of the same Act is further amended by omitting " with the addition of one-third where such person is an absentee," and by omitting "or further addition in any case

(2) The second column of the Schedule to the

same Act is further amended as follows :—

Omit "with the addition of one-third where the

person liable to taxation is an absentee "

Omit "wi th the addition of one-third where the

said person is an absentee "

Omit "o r further addition in any case"

wherever such words occur in the said column of the

said Schedule.

INCOME