The Increase of Taxes Act 1902 (SA)

ED\VAltDI V11 REGIS.

A.D. 1802.

No, 804.

An Act to provide for the Increase of Taxes under the

Taxation Acts, and for other purposes.

[ Assen t d to, Noveu~ber 13t/', 1902.1

E it Enacted by the Governor, with the advice and consent of

B the Parliament of South Australia, as follows:

1, This Act may be cited nu "The Increase of Taxes Act, short title.

1902," and shall be read and incorporated with the "Taxation Act,

1884," and the Acts amending the same.

2, For the year ending the thirty-first day of December, one Reductionof exemption to One

thousand nine hundred and two, section 2 of the "Taxation Act a,,d Tl,i,,r-

Amendment Act, 1887," is hereby amended by striking out the five Pounds.

words Two Hundred Pounds," in sub-division 11, thereof, and

inserting the words " One Hundred and Thirty-five Pounds" in lieu

thereof.

3, During the operation of section 6 of this Act the words Person absent twelve months from State

a twelve mont.hs " shall be substituted in place of the words two shall be induded

years " in the twelfth line of section 3 of Act 604 of 1894. a ab~entee."

4, The taxes on incomes for the year ending the thirty-first day ~ncrease of taxes.

of December, one thousand nine hundred and two, recoverable under the G Taxation Act, 1884," are hereby increased by the imposition of the following taxes, which shall be in lieu of' the rates of income

tax heretofore in force-

(a) On all income derived from personal exertion, at the rate of SW. 4, sub sec. III., par. (a) and (b). , Act

Four Pence Halfpenny for every Pound sterling of the taxaljle

804 amount

2' EDWARDI VII, No. 804.

The Increase of Taxes Act.-1902.

amount thereof up to and inclusive of the sum of Eight Hundred Pounds, and at the rate of Seven Pence for every Pound sterling of such amount above the sum of Eight. Hundred Pounds:

(b) On all income consisting of the produce of property, at the rate of Nine Pence for every Pound sterling of the taxable amount thereof up to and inclusive of the sum of Eight Hundred Pounds, and at the rate of Thirteen Pence and a Halfpenny for every Pound sterling of such amount above the sum of Eight Hundred Pounds.

Abolition of

5, If the net income from ail sources of a taxpayer in his nok

individual right shall exceed Four Hundred pounds, he shall not be

e x t i n taxable amount in of

income exweds FOW	entitled to any deduction by way of' exemption from income tax
Hu"d'8d "oundu-
See. 3. Art 634 of	imposed by this Act.
1895.
Increase of One	6, The land tax to be calculated on the fourteenth day of December, one thousand nine hundred and two, and due and pay- able on the fourteentt~ day of February, one thousand nine hundred - -

Fnrlhing lnrln

and three, shall be increased at the rate of One Farthing for every

Pound sterling on the amount of the taxable value thereof:

Pereons absent for	7. No person who shall have been out of South Australia for twelve consecutive months prior to the passing of this Act shall be entitled to any deduction by way of exemption from income tar- payable under section 4 hereof.
twlve
entitled to exempt,ion.

In the name and on behalf of His Majesty, I hereby assent to

this Bill.

S. J. WAY, Lieutenant-Governor,

Adelaide : By authority, C. E. Bnra~ow Government Printer, Korth 'I'em*.