THE LAND BILLS.

Taranaki Herald, Volume LIV, Issue 13480, 20 July 1907, Page 5

THE LAND BILLS.

GRADUATED LAND TAX.

TEXT OF THE BILL.

Tho Prime Minister sends us the following account of the Land and Income Assessment Amendment Bill, containing the Government's proposals for increasing , the Graduated Land Tax: — This Act may be cited as the Land and Income Assessment Act, 1907, and shall be read together with and deemed to form part of the Land and Income Assessment Act, 1900.

In this Act, unless a contrary intention applies from the context or subject matter, "Land" does not include mortgages ; but otherwise has the same meaning as in the principal Act. "Year" means a financial year ending on the 31st day of March.

Sections 44 and 45 of the principal Act, section 5 of the Land and Income Assessment Amendment Act, 1903, and the schedule to the last-mentioned Act, are hereby repealed, but all land tax for any period prior to April 1,1907, 5ha1l continue to be levied as if the said sections and schedule had not been so repealed.