AI-assisted research summary: This law continues certain listed fiscal laws in force until 31 December 1960, sets the 1960 income tax standard rate at four shillings in the pound, and changes several income tax deduction amounts.
Jersey Law 3/1960 FINANCE (JERSEY) LAW, 1960. ____________ A LAW to continue certain expiring fiscal laws, to prescribe the standard rate of income tax for the year nineteen hundred and sixty, and to amend the Law relating to income tax, sanctioned by Order of Her Majesty in Council of the 11th day of MAY, 1960. ____________ ( Registered on the 4 th day of June , 1960). ____________ STATES OF JERSEY. ____________ The 19th day of January, 1960. ____________ T HE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law : - PART I CONTINUATION OF EXPIRING FISCAL LAWS ARTICLE 1 The Laws mentioned in the Schedule to this Law, as amended and continued in force by any subsequent enactment, shall remain in force until the thirty-first day of December, nineteen hundred and sixty. PART II STANDARD RATE OF INCOME TAX FOR 1960 ARTICLE 2 There shall be levied and charged in the Island for the year nineteen hundred and sixty, in accordance with the provisions of the Income Tax (Jersey) Law, 1937, 1 as amended by any subsequent enactment including this Law, income tax at the standard rate of four shillings in the pound. PART III AMENDMENT OF INCOME TAX LAW ARTICLE 3 (1) In paragraph (1) of Article 4 of the Income Tax (Jersey) Law, 1937, 1 as amended 2 (in this Part of this Law referred to as “the principal Law”), for the words “three hundred pounds” there shall be substituted the words “three hundred and forty pounds”. (2) In sub-paragraph ( b ) of paragraph (1) of Article 6 of the principal Law, 3 for the words “a deduction of three hundred pounds under the preceding provisions of this Part of this Law” there shall be substituted the words “the higher deduction under paragraph (1) of Article 4 of this Law”. ARTICLE 4 (1) In paragraph (1) of Article 6 of the principal Law, 3 for the words “fifty pounds”, in both places where those words occur, there shall be substituted the words “one hundred pounds”. (2) In paragraph (1) of Article 6A of the principal Law, 4 for the words “fifty pounds” there shall be substituted the words “one hundred pounds”. (3) In Article 7 of the principal Law, 5 for the words “fifty pounds” there shall be substituted the words “one hundred pounds”. ARTICLE 5 (1) In paragraph (1) of Article 8 of the principal Law, 6 for the words “one hundred and thirty pounds” there shall be substituted the words “one hundred and seventy pounds”, and for the words “sixty pounds”, wherever those words occur, there shall be substituted the words “one hundred pounds”. (2) In paragraph (2) of Article 8 of the principal Law, 6 for the words “sixty pounds” there shall be substituted the words “one hundred pounds”. (3) In Article 8A of the principal Law, 7 for the words “fifty pounds” there shall be substituted the words “one hundred pounds”. ARTICLE 6 This Part of this Law shall apply in relation to the year nineteen hundred and fifty-nine and ensuing years. PART IV SHORT TITLE ARTICLE 7 This Law may be cited as the Finance (Jersey) Law, 1960. SCHEDULE FISCAL LAWS CONTINUED IN FORCE Import Duties (Jersey) Law, 1932 ; 8 “Loi (1937) autorisant la perception d’un impôt sur le tabac” ; 9 “Loi (1937) autorisant la perception d’un impôt sur la bière” ; 10 Entry Duties (Jersey) Law, 1939 ; 11 “Loi (1940) autorisant la perception d’un impôt sur certaines huiles et essences” ; 12 Import Duty on Oils and Spirits (Administration) (Jersey) Law, 1940. 13 To be printed, published and posted. F. DE L. BOIS, Greffier of the States. 1 Tome 1937–1938, page 137. 2 Tome 1946–1948, page 205, Tome 1949–1950, pages 72 and 352, Tome 1951–1953, page 22 and Tome 1954–1956, page 63. 3 Tome 1937–1938, page 138 and Tome 1949–1950, page 73. 4 Tome 1937–1938, page 139 and Tome 1951–1953, page 277. 5 Tome 1937–1938, page 139, Tome 1949–1950, page 353 and Tome 1954–1956, page 63. 6 Tome 1937–1938, page 139, Tome 1954–1956, pages 63 and 286 and page 268 of this volume. 7 Tome 1937–1938, page 140 and Tome 1954–1956, page 64. 8 Tome VII, page 148. 9 Tome 1937–1938, page 95. 10 Tome 1937–1938 page 99. 11 Tome 1939–1945, page 121. 12 Tome 1939–1945, page 253. 13 Tome 1939–1945, page 257.