 | Administrative law - 1939 - 1522 pages
...portion thereof which represents gain will be applied In reduction of the basis of such new vessels for determining gain or loss, and for depreciation, for the purpose of Federal income or excess -profits taxes. If any amounts are withdrawn for purposes other than the construction or acquisition... | |
 | United States - 1941 - 1300 pages
...the amount of gain which would be recognized to the taxpayer without regard to this subsection. (d) The basis for determining gain or loss and for depreciation,...purpose of Federal income or excess-profits taxes, of any new vessel constructed or acquired by the taxpayer in whole or in part out of the construction... | |
 | United States - Law - 1983 - 1444 pages
...regard to this subsection. (d) Basis for determining train or loe* and for depreciation of new vessels of not more than $100 for each offense; and, on application made by purposes of Federal income or excess profits taxes, of any new vessel constructed, reconstructed, reconditioned,... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...the amount of gain which would be recognized to the taxpayer without regard to this subsection. "(d) The basis for determining gain or loss and for depreciation,...purpose of Federal income or excess-profits taxes, of any new vessel constructed or acquired by the taxpayer in whole or in part out of the construction... | |
 | United States. Congress. House Merchant Marine and Fisheries - 1945 - 900 pages
...down payment and the deferred payments authorized under (1) and (2) of this section shall constitute the basis for determining gain or loss and for depreciation for the purposes of Federal income and excess-profits taxes, and moneys withdrawn from the special sinking... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Income tax - 1946 - 428 pages
...the amount of gain which would be recognized to the taxpayer without regard to this subsection. "(d) The basis for determining gain or loss and for depreciation,...purpose of Federal income or excess-profits taxes, of any new vessel constructed or acquired by the taxpayer in whole or in part out of the construction... | |
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Federal income or excess profits taxes, of any new vessel constructed, reconstructed, reconditioned, or acquired by the taxpayer, or with respect to which purchase-money indebtedness is liquidated as provided in... 
