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" Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title... "
The Code of Federal Regulations of the United States of America Having ... - Page 235
1939
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War Revenue and Federal Income Tax Laws

National Bank of Commerce in New York - Income tax - 1917 - 182 pages
...expenses, on the basis of the quantity of produce furnished by them; Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title; or Thirteenth. Federal land banks and national farm-loan associations as provided in section twenty-six...
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Bench and Bar, Volume 11

Law - 1917 - 596 pages
...expenses, on the basis of the quantity of produce furnished by them ; "Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title; or "Thirteenth. Federal land banks and national farm-loan associations as provided in section twenty-six...
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The Income Tax Under United States and Massachusetts Law

Frank A. North - Income tax - 1917 - 164 pages
...expenses, on the basis of the quantity of produce furnished by them ; Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title ; or Thirteenth. Federal land banks and national farmloan associations as provided in section twenty-six...
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The Income Tax and Other Federal Taxes

Joseph Jay Scott - Electronic books - 1917 - 386 pages
...expenses, on the basis of the quantity of produce furnished by them. 12. Corporation or association organized for the exclusive purpose of holding title...expenses, to an organization which itself is exempt from income tax. 13. Federal land banks and national farm-loan associations, as provided in Section 26 of...
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Income Tax Law and Accounting, 1918: Being a Practical Application of the ...

Godfrey Nicholas Nelson - Excess profits tax - 1918 - 478 pages
...expenses, on the basis of the quantity of produce furnished by them; Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title; or Thirteenth. Federal land banks and national farm-loan associations as provided in section twenty-six...
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Regulations No. 33 (rev.) Governing the Collection of the Income Tax Imposed ...

United States. Internal Revenue Service - Income tax - 1916 - 200 pages
...expenses, on the basis of the quantity of produce furnished by them ; Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title ; or Thirteenth. Federal land banks and national farm-loan associations as provided in section twenty-six...
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Income Tax Law of the United States: Act of September 8, 1916, as Amended ...

Guaranty Trust Company of New York - Aliens - 1918 - 108 pages
...expenses, on the basis of the quantity of produce furnished by them ; Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title; or Thirteenth. Federal land banks and national farmloan associations as provided in section twenty-six...
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The Federal Income Tax Law Act of September 8, 1916, as Amended: Act of ...

United States, Guaranty Trust Company of New York - Income tax - 1918 - 152 pages
...expenses, on the basis of the quantity of produce furnished by them; Twelfth. Corporation or association organized for the exclusive purpose of holding title...itself is exempt from the tax imposed by this title; or Thirteenth. Federal land banks and national farmloan associations as provided in section twenty-six...
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Federal Income Tax, War-profits and Excess-profits Taxes: Including Stamp ...

George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...less the necessary selling expenses, on the basis of the quantity of produce furnished by them; (12) Corporations organized for the exclusive purpose of...itself is exempt from the tax imposed by this title; (13) Federal land banks and national farm-loan associations as provided in section 26 of the act approved...
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Canada; Economic Position and Plans for Development

Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...create Government depositaries and financial agents for the United States, and for other purposes"; (12) Corporations organized for the exclusive purpose of...itself is exempt from the tax imposed by this title: (14) Personal service corporations. NET INCOME DEFINED SEC. 232. That in the case of a corporation...
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