 | United States. Congress. House. Committee on Ways and Means - Insurance, Unemployment - 1939 - 914 pages
...maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. (16) Corporations organized for the exclusive purpose of...which itself is exempt from the tax imposed by this section. (17) Corporations organized under Act of Congress, if such corporations are instrumentalities... | |
 | United States - Law - 1953 - 1744 pages
...maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose; ch stock (other than non voting preferred stock, the...or otherwise, beyond the fixed dividends) is owned chapter; (15) Corporations organized under Act of Congress, if such corporations are instrumentalities... | |
 | United States. Congress. Senate. Committee on the District of Columbia - 1947 - 1798 pages
...taxes on their gross earnings, premiums, or gross receipts under existing laws of the District. (h) Corporations organized for the exclusive purpose,...itself is exempt from the tax imposed by this title. (1) Corporations organized under Acts of Congress, if such corporations are instrumentalities of the... | |
 | United States. Congress. Senate. Committee on the District of Columbia - Budget - 1947 - 1136 pages
...taxes on their gross earnings, premiums, or gross receipts under existing laws of the District. (h) Corporations organized for the exclusive purpose of...itself is exempt from the tax imposed by this title. (i) Corporations organized under Acts of Congress, if such corporations are instrumentalities of the... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1949 - 594 pages
...maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose; "(14) Corporations organized for the exclusive purpose...which itself is exempt from the tax imposed by this chapter; "(15) Corporations organized under Act of Congress, if such corporations are instrumentalities... | |
 | United States - Internal revenue law - 1949 - 592 pages
...maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose; "(14) Corporations organized for the exclusive purpose...which itself is exempt from the tax imposed by this chapter; "(15) Corporations organized under Act of Congress, if such corporations are instrumentalities... | |
 | United States. Bureau of Employment Security - Unemployment insurance - 1941 - 1062 pages
...above. Sec. 101 (14) -provides that a corporation shall be exempt from the federal income tax when organized for the exclusive purpose of holding title...which itself is exempt from the tax Imposed by this chapter. medium through which a charitable foundation created by his will could operate his property... | |
 | Administrative law - 1969 - 324 pages
...organizations. The following organizations are referred to in subsection (a) : * * • • • (2) Corporations organized for the exclusive purpose of...expenses, to an organization which itself Is exempt under this section. § 1.501 (c) (2)— 1 Corporations organized to hold title to property for exempt... | |
 | Administrative law - 1972 - 692 pages
...organizations. The following organizations are referred to in subsection (a) : • * • • • (2) Corporations organized for the exclusive purpose of...expenses, to an organization which itself is exempt under this section. § 1.501 (c)(2)-l Corporations organized to hold title to property for exempt organizations.... | |
 | United States. Congress. Senate. Committee on Finance - 1950 - 958 pages
..."SEC. 101. The following organizations shall be exempt from taxation under this chapter — ****** * "(14) Corporations organized for the exclusive purpose...which itself is exempt from the tax imposed by this chapter;" The following amendment to section 101 (14) would appear to be adequate: "* * * Provided,... | |
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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... 
