 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...association does not meet the requirements of the statute and is not exempt. An association which has capital stock will not for such reason be denied... | |
 | Robert Hiester Montgomery - Excess profits tax - 1923 - 1760 pages
...the quantity of milk or of butter fat in the milk furnished by such members, are exempt from the tax. If the proceeds of the business are distributed in any other way than on such a proportionate basis, or if the association deducts more than necessary selling expenses, k does not meet the requirements... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...meet the requirements of the Act and is not exempt. An association which has capital stock will not for such reason be denied exemption, (1) if the dividend... | |
 | United States. Bureau of Internal Revenue - Income tax - 1933 - 452 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...meet the requirements of the Act and is not exempt. An association which has capital stock will not for such reason be denied exemption, (1) if the dividend... | |
 | United States. Bureau of Internal Revenue - Corporations - 1934 - 76 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...meet the requirements of the Act and is not exempt. In other words, nonmember patrons must be treated the same as members in so far as the distribution... | |
 | 1928 - 790 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from "the tax. If the proceeds of the business are distributed in...association does not meet the requirements of the statute and is not exempt. An association which has capital stock will not for such reason be denied... | |
 | United States. Board of Tax Appeals - Taxation - 1936 - 1468 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...meet the requirements of the Act and is not exempt. An association which has capital stock will not for such reason be denied exemption, (1) if the dividend... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...meet the requirements of the Act and is not exempt. In other words, nonmember patrons must be treated the same as members in so far as the distribution... | |
 | Administrative law - 1939 - 1030 pages
...quantity of milk or of butter fat in the milk furnished by such producers, are exempt from the tax. If the proceeds of the business are distributed in...meet the requirements of the Act and is not exempt. In other words, nomnember patrons must be treated the same as members in so far as the distribution... | |
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If the proceeds of the business are distributed in any other way than on such a proportionate basis, the association does not meet the requirements of the Act and is not exempt. 
