 | Corporations - 1953 - 1028 pages
...each of which less than 70 percent of the gross income is personal holding company income; and (2) at any time during the last half of the taxable year...indirectly, by or for not more than 5 individuals. The term "personal holding company" does not include a corporation exempt from taxation under section... | |
 | United States. Internal Revenue Service - Corporations - 1951 - 530 pages
...each of which less than 70 percent of the gross income is personal holding company income; and (2) at any time during the last half of the taxable year...owned, directly or indirectly, by or for not more than five individuals. The term "personal holding company" does not include a corporation exempt from taxation... | |
 | Corporations - 1951 - 984 pages
...income is personal holding company income; and (2) at any time during the last half of the taxable y OUT more than 50 percent in value of its outstanding stock...owned, directly or indirectly, by or for not more than five individuals. The term "personal holding company" does not include a corporation exempt from taxation... | |
 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...stock, a corporation comes within the definition of a personal holding company for any taxable year if at any time during the last half of the taxable year more than 50 percent in value of the outstanding stock was owned, directly or indirectly, by or for not more than five individuals.... | |
 | United States - Session laws - 1939 - 780 pages
...each of which less than 70 per centum of the gross income is personal holding company income ; and (2) STOCK OWNERSHIP REQUIREMENT. — At any time during the last half of the taxable year more than 50 per centum in value of its outstanding stock is owned, directly or indirectly, by or for not more than... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...in each of which less than 70 per centum of the gross income is personal holding company income; and (2) STOCK OWNERSHIP REQUIREMENT. — At any time during the last half of the taxable year more than 50 per centum in value of its outstanding stock is owned, directly or indirectly, by or for not more than... | |
 | Administrative law - 1939 - 1030 pages
...each of which less than 70 per centum of the gross income is personal holding company income ; and "(2) Stock ownership requirement. At any time during the last half of the taxable year more than 50 per centum in value of its outstanding stock is owned, directly or indirectly, by or for not more than... | |
 | Administrative law - 1940 - 1806 pages
...In each of which less than 70 per centum of the gross Income Is personal holding company Income; and tment of trust funds by national banks, see 12 CFR...206.10 (C), 206.17. § 9.169-2 Income of participa per centum In value of Its outstanding stock Is owned, directly or Indirectly, by or for not more than... | |
 | Commercial law - 1939 - 720 pages
...shareholders. Similar presumption will lie In the case of an Investment company where at any time during the taxable year more than 50 percent In value of...outstanding stock is owned, directly or indirectly, by one person. The fact that the earnings or profits of a corporation are permitted to accumulate beyond... | |
 | United States - Law - 1965 - 1110 pages
...of the application of section 555 (c) (2) ; and (2) Stock ownership requirement. At any time during the taxable year more than 50 percent in value of...owned, directly or indirectly, by or for not more than five individuals who are citizens or residents of the United States, hereinafter called "United States... | |
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Is personal holding company Income as defined In section 543, and (2) Stock ownership requirement. At any time during the last half of the taxable year more than 50 percent In value of Its outstanding stock Is owned, directly or Indirectly, by or for... 
