 | Ewell D. Moore - 1917 - 40 pages
...turning back to them the proceeds, less necessary selling expenses. 12. Corporations or associations organized for the exclusive purpose of holding title...property, collecting income therefrom and turning over entire amount thereof, less expenses, to an organization which itself is exempt from the tax. 13. Federal... | |
 | United States. Internal Revenue Service - Income tax - 1918 - 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 to property, collecting income therefrom, and I turning over the entire amount thereof, less expenses, to an organifzation which itself is exempt... | |
 | Harris, Forbes & co., New York - Income tax - 1919 - 164 pages
...supplying merchandise to members at cost, including the necessary expense. AND COMM NT Organizations (h) Corporations organized for the exclusive purpose of...therefrom, and turning over the entire amount thereof, less expense, to an organization which itself is exempt from the tax imposed by this title; (i) Federal... | |
 | Ewell D. Moore - Taxation - 1919 - 44 pages
...proceeds, less selling expenses, on the basis of the quantity of the produce furnished by them. 12. Corporations organized for the exclusive purpose of holding title to property, collecting the income and turning it over, less expenses to an organization itself exempt from income tax. 13.... | |
 | United States. Internal Revenue Service - Excess profits tax - 1921 - 348 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...therefrom, and turning over the entire amount thereof, less exiienses, to an organization which itself Is exempt from the tax imposed by this title ; (13) Federal... | |
 | National Tax Association - Corporations - 1921 - 76 pages
...less the necessary selling expenses, on the basis of the quantity of produce furnished by them ; (10) Corporations organized for the exclusive purpose of...therefrom, and turning over the entire amount thereof, lessexpenses, to an organization which itself is exempt from the tax imposed by this act ; (11) Banks,... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1921 - 490 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...collecting income therefrom, and turning over the enrire amount thereof, less expenses, to an organization which itself is exempt from income tax; 13.... | |
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...Sec. 231: "That the following organizations shall be exempt from taxation under this title . . . (12) Corporations organized for the exclusive purpose of...turning over the entire amount thereof, less expenses, lo an organization which itself is exempt from the tax imposed by this title;" Bee Problem 208 for... | |
 | Edwin Griswold Nourse - Agricultural laws and legislation - 1927 - 598 pages
...equipment through the association; nor shall exemption be denied any such association because there is accumulated and maintained by it a reserve required...or a. reasonable reserve for any necessary purpose. Such an association may market the products of non-members in an amount the value of which does not... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 pages
...equipment through the association ; nor shall exemption be denied any such association because there is accumulated and maintained by it a reserve required...or a reasonable reserve for any necessary purpose. Such an association may market the products of nonmembers in an amount the value of which does not... | |
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... a reserve required by state law or a reasonable reserve for any necessary purpose. 
