Seidman's Legislative History of Federal Income and Excess Profits Tax Laws, 1953-1939, Volume 1 |
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Page 1171
... computing the 85 percent limita- tion upon the credit for dividends re- ceived . ( p . 67 ) Other technical changes have been made by your committee in this section of the bill . Section 15 ( a ) , relating to surtax on corporations ...
... computing the 85 percent limita- tion upon the credit for dividends re- ceived . ( p . 67 ) Other technical changes have been made by your committee in this section of the bill . Section 15 ( a ) , relating to surtax on corporations ...
Page 1172
... computing the credit for dividends paid on the preferred stock of a public utility . Pursuant to new section 611 , in the case of taxable years beginning before April 1 , 1951 , the 85 - percent credit for dividends received will be ...
... computing the credit for dividends paid on the preferred stock of a public utility . Pursuant to new section 611 , in the case of taxable years beginning before April 1 , 1951 , the 85 - percent credit for dividends received will be ...
Page 1173
... computing the eredit for dividends received provided in section 26 ( b ) . ( 1 ) Calendar year 1950 and taxable years beginning after June 30 , 1950. — In the case of a taxable year beginning on January 1 , 1950 , and ending on December ...
... computing the eredit for dividends received provided in section 26 ( b ) . ( 1 ) Calendar year 1950 and taxable years beginning after June 30 , 1950. — In the case of a taxable year beginning on January 1 , 1950 , and ending on December ...
Page 1175
... computing surtax net income , the bill as reported by your committee also provides that , for the purposes of the surtax , the dividends- received credit shall be limited to 85 percent of the net income rather than 85 percent of the ...
... computing surtax net income , the bill as reported by your committee also provides that , for the purposes of the surtax , the dividends- received credit shall be limited to 85 percent of the net income rather than 85 percent of the ...
Page 1241
... computing net income under this title , no gain or loss shall be recognized to a corporation from the purchase and retirement by such corporation of its own obligations at less or more than the par or face value of such obligations ...
... computing net income under this title , no gain or loss shall be recognized to a corporation from the purchase and retirement by such corporation of its own obligations at less or more than the par or face value of such obligations ...
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Common terms and phrases
1st Sess 2d Sess Act Hearings-Ways Additional Material adjusted gross income alimony amends section annuity apply bad debts basis bill amends bonds centum Commissioner Committee 77th Cong Committee 82d Cong Committee Reports Report-Senate Committee Reports Report-Ways compensation computing Congress Congressional Discussion cooperative corporation December 31 Discussion-Senate Cong E. C. Alvord earnings election employee excess profits tax exemption existing law expenditures expenses Federal Income Tax Finance Committee 77th Hearings Confidential)-Senate Hearings-Senate Finance Commit Hearings-Ways and Means History of Federal House bill included Income Tax Laws indebtedness Internal Revenue Code inventory liquidation ment mittee mutual savings banks nance Committee.-Explanation net income paid or incurred paragraph payments percent period preferred stock prior purposes reorganization Report-Conference Committee Report-Senate Finance Committee Report-Ways and Means Reports Report-Senate Finance Rept reserve respect Revenue Act section 22 Seidman's Legislative History Senator shareholders subparagraph surtax taxable years beginning taxpayer tion trade or business trust
Popular passages
Page 1242 - USC 205 (m)). namely, any common carrier by railroad engaged in the transportation of persons or property in interstate commerce, except a street, a suburban, or interurban electric railway which is not operated as a part of a general railroad system of transportation...
Page 1208 - If the employee's rights under the contract are nonforfeitable except for failure to pay future premiums, the amount contributed by the employer for such annuity contract on or after such rights become nonforfeitable shall be included In the Income of the employee in the year in which the amount is contributed...
Page 1196 - Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (2) ANNUITIES, ETC.