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" Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without profit... "
Tax Revision Compendium: Compendium of Papers on Broadening the Tax Base - Page 1767
by United States. Congress. House. Committee on Ways and Means - 1959 - 2382 pages
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Cases Decided in the Court of Claims of the United States, Volume 63

United States. Court of Claims - Law reports, digests, etc - 1928 - 760 pages
...relates to building and loan associations, in only one particular. It provided for the exemption of those associations " substantially all the business of which is confined to making loans to members." It will be noted, therefore, that under none of the acts, except the act of 1909, was any income tax...
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Statutes of the United States of America

United States - Law - 1921 - 642 pages
...members of such society, order, or association or their dependents ; (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members ; and cooperative banks without capital stock organized and operated for mutual purposes and without...
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Digest of the Federal Revenue Act of 1921: For Income and Excess Profits ...

National City Company - Income tax - 1921 - 104 pages
...members of such society, order, or association or their dependents ; 115 "(4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and co-operative banks without capital stock organized and operated for mutual purposes and without...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 4

United States - Law - 1922 - 1028 pages
...members of such society, order, or association or their dependents ; (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and co-operative banks without capital stock organized and operated for mutual purposes and without...
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Journal of Accountancy, Volume 34

Accounting - 1922 - 498 pages
...1918, that they were restored in the act of 1921 in this phraseology: "* * * domestic building and loan associations substantially all the business of which is confined to making loans to members," and it is argued that the omission of such language in the 1918 statute indicates a purpose of congress...
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Federal Income Tax Problems --1922

Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...organizations shall be exempt from taxation under this title— . . . (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and co-operative banks without capital stock organized and operated for mutual purposes and without...
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Practical Questions and Answers on the Federal Tax Laws Affecting Individual ...

Irving Bank. Columbia Trust Company - Income tax - 1923 - 148 pages
...members of such society, order, or association or their dependents; (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...Dividends or interest received by an individual before January 1, 1927, from domestic building and loan associations, substantially all the business of which is confined to making loans to members, but the amount excluded from gross income under this paragraph •shall not exceed $300 in any taxable...
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Comparison of the Revenue Acts of 1918 and 1921

United States - Finance - 1924 - 260 pages
...members of such society, order, or association or their dependents; (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutural purposes and without...
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Elements of the Modern Building and Loan Associations

Horace Frisby Clark, Frank A. Chase - Savings and loan associations - 1925 - 568 pages
...following organizations shall be exempt from taxation under this title: (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without...
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