 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...underwriters) the income of which is used or held for the purpose of paying losses or expenses ; (12) Farmers', fruit growers', or like associations organized...marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...underwriters) the income of which is used or held for the purpose of paying losses or expenses; (12) Farmers', fruit growers', or like associations organized...marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (6) for the purpose of purchasing supplies and equipment... | |
 | Edwin Griswold Nourse - Agricultural laws and legislation - 1927 - 598 pages
...adopted: Sec. 231. The following organizations shall be exempt from taxation under this title — (12) Farmers', fruit growers', or like associations organized...marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment... | |
 | Harrison B. Spaulding - Income tax - 1927 - 336 pages
...expenses. 12. Farmers', fruit-growers' or like associations organized and operated on a co-operative basis for the purpose of marketing the products of members...necessary marketing expenses, on the basis of either quantity or the value of produce furnished by them ; or for the purpose of purchasing supplies and... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 pages
...TAX LAWS Although under section 231 (12) of the revenue act of 1926 specific exemption is granted to farmers, fruit growers, or like associations organized and operated on a cooperative basis, consumers' cooperatives which are organized and operated on a cooperative basis have been subject to... | |
 | United States - Law - 1928 - 1164 pages
...for the purpose of paying losses or expenses ; Associations for marketing produce of members. (12) Farmers', fruit growers', or like associations organized...marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment... | |
 | United States - Finance - 1928 - 268 pages
...irrigation companies; or stocks and bonds and other certificates of indebtedness issued by any farmers' or fruit growers' or like associations organized and operated on a, cooperative basis for the purposes, and subject to the conditions, prescribed in paragraph (12) of section SSI.32 SEC.... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 592 pages
...underwriters) the income of which is used or held for the purpose of paying losses or expenses; (12) Farmers', fruit growers', or like associations organized...marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment... | |
 | Robert Hiester Montgomery - Excess profits tax - 1919 - 1016 pages
...and fees collected from members for the sole purpose of meeting its expenses: products of its members and turning back to them the proceeds of sales, less the necessary selling expenses, on the basis of the quantity of produce furnished by them; Twelfth. Corporation or... | |
 | United States. Federal Farm Board - Agriculture - 1930 - 678 pages
...(hall be exempt from taxation under this title : "(12) Farmers', fruit growers', or like association! organized and operated on a cooperative basis (a)...producers, and turning back to them the proceeds of the sales, less the necessary marketing expenses, on the basis of either the quantity or the value... | |
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Farmers', fruit growers', or like associations organized and operated on a cooperative basis (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses... 
