 | United States. Congress. Senate. Agriculture and Forestry Committee - 1966 - 784 pages
...farmers' cooperative is defined in section 521 (b) of the Internal Revenue Code, as amended, as "fanners', fruit growers', or like associations organized and...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. Congress. House. Committee on Agriculture - Rural electrification - 1966 - 850 pages
...A farmers' cooperative is defined in section r>21 (h) of the Internal Revenue Code, as amended, as "farmers', fruit growers', or like associations organized...the proceeds of sales, less the necessary marketing exi>enses, on the basis of either the quantity or the value of the products furnished by them, or (H)... | |
 | United States. Congress. House. Committee on Agriculture - 1966 - 852 pages
...COOPERATIVES A farmers' cooperative is defined in section 521 (b) of the Internal Revenue Code, as amended, as "farmers', fruit growers', or like associations organized...members or other producers, and turning back to them the proroeds of sales, less the necessary marketing expenses, on the basis of either the quantity or the... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1971 - 816 pages
...provides that a farmers' cooperative may be exempt if it is organized and operated on a cooperative basis for the purpose of marketing the products of members...marketing expenses, on the basis of either the quantity or value of the products furnished by them. Section 1.521-1 (c) of the Income Tax Regulations requires... | |
 | United States. Tax Court - Taxation - 1975 - 1272 pages
...cooperative as defined by section 521(b)(l). We disagree. Section 521(b)(l ) provides in pertinent part: operated on a cooperative basis (A) for the purpose...proceeds of sales, less the necessary marketing expenses * * * Such section does not purport to prohibit a farmers' cooperative from collecting for its services... | |
 | United States. Internal Revenue Service - Internal revenue - 1975 - 804 pages
...521(b)(l) of the Code provides, in pertinent part, that the farmers' cooperatives exempt from taxation are farmers', fruit growers' or like associations organized and operated on a cooperative basis for the purpose of marketing the products of members or other producers, and turning back to them the... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1976 - 720 pages
...patrons. Section 521 (b) ( 1 ) of the Code provides, in part, for an exemption from Federal income tax for farmers', fruit growers', or like associations organized and operated on a cooperative basis for the purpose of marketing the products of members or other producers, and turning back to them the... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1977 - 632 pages
...the exemption from Federal income tax, except as otherwise provided in sections 1381 through 1383, of farmers', fruit growers', or like associations organized and operated on a cooperative basis for the purpose of marketing the products of members or other producers, and turning back to them the... | |
 | United States. Internal Revenue Service - Internal revenue - 1973
...than on the basis of the amount of lumber marketed. Section 521 (a) of the Code exempts from taxation "farmers, fruit growers, or like associations" organized and operated on a cooperative basis to market the products of its members or other producers, and turning back to them the proceeds of... | |
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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... 
