 | United States - 1964 - 1098 pages
...income (as denned in section 804) or, if smaller, the gain from operations (as defined in section 809). (2) if the gain from operations exceeds the taxable...the taxable year, as determined under section 815. (Added Pub. L. 86-69, §2(a), June 25, 1959, 73 Stat. 115, amended Pub. L. 87-858, §3(b)(l), Oct.... | |
 | 1979 - 580 pages
...income (as defined in section 804) or. if smaller, the gain from operations (as defined in section 809), (2) If the gain from operations exceeds the taxable...the taxable year, as determined under section 815. [Sec. 802 as amended by sec. 2. Life Insurance Company Tax Act 1955 (70 Stat. 38); sec. 2, Life Insurance... | |
 | 1967 - 408 pages
...Income (as defined In section 804) or, If smaller, the gain from operations (as defined In section 809), (2) If the gain from operations exceeds the taxable...such excess, plus (3) The amount subtracted from the pollcyholders surplus account for the taxable year, as determined under section 815. [ Sec. 802 as... | |
 | 1971 - 748 pages
...Income (as defined in section 804) or, if smaller, the gain from operations (as denned in section 809), (2) If the gain from operations exceeds the taxable...such excess, plus (3) The amount subtracted from the pollcyholders surplus account for the taxable year, as determined under section 816. [Sec. 802 as amended... | |
 | 1976 - 536 pages
...Income (as defined in section 804) or, if smaller, the gain from operations (as defined In section 809), (2) If the gain from operations exceeds the taxable investment Income, an amount equal to 60 percent of such excess, plus (8) The amount subtracted from the pollcyholders surplus account for... | |
 | 1989 - 672 pages
...distribution from the policyholders surplus account which is taxed at a 52 percent tax rate. Thus, of the amount subtracted from the policyholders surplus account for the taxable year 1960, $12,000 is due to the application of section 815(c)(3) (A), and $6,125 to the application of... | |
 | 1985 - 548 pages
...distribution from the policyholders surplus account which is taxed at a 52 percent tax rate. Thus, of the amount subtracted from the policyholders surplus account for the taxable year 1960, $12,000 is due to the application of section 815(c)(3) (A), and $6,125 to the application of... | |
 | United States. Internal Revenue Service - 1961 - 1668 pages
...income (as defined in section 804) or, if smaller, the gain from operations (as defined in section 809), (2) If the gain from operations exceeds the taxable...such excess, plus (3) The amount subtracted from the ixjlic.vholders surplus account for the taxable year, as determined under section 815. [Sec. 802 as... | |
 | United States. Internal Revenue Service - 1968 - 1034 pages
...section 804 of the Code or, if smaller, the gain from operations as denned in section 809 of the Code; (2) if the gain from operations exceeds the taxable...income, an amount equal to 50 percent of such excess; and (3) the amount subtracted from the policyholders' surplus account, an item not here pertinent.... | |
 | United States. Congress. Senate. Committee on Finance - 1959 - 764 pages
..."(1) the taxable investment income (as defined in section 801) or the gain from operations (as defined in section 809(a) ), whichever is the smaller, "(2)...computing reserves. "SEC. 804. TAXABLE INVESTMENT INCOME. "<&) IN GENERAL. — For purposes of this part, the amount of the taxable investment income for any... | |
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Life insurance company taxable income defined. For purposes of this part, the term "life insurance company taxable income" means the sum of— (1) The taxable investment income (as defined in section 804) or. if smaller, the gain from operations (as defined... 
