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" ... because there is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. "
Revenue Revision 1927-28: Hearings Before the Committee on Ways and Means ... - Page 423
by United States. Congress. House. Committee on Ways and Means - 1927 - 1014 pages
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Revenue Revision: Hearings Before the Committee on Ways and Means, House of ...

United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...of selling and distributing their products to their members and other patrons at cost plus necessary operating expenses. Such associations shall not be...because there is accumulated and maintained by It n reserve required by State statute or a reasonable reserve for any necessary purpose; nor shall exemption...
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Report of the Joint Committee on Internal Revenue Taxation, Volumes 1-3

United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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The Legal Status of Agricultural Co-operation

Edwin Griswold Nourse - 1927 - 598 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by state law or a. reasonable reserve for any necessary purpose. Such an association may market the products...
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Federal Income Taxes, 1927

Eric Louis Kohler - 1927 - 618 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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United States Code Annotated

United States - 1928 - 1164 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - 1928 - 268 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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Income Tax Procedure ...

Robert Hiester Montgomery - 1927 - 1510 pages
...producers who market their products or purchase their supplies and equipment through the association; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 278

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1929 - 784 pages
...whichever is greater, . . . , and if substantially all such stock is owned by producers . . . ; nor shall exemption be denied any such association because...there is accumulated and maintained by it a reserve . . . Such an association may market the products of nonmembers in an amount the value of which does...
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Bulletin, Issues 1-11

United States. Federal Farm Board - 1930 - 678 pages
...producers who mnrkct their products or purchase their supplies and equipment through the association ; nor shall exemption be denied any such association because...accumulated and maintained by It a reserve required by State law or a reasonable reserve for nny necessary purpose. Such an association mny market the products...
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Regulations 74 Relating to the Income Tax Under the Revenue Act of 1928

United States. Internal Revenue Service - 1931 - 502 pages
...produeers who market their products or purchase their supplies and equipment through the association ; nor shall exemption be denied any such association because...accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products...
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