Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and Index |
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able acquired activities addition adjusted aggregation allocated allowed amount apply assets association attributable basis benefits capital close Code computing considered contributions corporation costs debts December 31 deduction defined depletion deposit described in section determined distribution dividends earnings effect election employees ending Example excess exempt expenditures exploration facts filed foreign fund gain graph gross income included incurred indebtedness Internal Revenue Code January lease limitation loans meaning meet ment method mineral interests mining Office operating operating mineral organiza organization paid paragraph payment percent percentage period personal holding company portion prior private foundation processes production profits qualifying reasonable received referred regulations relating rent respect rules separate Service share subdivision subparagraph taxable income taxable years beginning taxpayer term termination timber tion trade or business transfer treated trust United
Popular passages
Page 251 - Common Trust Fund shall be computed in the same manner and on the same basis as in the case of an individual...
Page 134 - control" means the ownership of stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 percent of the total number of shares of all other classes of stock of the corporation.
Page 6 - ... no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation, and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office.
Page 155 - 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, on the basis of either the quantity or the value of the products furnished by them, or...
Page 328 - As used in subparagraph (1)(ii) of this paragraph, the term "mining processes" means, for taxable years beginning before January 1, 1961, the ordinary treatment processes normally applied by mine owners or operators in order to obtain the commercially marketable mineral product or products...
Page 158 - Patronage dividends, refunds, and rebates to patrons with respect to their patronage in the same or preceding years (whether paid in cash, merchandise, capital stock, revolving fund certificates, retain certificates, certificates of indebtedness, letters of advice, or in some other manner that discloses to each patron the dollar amount of such dividend, refund, or rebate) shall be taken into account in computing taxable Income In the same manner as in the case of a cooperative organization not exempt...
Page 97 - Unrelated Trade or Business, (a) General Rule. — The term "unrelated trade or business" means in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 35 - ... or (3) Which is the selling of merchandise, substantially all of which has been received by the organization as gifts or contributions. (b) Special rule for trusts. The term "unrelated trade or business...
Page 135 - UNRELATED TRADE OR BUSINESS (a) GENERAL RULE.— The term "unrelated trade or business" means, in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 267 - In the case of a mutual savings bank not having capital stock represented by shares, a domestic building and loan association, and a cooperative bank without capital stock organized and operated for mutual purposes and without profit...
Bibliographic information
| Title | Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and Index |
| Contributor | United States. Office of the Federal Register |
| Publisher | Division of the Federal Register, the National Archives, 1981 |
| Original from | the University of Michigan |
| Digitized | 31 May 2005 |
| Export Citation | BiBTeX EndNote RefMan |