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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,... "
Code of Federal Regulations: Containing a Codification of Documents of ... - Page 165
1981
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Cases on Federal Taxation, Volume 1

Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...farmers, fruit growers, live-stock growers, dairymen, etc., or engaged in the marketing of farm products, and turning back to the producers the proceeds of...the necessary operating expenses, on the basis of the produce furnished by them, are exempt from income tax, and shall not be required to file returns....
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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
...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 (b) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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The Legal Status of Agricultural Co-operation

Edwin Griswold Nourse - 1927 - 598 pages
...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 (b) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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Federal Income Taxes, 1927

Eric Louis Kohler - 1927 - 618 pages
...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 (6) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - 1928 - 268 pages
...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 (b) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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United States Code Annotated

United States - 1928 - 1164 pages
...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 (b) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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Income Tax Procedure ...

Robert Hiester Montgomery - 1925 - 1928 pages
...farmers, fruit growers, livestock growers, dairymen, etc., or engaged in the marketing of farm products, and turning back to the producers the proceeds of...the necessary operating expenses, on the basis of the produce furnished by them, are exempt from income tax and shall not be required to file returns....
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Income Tax Procedure ...

Robert Hiester Montgomery - 1927 - 1510 pages
...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 (b) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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Bulletin, Issues 1-11

United States. Federal Farm Board - 1930 - 678 pages
...or other 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 of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment for the use of members or other persons,...
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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
...marketing and purchasing associations, and corporations organized to finance crop operations. — (a.) Cooperative associations engaged in the marketing...the necessary operating expenses, on the basis of the products furnished by them, are exempt from income tax and shall not be required to file returns....
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