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" Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title... "
Income Tax Law: Analysis and Comment - Page 91
by Harris, Forbes & Co., New York - 1916 - 125 pages
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Corporation Accounting

Robert Joseph Bennett - 1916 - 594 pages
...12. Corporations or associations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the...itself is exempt from the tax imposed by this title. 13. Federal land banks and national farm-loan associations, 14. Joint-stock land banks as to income...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1916 - 804 pages
...such members ; nor to corporations organized for the exclusive purpose of holding title to property, collecting income therefrom and turning over the entire...to an organization which itself is exempt from the provisions of this act; nor to any other corporation, joint-stock company, association, or insurance...
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The Abridgment 1915: Containing the Annual Message of the President of the ...

United States. Congress. Joint Committee on Printing, United States. President (1913-1921 : Wilson) - 1916 - 1044 pages
...such members; nor to corporations organized for the exclusive purpose of holding title to property, collecting income therefrom and turning over the entire...to an organization which itself is exempt from the provisions of this act; nor to any other corporation, joint-stock company, association, or insurance...
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1917 War Tax Guide: The Federal Laws Covering: the Income Tax, Stamp Tax ...

William Kix Miller, Arnold Rudolph Ruprecht Baar, Arnold Rudolph Baar - 1917 - 136 pages
...them; (12) corporation or association organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the...itself is exempt from the tax imposed by this title; or (13) federal land banks and national farm-loan associations as provided in section twenty-six of the...
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Income Tax Procedure

Robert Hiester Montgomery - 1920 - 1304 pages
...LAW. Section 231 (I2) Corporations organized for the exclusive purpose of holding title to property, cy] F s e CD p c: }; : +QWT title;54 FEDERAL LAND BANKS. — LAW. Section 231 (13) Federal land banks and national farm-loan associations...
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The Income Tax and Other Federal Taxes

Joseph Jay Scott - 1917 - 386 pages
...them. 12. Corporation or association organized for the exclusive purpose of holding title to property, collecting income therefrom and turning over the entire...expenses, to an organization which itself is exempt from income tax. 13. Federal land banks and national farm-loan associations, as provided in Section 26 of...
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War Tax: A Complete Analysis and Explanation of Normal Taxes and Special War ...

Ewell D. Moore - 1917 - 40 pages
...for the exclusive purpose of holding title to property, collecting income therefrom and turning over entire amount thereof, less expenses, to an organization which itself is exempt from the tax. 13. Federal Land banks and National Farm loan associations. 14. Joint-stock Land banks as to income...
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Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock ...

George Edwin Holmes - 1917 - 690 pages
...class). Corporations or associations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to organizations which are themselves exempt from the income tax are also exempt. Such corporations were...
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Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock ...

George Edwin Holmes - 1917 - 674 pages
...class). Corporations or associations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to organizations which are themselves exempt from the income tax are also exempt. Such corporations were...
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Regulations No. 33 (rev.) Governing the Collection of the Income Tax Imposed ...

United States. Internal Revenue Service - 1916 - 200 pages
...Twelfth. Corporation or association organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the...provided in section twenty-six of the Act approved Jul^ seventeenth, nineteen hundred and sixteen, entitled "An Act to provide capital for agricultural...
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