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" ... an obligation of the United States or any of its possessions, or of a State or Territory : or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at... "
Statistics of Income from Returns of Net Income - Page 3
by United States. Internal Revenue Service - 1951
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Reports of the United States Tax Court, Volume 91

United States. Tax Court - 1989 - 1186 pages
...its possessions, or of a State or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue; or...
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Reports of the United States Tax Court, Volume 65

United States. Tax Court - 1975 - 1272 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed in Booth Newspapers, Inc. v. United States, 303 F. 2d 916, 921...
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The Federal Paperwork Burden: Hearings Before the Subcommittee on Government ...

United States. Congress. Senate. Committee on Small Business. Subcommittee on Government Regulation - 1972 - 544 pages
...the sale of property described in (1) above; and (5) certain short-term Federal, State, and municipal obligations issued on or after March 1, 1941, on a discount basis. Capital losses. — Capital losses are allowed only to the extent of capital gains. A net capital loss,...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1973 - 882 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue, are...
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The Code of Federal Regulations of the United States of America

1966 - 468 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue. [TD...
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The Code of Federal Regulations of the United States of America

1970 - 772 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue. [TD...
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The Code of Federal Regulations of the United States of America

1949 - 774 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue, are...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1981 - 1062 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year from the date of issue, are...
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Seidman's Legislative History of Federal Income and Excess Profits ..., Volume 1

Jacob Stewart Seidman - 2003 - 972 pages
...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable without interest at a fixed maturity date not exceeding one year 1468 SECTION 42(b) [See inside...
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Your Federal Income Tax for Individuals: 1947

United States. Internal Revenue Service - 1947 - 112 pages
...law also classifies as noncapital assets certain Federal, State, and municipal obligations which were issued on or after March 1, 1941, on a discount basis and which are payable without interest at a fixed maturity date not more than 1 year after issue. ASSETS...
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