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" All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally... "
The State Department Reports of the State of New York - Page 283
by New York (State) - 1919
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Acts of the General Assembly of the State of Alabama

Alabama - 1919 - 1476 pages
...(2) All interest paid or accrued within the taxable year on its indebtedness, except an indebtedness incurred or continued to purchase or carry obligations...than obligations of the United States issued after Sentember 24, 1917), the interest upon which is wholly exempt from taxation under this act as income...
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Notes on the Revenue Act of 1918, Volumes 1-2

United States. Department of the Treasury, United States. Congress. House. Committee on Ways and Means - 1919 - 196 pages
...taxable year on its indebtedness, except on indebtedness incurred or continued to purchase or cany obligations or securities (other than obligations of the United States issued after September 31, 1017 the income from which is subject, to graduated additional income taxes, commonly known as...
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Federal Taxes: Complete Digest of the Revenue Law, Fixing the Rates for 1918 ...

Ewell D. Moore - 1919 - 44 pages
...in which he has no equity. 2. All interest paid or accrued in the year on indebtedness, except that incurred or continued to purchase or carry obligations or securities (other than those of the .US issued after September 24, 1917) the interest on which is wholly exempt from the tax...
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Federal Income Tax, War-profits and Excess-profits Taxes: Including Stamp ...

George Edwin Holmes - 1920 - 1186 pages
...INTEREST The Revenue Act of 1918 provides that citizens and residents and domestic corporations may deduct all interest paid or accrued within the taxable year...24, 1917), the interest upon which is wholly exempt fronr taxation as income to the taxpayer. Non-resident aliens and foreign corporations may deduct that...
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Fairchild's Daily News Record and Women's Wear National Directory ..., Volume 17

1920 - 622 pages
...property to which the taxpayer has not taken or is not taking title or in which he has no equity. (b) All interest paid or accrued within the taxable year...than obligations of the United States issued after Sept. 24, 1917), the interest upon which is wholly exempt from income tax. (c) Taxes paid or accrued...
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Pamphlets, Volume 35

Irving National Bank, New York - 1920 - 150 pages
...title, or in which it has no equity; (2) All interest paid or accrued within the taxable year on its indebtedness, except on indebtedness incurred or continued...obligations of the United States issued after September 21, 1917) the interest upon which is wholly exempt from taxation under this title as income to the...
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Journal of Accountancy, Volume 30

1920 - 502 pages
...inadmissibles. The law provides that interest paid on indebtedness incurred or continued to purchase obligations (other than obligations of the United States issued...24, 1917), the interest upon which is wholly exempt, is not deductible in computing net taxable income. The disallowance of the interest paid is the same...
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Digest of the Federal Revenue Act of 1921: For Income and Excess Profits ...

National City Company - 1921 - 104 pages
...has no equity." There is a deduction here not before given to persons traveling on business. 75 "(2) All interest paid or accrued within the taxable year...the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation...
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Statutes of the United States of America

United States - 1921 - 642 pages
...property to which the taxpayer has not taken or is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year...the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation...
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The Income and Other Federal Taxes as Affected by Patents, Trade-marks ...

Rex Frye - 1921 - 350 pages
...property to which the taxpayer has not taken or is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year...obligations or securities (other than obligations of the-United States issued after September 24, 1917), the interest upon which is wholly exempt from taxation...
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