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" Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24. 1917, and originally subscribed for by the taxpayer) the Interest upon which Is wholly... "
Statistics of Income from Returns of Net Income - Page 47
by United States. Internal Revenue Service - 1951
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Tax Evasion and Avoidance: Hearings Before the Joint Committee on Tax ...

United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 496 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than (he obligations of the United States issued after September...1917, and originally subscribed for by the taxpayer), the interest upon which is wholly exempt from the taxes imposed by this title. In short, section 23...
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Codification of Internal Revenue Laws, ... Published Pursuant to Section ...

United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...INTEREST. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations...1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from the taxes imposed by this chapter. (c) TAXES GENERALLY....
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Reports of the U.S. Board of Tax Appeals, Volume 39

United States. Board of Tax Appeals - 1939 - 1380 pages
...INTEREST. — All Interest paid or accrued within the taxable year on Indebtedness, except on indebtedness Incurred or continued to purchase or carry obligations...1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from the taxes Imposed by this title. »SEC. 41. GENERAL RULE....
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The Code of Federal Regulations of the United States of America Having ...

1939 - 1030 pages
...Interest. All interest paid or accrued within the taxable year on indebtedness, except on indebetedness incurred or continued to purchase or carry obligations...1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from the taxes imposed by this title. 3.23 (b)-l Interest....
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The Code of Federal Regulations of the United States of America ..., Book 2

1941 - 1688 pages
...(7) Interest. All Interest paid within the taxable year on Its Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations...1917, and originally subscribed for by the taxpayer) the Interest upon which Is wholly exempt from taxation under this chapter. § 19.203 (a) (7)-l Interest....
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The Code of Federal Regulations of the United States of America ..., Book 2

1940 - 1806 pages
...Interest.— All Interest paid within the taxable year on Its Indebtedness, except on indebtedness V0 the Interest upon which Is wholly exempt from taxation under this title. §9.203 (a) (7)-l Interest....
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Investigation of Concentration of Economic Power: Hearings Before the ...

United States. Congress. House. Temporary National Economic Committee - 1939 - 504 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title." 78 As a general rule interest...
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United States Code, Volume 6

United States - 1965 - 1110 pages
...interest is received or accrued) wholly exempt from the taxes imposed by this subtitle. (2) Interest. Interest on indebtedness incurred or continued to...1917, and originally subscribed for by the taxpayer) the interest on which is wholly exempt from the taxes imposed by this subtitle. In applying the preceding...
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United States Code, Volume 3

United States - 1953 - 1744 pages
...paid" means — (A) All interest paid within the taxable year on indebtedness, except on Indebtedness incurred or continued to purchase or carry obligations...1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this chapter, and (B) All amounts in the...
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Reports of the Tax Court of the United States, Volume 47

United States. Tax Court - 1967 - 786 pages
...Interest is received or accrued) wholly exempt from the taxes Imposed by this subtitle. (2) INTEREST. — Interest on indebtedness Incurred or continued to...obligations of the United States Issued after September 24, 1»17. and originally subscribed for by the taxpayer) the Interest on which Is wholly exempt from the...
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