 ... (b) Exclusions from gross income. — The following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE. — Amounts received under a life insurance contract paid by reason of the death...  Reports of the Tax Court of the United States - Page 410by United States. Tax Court - 1955Full view - About this book
 | Philippines - 1945 - 1064 pages
...this Title: (1) Life insurance. — The proceeds of life insurance policies paid to beneficiaries upon the death of the insured, whether in a single sum or otherwise, but if such amounts are helfl by the insurer under an agreement to pay interest thereon, the interest payments shall be included... | |
 | United States. Congress. Senate. Committee on Finance - 1950 - 948 pages
...is found in section 22 (b) (8) of the Internal Revenue Code.4 "(b) Exclusions from gross income. — The following items shall not be included in gross...shall be exempt from taxation under this chapter: "(8) Miscellaneous items: The following items, to the extent provided in section 116: Income of States,... | |
 | 1951 - 1016 pages
...constitutional concept. The exemption, for ready reference reads: SEC. 22. (b) EXCLUSIONS FROM GROSS INCOME. — The following items shall not be included in gross...shall be exempt from taxation under this chapter: * * * (4) TAX-FREE INTEREST. — Interest upon (A) the obligations of a State, Territory, or any political... | |
 | United States. Congress. House. Committee on Ways and Means - 1953 - 1050 pages
...PROVISIONS OF THE INTERNAL REVENUE LAWS SEC. 22. GROSS INCOME. ******* (b) EXCLUSIONS FBOM GROSS INCOME. — The following items shall not be Included in gross...from taxation under this Chapter: (1) LIFE INSURANCE, ETC. — Amounts received — (A) under a life Insurance contract, paid by reason of the death of the... | |
 | United States. Congress. House. Committee on Ways and Means - 1953 - 1536 pages
...are italicized) : "SEC. 22. GROSS INCOME — • «*»•»» (b) EXCLUSIONS FROM GROSS INCOME. — The following items shall not be Included in gross...taxation under this chapter : (1) LIFE INSURANCE, ETC. — Amounts received— "(A) Under a life-insurance contract, paid by reason of the death of the... | |
 | United States. Congress. House. Committee on Ways and Means - 1953 - 1482 pages
...proposed that section 22 (6) (6) of the Internal Revenue Code be amended to read as follows : "(6) The following items shall not be included in gross...and shall be exempt from taxation under this chapter : "'(6) Ministers. — The rental value of a dwelling house and appurtenances there furnished to a... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1953
...more than thirty-six calendar months." ' Section 22 (b) (3) of the Internal Revenue Code provides : "The following items shall not be included in gross...and shall be exempt from taxation under this chapter : . . . "The value of property acquired by gift, bequest, devise, or inheritance . . . ." ' See note... | |
 | United States. Congress. House. Committee on Appropriations - 1953 - 1032 pages
...follows:) "SEC. 116. EXCLUSIONS FROM GROSS INCOME. "In addition to the items specified in section 22 (b), the following items shall not be included in gross...and shall be exempt from taxation under this chapter : "(a) Earned Income From Sources Without the United States. — "(1) Bono, Fide Resident of Foreign... | |
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