...Federal Excess Profits Tax Law. The excess profits tax law, section 326 (a), subdivision 5, provides, "That as used in this title the term invested capital for any year means . . . Intangible property bona fide paid in for stock or shares on or after March 3, 1917, in an amount...

...carried on (the cost of which is not stated), and It was proved that the lauds contained 1 SEC. 207. That as used in this title, the term " invested capital " for any year mean* the average invested capital for the year, as defined and limited In tali title, averaged monthly....

...stock outstanding January 1, 1921 .... 25,000 25,000 Invested capital $100,000 REFERENCE: Sec. 326 (a): "That as used in this title the term "invested capital" for any year means (except as provided in subdivision (b) and (c) of this section) : . . . (4) Intangible property bona...

...to be the fair market value as of the date or dates of issue of such stock or shares. SEC. 326. (a) That as used in this title the term "invested capital" for any year means (except as provided in subdivision (b) and (c) of this section) : (1) Actual cash bona fide paid in...

...to be the fair market value as of the date or dates of issue of such stock or shares. Sec. 326. (a) That as used in this title the term "invested capital" for any year means (except as provided in subdivision (b) and (c) of this section): (1) Actual cash bona fide paid in...

...Statutes at Large, pp. 1057, 1092, and 1093 [Comp. St. Ann. Supp. 1919, § 6336%ei]) : "Sec. 326. (a) That as used in this title the term 'invested capital' for any year means (except as provided in subdivisions [b] and [c] of this section) ; "(I) Actual cash bona fide paid...

...into the record. Mr. HAETSON. That is shown under part 5 of the revenue act of 1918, section 326 (a) : That as used in this title the term " invested capital " for any year means (except as provided in subdivisions (b) and (c) of this section) : (1) Actual cash bona fide paid in...

...the record at this point: SEC. 207. That as used in this title, the term " invested capital " for anj year means the average invested capital for the year,..."invested capital" does not include stocks, bonds (other thuii obligations of the United States), or other assets, the income from %vhi<-b is not subject to...

...March 1, 1918. The act of 1917 further provided in section 207 (Сотр. St. 1918, § 6336%h) that the term "invested capital" for any year means the...defined and limited in this title averaged monthly. The section then goes on to further define invested capital, and provides that the term shall include...

...to be the fair market value as of the date or dates of issue of such stock or shares. SEC. 326. (a) That as used in this title the term "invested capital" for any year means (except as provided in subdivision (b) and (c) of this section) : (1) Actual cash bona fide paid in...