 | Harrison B. Spaulding - 1927 - 336 pages
...other persons, and turning the same over to such members at actual cost, plus necessary expenses.1 13. Corporations organized for the exclusive purpose...to an organization which itself is exempt from the income tax. 14. Federal land banks, national farm loan associations, and federal intermediate credit... | |
 | United States - 1928 - 1164 pages
...centum of the value of all its purchases ; Corporations for holding title to property, and so forth. (13) Corporations organized for the exclusive purpose...is exempt from the tax imposed by this title; and Federal land banks; national farm loan associations, and so forth. (14) Federal land banks, national... | |
 | Robert Hiester Montgomery - 1927 - 592 pages
...for members, and may purchase supplies and equipment for nonmembers in an amount the value of which does not exceed the value of the supplies and equipment...provided in the Federal Farm Loan Act, as amended. Net Income of Corporations Defined SEC. 232. In the case of a corporation subject to the tax imposed... | |
 | Robert Hiester Montgomery - 1919 - 1016 pages
...quantity of produce furnished by them;' CORPORATIONS SERVING EXEMPT CORPORATIONS.— LAW. Section 231 (12) Corporations organized for the exclusive purpose of...itself is exempt from the tax imposed by this title; FEDERAL LAND BANKS.— LAW. Section 231 (13) Federal land banks and national farm-loan associations... | |
 | Robert Hiester Montgomery - 1920 - 1320 pages
...course, subject to tax. (Art. 522.) CORPORATIONS SERVING EXEMPT CORPORATIONS. — LAW. Section 231 (12) Corporations organized for the exclusive purpose of...which itself is exempt from the tax imposed by this title;54 FEDERAL LAND BANKS. — LAW. Section 231 (13) Federal land banks and national farm-loan associations... | |
 | Robert Hiester Montgomery - 1927 - 1510 pages
...CORPORATIONS SERVING EXEMPT CORPORATIONS. — LAW. Section 231 (13) Corporations organized for the from, and turning over the entire amount thereof, less expenses,...is exempt from the tax imposed by this title; and .... An association formed to acquire and hold a building, which was purchased with funds provided... | |
 | United States. Board of Tax Appeals - 1930 - 1460 pages
...earnings of which are devoted exclusively to charitable, educational, or recreational purposes ; ******* (13) Corporations organized for the exclusive purpose...itself is exempt from the tax Imposed by this title; * • •. The petitioner contends that it is entitled to exemption as a corporation organized and... | |
 | United States. Internal Revenue Service - 1931 - 502 pages
...maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose; (14) Corporations organized for the exclusive purpose of...itself is exempt from the tax imposed by this title ; (15) Federal land banks, national farm-loan associations, and Federal intermediate credit banks,... | |
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...Corporations organized for the exclusive purpose of holding title to property, collecting income tterefrom, and turning over the entire amount thereof, less expenses,...itself is exempt from the tax imposed by this title; (15) Federal land banks, national farm-loan associations, and Federal intermediate credit banks, as... | |
 | United States. Bureau of Internal Revenue - 1934 - 76 pages
...maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose; (14) Corporations organized for the exclusive purpose of...itself is exempt from the tax imposed by this title; (15) Corporations organized under Act of Congress, if such corporations are instrumentalities of the... | |
| |
Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title... 
