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" Benevolent life insurance associations of a purely local character, mutual ditch or irrigation' companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected... "
Comparison of the Revenue Acts of 1926 and 1928: With Index - Page 42
by United States - 1928 - 247 pages
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Tax-exempt Foundations: Their Impact Om Small Business, Hearings Before ...

United States. Congress. House. Select Committee on Small Business - 1967 - 1298 pages
...received from assessments on the teaching salaries of members, and income in respect of investments. (12) Benevolent life insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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Reports of the Tax Court of the United States, Volume 35

United States. Tax Court - 1961 - 1354 pages
...subsection (c) shall be exempt from taxation, and paragraph (12) of subsection (c) reads as follows: Benevolent life insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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Secret Service and Internal Revenue Service Surveillance and Records ...

United States. Congress. House. Committee on Government Operations. Subcommittee on Government Information and Individual Rights - 1975 - 244 pages
...received from assessments on the teaching salaries of members, and income in respect of investments. (12) Benevolent life insurance associations of a purely...companies, or like organizations ; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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Code of Federal Regulations: Containing a Codification of Documents of ...

1975 - 478 pages
...organizations. The following organizations are referred to in subsection (a) : • • • • • (12) Benevolent life insurance associations of a purely...telephone companies, or like organizations; but only if 86 percent or more of the income consists of amounts collected from members for the sole purpose of...
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The Code of Federal Regulations of the United States of America

1967 - 300 pages
...of exempt organizations. The following organizations are referred to in subsection (a) : ***** (12) Benevolent life insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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The Code of Federal Regulations of the United States of America

1971 - 332 pages
...exempt organizations. The following organizations are referred to in subsection (a) : * * • * • (12) Benevolent life Insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meetIng...
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Legal Phases of Farmer Cooperatives

United States. Farmer Cooperative Service - 1976 - 788 pages
...501(c)(12) of the Internal Revenue Code of 1954 provides exemption from the Federal income tax for "Benevolent life insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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The Code of Federal Regulations of the United States of America

1972 - 332 pages
...List of exempt organisations. The following organizations are referred to in subsection (a) : (12) Benevolent life insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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The Code of Federal Regulations of the United States of America

1968 - 292 pages
...of exempt organizations. The following organizations are referred to In subsection (a) : ***** (12) Benevolent life Insurance associations of a purely...telephone companies, or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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Legislation Needed to Improve Administration of Tax Exemption Provisions for ...

United States. General Accounting Office - 1982 - 114 pages
...the tax exemption of various nonprofit organizations. Section 501(c)(12) extends exempt status to: "Benevolent life insurance associations of a purely...telephone companies or like organizations; but only if 85 percent or more of the income consists of amounts collected from members for the sole purpose of meeting...
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