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... Canada; Economic Position and Plans for Development - Page 9by Guaranty Trust Company of New York - 1919 - 30 pagesFull view - About this book
| United States. Internal Revenue Service - 1936 - 68 pages
...for any necessary purpose; (14) Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning...itself is exempt from the tax imposed by this title ; (15) Corporations organized under Act of Congress, if such corporations are instrumentalities of... | |
| United States. Board of Tax Appeals - 1936 - 1468 pages
...evidence discloses that the petitioner was not organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning...organization which itself is exempt from the tax imposed by the Revenue Act of 1928. Its charter shows that it was organized to provide and furnish a supply of... | |
| 1920 - 1042 pages
...produce furnished by them: (12) Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom and turning...provided in section 26 of the act approved July 17. 1010. (14) Personal service corporation*?. Net Income Defined. Sec. 232. That in the case of a corporation... | |
| United States - 1939 - 780 pages
...for any necessary purpose ; (14) Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning...which itself is exempt from the tax imposed by this chapter; (15) Corporations organized under Act of Congress, if such corporations are instrumentalities... | |
| United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...for any necessary purpose; (14) Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning...itself is exempt from the tax imposed by this title ; ( 15) Corporations organized under Act of Congress, if such corporations are instrumentalities of... | |
| United States. Internal Revenue Service - 1956 - 1348 pages
...holding title to property, collecting income therefrom, and turning over the proceeds from such property, less expenses, to an organization which itself is exempt from the tax imposed by Chapter 1 of the 1939 Code. It may not operate a business. Section 101(15) of the 1939 Code provides... | |
| 1961 - 566 pages
...subsection (a) : • * * * • (2) Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning...expenses, to an organization which itself is exempt under this section. § 1.50l(e)(2)- 1 Corporations organized to hold title to property for exempt organizations.... | |
| United States. Congress. House. Committee on Ways and Means - 1961 - 520 pages
...from Federal income taxes. (2) Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning...expenses, to an organization which itself is exempt under this section. (3) Corporations, and any community chest, fund, or foundation, organized and operated... | |
| United States, United States. Congress. Joint Committee on Internal Revenue Taxation - 1961 - 1208 pages
...from Federal income taxes. (2) Corporations organized for the exclusive purpose of holding title to ided in part I of subchapter N (relating to determination...income). SEC. 843. ANNUAL ACCOUNTING PERIOD. For purposes under this section. (3) Corporations, and any community chest, fund, or foundation, organized and operated... | |
| United States. Congress. House. Select Committee on Small Business - 1967 - 1298 pages
...Federal income taxes. f" (2) Corporations organized for the exclusive purpose of holding title j . ]to property, collecting income therefrom, and turning...expenses, to an organization which itself is exempt under this section. (3) Corporations, and any community chest, fund, or foundation, } organized and... | |
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