The War Tax Law: Approved October 3, 1917 |
From inside the book
Results 1-5 of 19
Page 11
... transfers to capital an amount of surplus and undivided profits equal to the value of the stock distributed , the par value of the stock received shall be returned as taxable income . INTEREST ON GOVERNMENT BONDS Interest on United ...
... transfers to capital an amount of surplus and undivided profits equal to the value of the stock distributed , the par value of the stock received shall be returned as taxable income . INTEREST ON GOVERNMENT BONDS Interest on United ...
Page 29
... transferred or received from the prior business shall be allowed a greater value than would have been allowed such prior business , in determining invested capital , unless such asset was paid for in cash or tangible property , in which ...
... transferred or received from the prior business shall be allowed a greater value than would have been allowed such prior business , in determining invested capital , unless such asset was paid for in cash or tangible property , in which ...
Page 38
... transfer brandy , export tobacco , export cigars , export oleomargarine , and export fermented liquor stamps . ( Sec . 305. ) Unless otherwise stated , taxes are effective October 4 , 1917 , the day following the enact- ment of the law ...
... transfer brandy , export tobacco , export cigars , export oleomargarine , and export fermented liquor stamps . ( Sec . 305. ) Unless otherwise stated , taxes are effective October 4 , 1917 , the day following the enact- ment of the law ...
Page 39
... transferred after pay- ment of tax , without being entered in bonded warehouse , under regulations prescribed by the Commissioner of Internal Revenue . ( Sec . 302. ) Tax on spirits in the custody of a court of bank- ruptcy on June 1 ...
... transferred after pay- ment of tax , without being entered in bonded warehouse , under regulations prescribed by the Commissioner of Internal Revenue . ( Sec . 302. ) Tax on spirits in the custody of a court of bank- ruptcy on June 1 ...
Page 48
... transfers type . With par value , each $ 100 face value or fraction Without par value , actual value $ 100 or less ... transfer is by certificate ; c . Bill of sale where certificate delivered in blank . Penalty for violation : fine ...
... transfers type . With par value , each $ 100 face value or fraction Without par value , actual value $ 100 or less ... transfer is by certificate ; c . Bill of sale where certificate delivered in blank . Penalty for violation : fine ...
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Common terms and phrases
Act of September actual cash value additional tax admission agreement to sell approval assessed beverage purposes bonded warehouse calendar year nineteen capital stock carbonated water carrier cents centum centum per annum cigarettes cigars citizen or resident collected Collector of Internal Commissioner of Internal company or association corporation or partnership deduction distilled spirits distillery dividends domestic corporation domestic partnership exceeding excess profits taxes exempt existing law Fermented Liquors fiscal fraction thereof hereby amended hundred and seventeen hundred and sixteen income exceeds income in excess indebtedness insurance company interest Internal Revenue invested capital issued joint-stock company levied manner as provided nineteen hundred normal tax packages par value payment person Postmaster pre-war period prior rectified spirits regulations prescribed Secretary section five September eighth sold subdivision tangible property tax equivalent tax imposed taxable Taxes paid tion total net income trade or business transfer Treasury United wines zone
Popular passages
Page 102 - Deed, instrument, or writing, whereby any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her, or their direction...
Page 90 - Such returns shall contain such information and be made in such manner as the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, may...
Page 106 - That the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, is hereby authorized to make all needful rules and regulations for the enforcement of the provisions of this Act.
Page 33 - All losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade; (a) in the case of oil and gas wells a reasonable allowance for actual reduction in flow and production...
Page 74 - Partnerships (a) In the case of a corporation or partnership: (1) actual cash paid in, (2) the actual cash value of tangible property paid in other than cash...
Page 96 - ... and other documents, instruments, matters, and things mentioned and described in Schedule A of this title, or for or in respect of the vellum, parchment, or paper upon which such instruments, matters, or things, or any of them, are written or printed, by any person who makes, signs, issues, sells, removes, consigns, or ships the same, or for whose use or benefit the same are made, signed, issued, sold, removed, consigned, or shipped, the several taxes specified in such schedule.
Page 72 - An Act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes.
Page 103 - That a tax (hereinafter in this title referred to as the tax), equal to the following percentages of the value of the net estate to be determined as provided in section two hundred and three, is hereby imposed upon the transfer of the net estate of every decedent dying after the passage of this Act...
Page 105 - Treasury, shall prescribe; and such articles, goods, wares, or merchandise, shipped from said islands to the United States, shall be exempt from the payment of any tax imposed by the...
Page 35 - That all administrative, special, and general provisions of law, including the laws in relation to the assessment, remission, collection, and refund of internal-revenue taxes not heretofore specifically repealed, and not inconsistent with the provisions of this title, are hereby extended and made applicable to all the provisions of this title and to the tax herein imposed...