General Revenue Revision: Hearings Before the Committee on Ways and Means, House of Representatives, Eighty-fifth Congress, Second Session, on Topics Pertaining to the General Revision of the Internal Revenue Code ...U.S. Government Printing Office, 1958 - 3588 pages |
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Expressions et termes fréquents
allocated amended American amount assets Association basis benefit capital gains cash CHAIRMAN co-ops coal Colorado commercial banks competitive Congress cost credit unions dairy dealer decedent deduction depletion allowance deposits depreciation earnings economic effect employees estate tax exemption expenditures expenses farm farmer cooperatives Federal income tax finance FORAND funds Government grain gross income included increase individual inequity interest Internal Revenue Code Internal Revenue Service investment January 22 KEOGH legislation limited marital deduction Means Committee ment million mineral mining mutual savings banks National oil shale oil shale industry operating organization paid patronage dividends patrons payment pension percent percentage depletion permitted petroleum plans preferred stock present President production profits proposed purchase received Representatives reserves result retirement ROTH savings and loan self-employed shale oil statement stockholders Sylacauga synthetic fuels tax-free taxable income taxation taxpayer tion Treasury United
Fréquemment cités
Page 1368 - GENERAL RULE. — There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.
Page 1385 - In no case shall this section apply with respect to amounts paid or incurred for the purpose of ascertaining the existence, location, extent, or quality of any deposit of oil or gas.
Page 1407 - In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27 y2 per centum of the gross Income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or Incurred by the taxpayer In respect of the property.
Page 1475 - The amount of all Items of gross income In respect of a decedent which are not properly includible in respect of the taxable period in which falls the date of his death...
Page 1728 - Every credit union is a cooperative institution organized "for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes.
Page 1463 - Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for depletion) from the property, except that in no case shall the depletion allowance under section 23 (m) be less than it would be if computed without reference to this paragraph.
Page 1927 - ... stock and at least 80 percent of the total number of shares of all other classes of stock of the corporation...
Page 1372 - The CHAIRMAN. Are there any further questions? If not, we thank you for your appearance and the information you have given the committee.
Page 1608 - ... so long as that purpose is the equivalent of business activity or is followed by the carrying on of business by the corporation, the corporation remains a separate taxable entity.
Page 1369 - Members of family — (A) In general. An individual shall be considered as owning the stock owned, directly or indirectly, by or for — (i) His spouse (other than a spouse who is legally separated from the individual under a decree of divorce or separate maintenance ) , and...