 | United States. Court of Claims, Audrey Bernhardt - 1962 - 964 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses. [Emphasis supplied.] The taxpayer urges that it is a "like organization." Its reasoning may be summarized... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...companies, mutual or cooperative telephone companies, or like organizations ; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses ; equipment for the use of members and turning over such supplies and equipment to such members at... | |
 | United States. Congress. Senate. Committee on Finance - 1924 - 44 pages
...omitted, since all of these mutual organ! /.at ions should be exempt if substantially all of their income consists of amounts collected from members...for the sole purpose of meeting losses and expenses. Subject to this condition precedent, mutual casualty companies have been added to the list of exempt... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses ; (11) Farmers', fruit growers ', or like associations, organized and operated as sales agents for... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses; (11) Farmers', fruit growers', or like associations, organized and operated as sales agents for the... | |
 | John F. Sherwood - 1925 - 206 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses; (11) Farmers', fruit growers', or like associations, organized and operated as sales agents for the... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per cent or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses; (11) Farmers', fruit growers', or like associations, organized and operated as sales agents for the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses; (11) Farmers' or other mutual hail, cyclone, casualty, or fire insurance companies or associations... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...irrigation companies, mutual or co-operative telephone companies, or like organizations, but only if 85 % or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses. 11. Farmers' or other mutual hail, cyclone, casualty, or fire insurance companies or associations (including... | |
 | Eric Louis Kohler - 1927 - 618 pages
...companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected...for the sole purpose of meeting losses and expenses; (11) Farmers' or other mutual hail, cyclone, casualty, or fire insurance companies or associations... | |
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... or more of the income consists of amounts collected from members for the sole purpose of making such payments and meeting expenses: (17) Teachers' retirement fund associations of a purely local character. 
