| Robert Hiester Montgomery - 1927 - 592 pages
...accident, or other benefits to the members of such society, order, or association or their dependents; of which is confined to making loans to members; and...banks without capital stock organized and operated for mutual purposes and without profit; (5) Cemetery companies owned and operated exclusively for the benefit... | |
| Robert Hiester Montgomery - 1927 - 1510 pages
...taxable year shall not exceed $300; REGULATION (2) Dividends or interest received by an individual from domestic building and loan associations, substantially...business of which is confined to making loans to members, but die amount excluded from gross income under this paragraph shall not exceed $300 in any taxable... | |
| United States. Board of Tax Appeals - 1929 - 1604 pages
...Revenue Act of 1921, which is controlling for that year, provides in the same numbered section that "domestic building and loan associations substantially...business of which is confined to making loans to members " shall be exempt from taxation. The petitioner claims exemption from all tax liability for said years... | |
| Robert Hiester Montgomery - 1923 - 1760 pages
...made by the Treasury 15 between dividends from building and loan associations under section 231 (4), "substantially all the business of which is confined to making loans to members," and those under section 213 (b-io) which are "operated exclusively for the purpose of making loans to members."... | |
| United States. Congress. House. Committee on Banking and Currency - 1930 - 136 pages
...purposes without profit. That last clause would seem to be easy of definition, but the clause reading "domestic building and loan associations, substantially...of which is confined to making loans to members," is possibly ambiguous and needs some explanation. Now, will you address yourself to those three clauses?... | |
| United States. Internal Revenue Service - 1931 - 502 pages
...BUILDING AND LOAN ASSOCIATIONS. — The amount received by an individual as dividends or interest from domestic building and loan associations, substantially...business of which is confined to making loans to members, but the amount excluded from gross income under this paragraph in any taxable year shall not exceed... | |
| United States. Board of Tax Appeals - 1933 - 1616 pages
...is exempt from taxation under section 231 (4) of the Kevenue Act of 1926, which reads as follows : The following organizations shall be exempt from taxation...banks without capital stock organized and operated for mutual purposes and without profit. Respondent contends that petitioner is not exempt because it is... | |
| United States. Bureau of Internal Revenue - 1933 - 452 pages
...accident, or other benefits to the members of such society, order, or association or their dependents; (4) Domestic building and loan associations substantially...banks without capital stock organized and operated for mutual purposes and without profit; (5) Cemetery companies owned and operated exclusively for the benefit... | |
| United States. Bureau of Internal Revenue - 1934 - 76 pages
...accident, or other benefits to the members of such society, order, or association or their dependents; (4) Domestic building and loan associations substantially...banks without capital stock organized and operated for mutual purposes and without profit; (5) Cemetery companies owned and operated exclusively for the benefit... | |
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