Page:United States Statutes at Large Volume 36 Part 1.djvu/138

 114 SIXTY—FIRST coNGRnss. sm. 1. cn. 6. 1909. year on licy and annuity contracts and the net addition, if ang, ed{’,‘e*g°’* °¤ *¤"°b" required by law to be made withm the year to reserve funds; (thir ) interest actually paid within the (year on its bonded or other indebtedness to an amount of such bonde and other indebtedness, not exceed- Limit. ing the proportion of its paid—up capital stoclc outstanding at the close of the year which the (gross amount of its income for_ the gear from business transacted an ca ital invested witlnn the United tates and any of its Territories,'AlasIi;a, and the District of Columbia bears to the gross amount of its income derived from all sources within and $,},;**1 in U¤“°° without the United States; (fourth) the sums kpaid by it within the year for taxes imposed under the authority of the United States or of njviaeuawnnocx any State or Territory thereof; (fifth) al amounts received by_1t '“°’°°"° °“‘ within the year as dividends upon stock of other corporations, jomt . stock companies or associations, and insurance companies, subject to “¤*;e”°c§;’;:;,esf¤”“” the tax hereby imposed, In the case of assessment insurance com- ·panies the actual eposit of sums with State or Territorial officers, pursuant to law, as additions to guaranty or reserve funds shall be ‘ treated as being a ments required by law to reserve funds. Further de<1¤c¤¤>¤· Third.- There slihll be deducted from the amount of the net income of each of such corporations, joint stock companies or associations, - · or insurance. companies, ascertained as provided in the foregoing ¤¤¤¤1>¤i•¤c¤¤!¤¤- parailalphs of this section, the sum of five thousand dollars, an sai tax s be computed upon the remainder of said net income of such corporation, joint stock company or association, or insurance company, for the fyear ending December thirty-first, nineteen hundred q,g,'§,",',{,,{,°‘,°;'{,',P,,_’°‘ and nine, and or each calendar year therea ter; and on or before the first day of March, nineteen hundred and ten, and the first day of March in each year thereafter, a true and accurate return under oath or affirmation of its president, vice-president, or other principal officer, and its treasurer or assistant treasurer, shall be made by each of the corporations, joint stock companies or associations, and insurance companies, subject to the tax imposed by this section, to the collector of intemal revenue for the district in which such corporation, joint stock company or association, or insurance company, has its principal place of business, or, in the case of a corporation, joint stock com any or association, or insurance company, organized under the iaws of a foreigpl count, in the place where its principal ’°““’*°°°‘°”°* business is carried on wit `n the lihited States, in such form as the Commissioner of Internal Revenue, with the a proval of the Secre- ,,f,?§{.E‘§ "°°" "“" tary of the Treasury, shall prescribe, setting fhrth, (inst) the tem] amount of the paid-up capital stock of such corporation, `oint stock company or association, or insurance confpany, outstanding at the ¤¤¤¢*>¢¢¤¤¢=¤· close of the year; (second) the total amoimt of the bonded and other indebtedness of such corporation, joint stock company or association, G¤’¤¤·*¤¤¤¤¤¤- or insurance company at the close of the year; (third) the gross amount of the income of such corporation, joint stock company or _ association, or insurance company, received dining such year from F***‘°*¤¤ ¤<>¤¤¤¤¤*°¤- all sources, and if organized imder the laws of a foreign country the gross amount of its income received within the ear from business · transacted and capital invested within the United, States and any of _,0‘;§,‘{_§;});¢e*j§j0 tfggfn its Territories, Alaska, and the District of Columbia; also the amount received by such corporation, joint stock com any or association or insurance company, within the year by way of) dividends upon stbck of other corporations, joint stock companies or associations, or insurance companies, subject to the tax imposed by this section· OF"”°“'*8°*P°¤”’* (fourth) the total amount of all the ordinary and necessary expenses actually paid out of earnings in the maintenance and operation of the business and properties of such corporation, joint stock company or association, or insurance company, within the year, stating se arately all charges such as rentals or franchise payments required to be made