Page:United States Statutes at Large Volume 38 Part 1.djvu/195

 176 SIXTY-THIRD CONGRESSL Sms. I. C11. 16. 1913. ¤'°°*¤ *¤·°°¤· laws f a foreign country all losses actually sustained by it during me the ygar in business conducted by it within the United States, not compensated by insurance or otherwise, stating separately any ,,g?“""°° °°"°” amonmts allowed for depreciation of property, and in case of insurance companies the net addition, if any, required b& law to be made wggm tthlglyeg to reserve fungi: and ghe sums o er than dgyidends Mum;] sm msu;. . wi - 0 y88.1‘ 011 P0 · y 811 8HD\1.iliy 00l1l5l‘8.CtSZ T - to make premium de `ts to rovide for losses anil ex enses shall . Pm P P not return as mcome any poruon of the premium deposits returned to thegrd p’olipghol¢gp§s, l;Ht gall return as taxalile income allélncome receiv y em m o erso us u rtionso mium deposits as are retained byulihigscidmpdnimllbr purposes ibtgiigr Mum, mm m_ than_the payment of losses and expenses and reinsurance reserves: sunmeccmpann.  fadher, That fmutual marme msurance companiesedshall mcu ein eir retmno gross income oss 'ums ll t nd received by them less amounts plaid E1; reiinlsculiuance, clgutwshallabe. gtitlil gp psclude in deductiops m gross income amounts repaid cyoersonaccounto emi 'usl 'db andminterest upon such aiiiiountlsmhegwgii) the  thereof and e payment thereof and life insurance companies shall not ingltpdpo as income     pigrtion oghaargrlactual premium receiv m any m c o been sid blaclgcgr cgeqited to suck;   igolgclyligldeg §·ati·:>ated ag an aa enopremmmos mvu `thiuch ¤:ii°t°°°° °° d°bt°’ year; (sixth) the amoimt of interest accrupgdlcgnd) piiiilwviithinsuthe year on its bonded or other indebtedness not exceeding one·half of the sum of its interest bearing indebtedness and its pa1d·up capital stock, outstanding at_the_close of the year, or if no capital stock, the amount of interest paid withm the year on an amount of indebtedness gat; ergqeetillgng the angoimtilpf capital er¢§>£p-yecggéhe business at the ( e year,an m ecaseoa °1;‘ megan mpm. trust company, stating separately all interest paidn§y8sii0;=viiiihh(ii1,tl(i:f · year on depos1ts ; or in case of a corporation, joint-stock company or association, or upurance company, or anized under the laws of a foreign country, mterest so a1d on its ionded or other indebtedness to an amount of such bonded or other indebtedneu not exceeding thwaroportionpf its paid—up capital stock outstandix§ at the close o e year, or if no capital stock, the amount of capit employed in the busmess at the close of the year, which the gross amount of its mgiliple tlipg tydeaiétfrpm busmeaz ttgansacted and capgtal invested _ a es e gross t ' ,,,m__ derived from all sources within and withou·liIxl(i1\•i»nU(1iit:ntdd’ 1Sl‘hl;I:s(i (seventh) the amount paid by it within the year for taxes undfidthle authority of the United States and separately the amount Net ,mm__ so p y it for taxes imposed by the Government of any foreign country; (eighth) the net mcome of such corporation, jointsstock &§$,m,,°C°m_ asusociatipn, for ms1tu];ancee(:omJp-aiuy, after making the · _ is su sec ion au omz . such returns shall as received be transmitted f rth `th b th 1 ‘ N H sioner of Internal Revenu; W1 y 9 C0 loctor to the Commis- ,, ,§f""‘°"° swig zsglelssxigstscgrhdl be iangzeilg, aprddthe several corporation:l,l£>1inbt- . °SS°° _ msurance com gogitieddpipglh; amount for which they are respectivgym lifble on oi? ’»sa»a’““°· M ¤{23€°Sni’1 be paiflfif £i§‘“t2f3L°‘{£h EEE-°5“dI'?i "°“? md "’“*" ,,,”°°“‘,.,M _ e 19 · · Nr C-l`h¤t every wrporation, joint-stock companyiyoii gsgggiadzn, and insurance company, computing taxes upon the income of the fiscal year which lt may designate m the manner hereinbefore provided shall pay the taxes due under its assessment within one hundred and twenty days after the date upon which it is required to iile its list or
 * ¤°° °mP•¤*¤¤· iisrther, That mutual iire insurance companies req ° their members