Page:United States Statutes at Large Volume 40 Part 1.djvu/1657

 cclmw INDEX. War Pr0jitsandExccss Profits Taz, 1918—Con. P¤8¢· [ WarProfits andExce&s Projits Tax, 1918—Con. Page. additional tax on incomes of corporations; invested capital includes intangible propderived from Govemment contracts, l erty paid for stock prior to March 3, or contracts between Apr1l7, 1917, 1917; valuation determined. 1092 gud November 11, 1918, exceeding afberMarc1;.l3, 15:3; limitation ... 1092 0,000 1089 maximum low ..., .,, 1092 computation of rates for 1918; for 1919, borrowed capital not included in `. . . 1092 etc. : .. : .. : ... 1089 inadmigsible assets to be deducted from. 1093 appomonment of mcome attributable 1089 deg;ermm.ution ofggemge 1093 to contracts ... or rewar pen ..., 1093 deductions of excess profits credit .. 1089 assessmgnt of tax on basis of average similar on railroads under Federal control, as of business ... 1093 revenue Act of 1917 1089 when invested capital not determined. . 1093 maximum tax for 1918; for 1919, etc 1089 foreign corporations ,.,,.,,, 1093 apgéliggble to Government, etc., con- 1089 ifmiiiggandiggangble property values 1093 separation oi, if part of inqome fgom upon ap£l1cs,tion to prevent exceptional personal SEYVICG corporsmon; mm1- hip ..,..,...,...,,,_., 1093 mpm, etc .. _ .. _ .- 1089 high cammgs on normal capital not corpomtxggng exemptémm tlus tax; desmg- 1090 mcludid. i ,..,..,, 1093 ns, orgamza ons incomes mm cost- us war contracts if income less than $3,000 .. 1090 excepted ...,,.,,  ,,,,_,,,.,,_ 1093 income from gold mining .. 1090 determination of tax by Commissioner on specific exe?}>tion for less than a year. . 1090 ratio of average similar business 1093 credits algvd E fg! wax pmlits; prewar 1090 method. . . .. 1093 PGD 6 I1 ··... ... . regulations for etermmmg" ave 0 for exemption of $3,000 .. . 1090 ratios. .. . . . .     1 093 ten per cent of dxfference between in- payment of correct tax when ascercome and invested capital of prewar tained ,...,,...,,., 1094 period and taxable year  1090 record of cases under, to be kept; copy if no prewar ca.ipita.l, etc. .. 1090 to Congress. . . .  .. .- . ... 1094 exemption 0 $3,000  .  1090 reorganizationg, etc., after Jan 1, 1911, ten ger cent of invested capital .. 1090 of business, now carried on lyy a. corif not nxodexmtence one year of prewar 1090 plgmtion, deemed in existence prior perl . thereto ... 1094 exemption of $3,000.  1090 net income determined ... 1094 ten per cent of difference between if predecessorapartnership or individual, average income and capital of similar income to be determined as corporabusiness in prewar period and tax- tion ,,_.,,,,,, .,,.,.,...,___,,,_,,, 1094 able year- 1090 before July 1, 1919, if previously a pmtd9t§l'm11m£i0D of average by Commjs- 1090 nerslup mgy pag corporation ta; sxoner. ‘ from Janus 1 1 18, to date thereof. 1094 $911 P6! ¢e¤¢ if ¢01'p0¤\¢i0¤ 110t  Gxilt- recipients to g•y’tax on undistributed ence but controlled by one m busi! pmjtg _______,_________,__________ 1094 MSS dufillg PFGWM P€1‘10d -··--· · -- 1091 not applicable if income less than 20 if fifty per cent of income from Gov- per cent of cagital for the year. 1094 _€!'¤¤1€*¤t» @9-. CODUBCTS ·--·-·--··-- 1091 corporation specml tax to be paid. . . . 1095 fOl`€IgIl c<»r§ora.tions not allowed $3,000 1091 if assets noti:)1§1$1 int/eggeguccapiml, 9XBm 1011 . . . . . etc, to `ug gmmjg- * credits allmged for excess grofnts of $3,000 signer _,_____,,,_ I ,_______  _____,___ 1095 and fight P6? ¢€¤t 0 ¢9·§>`it¤l ··- 1091 value of assets transferred after March 3, foreign ¢<>rp·»r¤¢i<>¤¤ not emit edw $3,000 1917 is control continued. . 1095 _ exemption . 1091 if previous owner not a corsomtion  1095 net inc)ome z;ietXrnsff§>§01)911 and 1912 on 1091 tax n;§1E;g]·¤g f?-fiam;] ywen ingi¤1913_  asxso c 0  ...- cr 1 orreun orexcess entsdeductions allowed  . .. 1091 for fiscal year ending in 1919lk?¥T. . 1096 for 1913, on basis of Act of 1913  1091 by partnerships, etc., for fiscal year enddeducrivus allowed .·--..--.-.--.·...- 1091 mg in 1918, for mx due in 1917 . 1096 for taxable ymr on basis of this Act. -. 1091 beginning after Ja_mm;—y 1, 1918, to be determination of prewar income ,,_,_,,_ 1091 refunded _ __________ _ ___________,_ 1096 items includedin invested cppital .~.. 1091 returns requixed {mm all corpomtions not rnraragrrlilzpgegegtii ta-ngnble property; 1091 { deixempted ... 11. . H. 1332 v 0 € -·-  -···-- 2 con ’tions, etc., a 'ca e inadrnireible ¤—*¤¤¢¤; Sources of meeme limitation of mx on Salim of mines, em  1096 excluded from ·--·---—-·-··-···--·· 1092 I questions relating to to be submitted to admissible Meets- ·--..-.-.· - -···--·--· 1092 r Advisory Tax Board ... 1141 value rg stock_L<;&1ed at nominal value, 090 i Wa,. Profits Tues, etc., erermm. 1 .. · · ·, invested capital includes, cash paid for ¥ pmceeg;:u0m’ may  (levslted m bauLE’ 966 stock ...-·..-.-».. 1092 [ W R   '° '}b}.,' ``'`````‘`'`°°` value oi other tangible property  1092 , ‘"' www ° * °-f " if in excess of par value, treated as I ECON! TAX paid in surglus .,.. 1092 A additional normal ta; on net incomes record to be eps, eu}, of such prop· 1 0 ‘ 3;t_1zex§50;3zes1denm .. . .. 300 erty; cm y. etc,. to nngress. . .,.. . 09.. ‘ ex mg . .  . .,.. 301 previous undlvided profits, etc . 1092 assessment, payment, etc:  301