Page:United States Statutes at Large Volume 44 Part 1.djvu/2007

 TITLE 26:-—·INTE1i shall be swém to W ‘ th? @id@%, Vive pmidwt, or other ° ypmdpal ¤®car {pdb! €h&.t1'G¢B¥!!'8f‘ assismxit   4 If my sm-eign corpnmticn has nc omse cr plaée git bmtnm Fm, 1 me umm scam max has an. amt in tha U¤_·a states, me 4 return shall- be made by the émt. In cams where -1·¤ceivers, : uusmw in ba¤h·u¤¥¤Y. or  are operadng the prbperty· • gr busiuws of c0i—pci·aH0¤s, 'sujch receivers,. trustees, or asw A signém    returns `1*o1·` suéh mnrpomtipus in the same igmzher and {wm as qprpcuticus are required gdmake returns, • Any mx due on the basis· of »suc5 ;·etur11s·ma8e by receiveis, 1 tmstcés, of amgnéa shall be" collected `in the- same mam1er _• °gs if mllected tréni tbcbcrporations of-wh0s¢_bnisiness ox; prop; < erizy they have custody mid (!0Bt.1’0I.‘·__ " ‘ 4 f i é (b) Betufus madé under ·thi§°scct£dn· shall be subject to. the = pmvisicms of secwun  Iu°·the case ot a returixlmadé for 21 = {m<:ti¤¤al‘ but of a year, gxcept- n ·ret¤m` made tindex- subdi- 1 visitm (a.) of 'secticn 28, {the ·cradit prcvidéd ir; subdfvisiqn (b) ct section 236 shall be reduced to pn a.mou¤£_which_bears -Z thé same tatic to thetull credit_t1;ergi¤ —px·oyided asthe number. 1 cf mantpa in the pcri0d;fci· ·w1iich thé return is mgde beats to “ twelve months. } — V ‘   iw _ 4 _, ` (c) There   be included in the return or appended thereto wi a stateréent ct such facts as will exiable thé commissioner Lo . 1 determine the pqrticu of the paruings ori-pfo§ts dt the cprborw ' tiim (including gains, ;;1·0§ts and income nat taxed) `accumu- ‘ lated duri§g-the taXa.b1¢`Y¢}¤1‘ for which. the xjetum is made, 1 which have been distributed `or ntdcred to be distributed, re- { wtively, to itishayehqldexja diniring such year; _ (Feb. 26,1926, ' e.2?,§_2@;`44 St,at.4§.)    _   ‘  I ' See mts at beglnnfng of this chgptegv, _ _ ‘ t "f1‘his titl¢,"_huci¤ re fermd`t0, constitutes c, 19 of this supple-_ ·‘ mental title. Bectlcns 226 aryl 236 mentioned in the téxt are sgt out in if 963  9&, rwpectiycly, of thi; Iupplemmtsl title. 992. Sims} time for m•ki¤$;`t0`_whom m•d¢.—e—-(a) ·Retums~ or coriacrutious wml.! bc.mda1at.tbc same time hs is provided in s m vmaa (sn) 01 soctiw, 227, excepbtpat i¤ ._t11e camyot tcreim  'mt having my wi   or place pi business V ._ ig the United gtntm isemrm wil be mgde at the same time as  in section 227 in the case at { mmmsident; alien; indiviénai; ·, Q »    ‘ * Q   _· 2. t »(b)} Rétums shall be msdn to the cclléctcr of the distri¢t_I11 · S will is lowwd Ec   place ot busiumhr principal? I amce qa- ggeucy oi the corporation, 017, it it hn; no prindpal {place at  mt U  ~ =· ¢>  umm br agency in the United _! ‘ Stateg,  to t11e `c¤l1écto1·‘a.t Baliimpre, Maryland. (Feb. 28; 1926, é. 27,] 2él, 44 Stat:46.) ·_   I See mm at bmquinr ol `thig éhapter. . f E M   xx 227, ‘mmt1¢¤©d In the- text, .1: set out in ·§ 967 of this sgp;.>£gme¤ta}‘t1tle. _. ‘ ‘ M ` ” 993·»  cqrpontians; mparqte at conmzlidatw ré·· ‘ £¤rn s;~—~fm·¢i¤ nt§ms,·———·-(3)  Cprpm·at;ions whiich gm emit- "t utseq withia   ·   at tbid sectinm my, for my tuable a year, ?mak¤ mutate   #qr, mxdet regulations pmscribéd _.¤ by the     me approval at th? Secretary, make 11 al mnwlidpted mmm _¤f mt mcqme {mi thé purpose ot ‘ phis I = title, in svhich   the taxa thergmder   computed and p  dctérmmeq gmx the   m;¢h.m;·am:¤. It retu1.*nis..made_0n Q either of such   M  all retuma tbemtte: made shall be upon the-      is ummm permissiar tb. cgga the basis. is granted _ by the mmmimcuu.   C ° V. ‘· " _ ‘ (b). In my M wh1ch’ A tax is   the basis of a mnspylidawd mmm, tha total ¢¤·m1r1>q mmputgd in the  & ( mst; iustgméns a unit       upon the ii 3 1# tiV`é eémiatad cazpcmtiam in md: prépqrtimss as may be ts ~ azreed umn among them ca-, in tm abéwea at   such  `ment, then an the   M    s ot the mt maémg properly assi  ahlé" il to meh; Them @@1 he éiiaivgd in   mfixxcgme tax R only one       mc   computed hs provided in subdivislgm (b) L? ct·secti<m%6. AM " *"»¤ Q


 * N4_L REVENUE §1003

{Q) For. tlte purpose of this section; two ér, n;mrc'q1¢»m<·siic ‘ T °°?P°?¤€iQ¤S @¤1I be deemaéd to be amliated (1) it one corpm·a— tipu owns at least 95 per ccntum of the yotixgg stock ot the " ¤th€f_01‘ .9th€1‘S, 0!f-_.(2) if qt least Q5 perlcemtum I0! the votingstock of two or nidre c0i·p0x:gti$¤s is owned by the Same interagts. TM5 subdivision shall be applicable to the determination ufpdiliatiou forithe taxable yem·_1925. · Z - " » é · 2 (d)` For the D¤1‘p0§é of tht$· section two 02 mcré Bmxxestic ¤orporati01;s.sh&ll‘be deemed to be a®1iated (I) if cm corporabiotx, OVKDS at least 95_pe;· ccntum of the Stock of the o—the1· or ”<;·ther*s,-or (2)} it qt least 95 percentum off the st0<:k—of tivoot- `more- corporationslis owned by_ thé same int:érmts.‘ As trséd in this subdivisi0·n the tctm " stqck " docs not include mmvbtigg stock wpich is limited and preferred as to xdivide¤ds.' This _ supdivisiou Shall be applicable to the dctermingtién qt affiliation for thejtaxable year  1md;e3ch`taxable~i_,,ye&r thereafter. ‘(e) A 00l'Q0f§ti6l1‘dPg&HiS€d gnde·r° the Chi-im Tfudé Act, 1922, shallfuot be `degmcgl td m· amliated with’a12yfétt1;er’_c0rz D0mtl·•a`wtthin the meaning of thig geqtiqn, _    -_ ;. ·‘(§)  any casa ot twb or mom related trades at bxtsinesses (wltether tmiucprpémted or kncotporated arid whether organized A, ip the -UBit¢d States or nat) owned _ 01*;.* controlled directly- 'or indirectly by the same. interests, the énmmisaioéer may and at - the request of the iaxpayér shall, if nec·e$®ry;n.0»rder itc make an acenrgte distributimf or apporttemmem; of yihs, profits, income, deductions, 0: capita.! bétiveeni on among such réhtted ‘ trades `0x·‘ businawes, consolidate the accounts jot such! réiatcd xades or btmnesses; - - ·" y ‘ »_\· 2 (g) For, theipzirgioses ofJthis"sec1;i0n 3 c0t·p0;·ation·enfftlegl
 * 0 the bguelits of section 262 shall be freatéd as af foreign

30l`[)01’8Ii0H.— (Feb, 26,*1926,. c, 27,3 246, 44 Stat. 46,) " ` _  sate ¤t.begimx1ng·a§ this ch&§te¤. ·_ · _ ` ‘f‘ Tltis tttle,"A harem rgfermd -1:0, gmstitutes c.`19 of this supgle- Eh mental title. Cguxm ft‘mde»,Acc,’ 1922, Wmenmmed in mg text, `constitutes c. 4 of Title 15,.‘CO&ikItEB(E·ANI?· TRADE. ·Sectiqns 236" and 262 I!1€1IYi0D€d.ifl the text, arg mt gut-ip ii 288 and 1630, respectively, otVtms.aupp1ex¤e5¤ta1 title. _ 1 _ {  ·, QNSUBANCE QOMPANIES  1001. Same; taxes, imma! in lieu af other taxés;··-In lieu of he tux imposed by section %0,“» there shall be levied, coliebted, md paid for each taxable year upon `thé net income; of every ite insurance company g tm: as fgmows: —   ·~ t (1) Ixi thé case. ot a gicmestic life insurhuce company, _12E,§ néxucentumt ut its mt mcémes · .   L 2 “ · , (2) Ib the casa cfs {amiga life insurance, company, 12% ne; centum of- its mt income from sodrm witpin tha, United E itutéq. (Feb. 26,19%, c. 27, § 243, 44 Stat. 47.) b J 2* _   new nt beginmxzg ct this antnqter. * · » _ , , h Secti0u_23»0 is sattout in $,281 otthis sztppiemental tide. _, “ ' 4962. Lite insurance ccmpanies; d¢§::iti¤n af.-1-·W’het1 used in hié titlé the" tem; “Lifg insurance campgny " mms an insurma cémpzmy eugagea ih the   ot iwuing kite iqggmnce md annuity? contracts (including coatmcts of mmbised life, nealfh, éad accidént insurance), the reserve funds ct which held. or the `fuldllment. qt. suéht cqntnygeta comprise; more than 50 ` per cenmm M its tétat mane funds! (Feb. 26, 19%, c. 27, 242,-44 Stat. 47.) ‘ ‘· —“ _ ‘ at ‘· · A Sec mts at tzéginning of this chapter. _ . "'I‘h1¤ title," harem refermd $,0,,, cmxstitutes c. 19`cf mis _§upp,1c— . §enta1 tmc. t _ ‘``_ t " 1Q03. Same; grmsincgme; reserve fund reqiniretl by lnw.—-·i- a.) ilu the case at a lifainsurmcc cémpany the ·term2 "g1-ass 1mme_"‘meaxxs the gram amou¤t~¢>tt_jnmme received during the nxahle year   interest, éividem1s,T and _»wm:s.‘ ·~ * _ t 2 (B}. The term “ reserve timds required by law ” includes, 1 the cam of amazement »ius¤rénce,‘ sums acttlglly despbsited y guy compmxybr pswciatiozz with Stn fear Te·x·rito_ria1·0&éers ui*sum;at;~ td-law as guamxify or reserte funds, audjany fmids - · -5 néihtained made}: the charter or: artielgs at incorporation of