Page:United States Statutes at Large Volume 44 Part 1.djvu/847

 833 TITLE 86.--1HT mg pycpppty thm·ei¤,_0r"t0 do any other act. tending to prcjudfm {gy fg render wlmlly or partly in@¤’ectual proceedings to collgc mv mx for the Ktaxéble year tlgen last past or the taxable ye:-11 sims mrmnt unless such proceedings be brought withoqt delay zéw mid commissioner sha1l.d€g·I:1rc the taxablepcriod for suc] m.x;>: :ym·· imnzgxliaioly terminated mm sha11.·cause»·n0ti¢:e of suc! imiing and declaration to be given the taxpayer, togethenf wit} ar dzwmul for imgaediaté paymém: of the tax for the taxable gwiigii so dcélared mrmixxutedgxnd of the tax, for the prcccdiu; izmmle year or sq much .0f_ such tax as is unpaid, whether 0; ms me time otherwise Allowed by law for Hling‘retur11_aud pay im: r3¤ ·‘t:1x has expired; and.such taxes shall thereupon bg Wéno immediately due and ·payable._ In any pfocgeegiing ix; cour m·{mght‘ to enfwrcc payment of t:;xes·‘ made 'dua and payable b; xirmc of me pmvisims of this section the finding of the·c0m missimwr, made as hefcixiprcvicletl, whether made aftgjfjioticq gw me taxpayer or uotj shall jbé fdr all purposcé presumptive . xm A taxpayer whois not in defmilt in making any refuri m ;myiiag im:<>1ue, wm··pmiits, or. excess-pr0Hts` tux under an; ‘ mt at Cang§·<·ss_nmy fugnish to the United States, under regu izztimss to-be prescribed by the P COHlI!1iSSi0H€]‘ dt Imemzal Rave mag, with the approval of the Secretary of the '1‘reasm·y,_·se . ¢=u:·ity approved by the commissioner- that he w,ill duly `makfthe return zzextt thereafter-req11ire¢l` to be I1led.ar;d pay the ta: zwsii thereafter .rcqui‘rcd t0`be paid} The ‘c0mmission¢·r mh; gggzprme au<fa<·e·cpf in like manner s rity for return and phy iiévnt; of taxes madé due and payable virtue of the provision lm` this section, providgd._tlic taxpayer hs paid in full ull othé; i;¤··mw;,·, war—pr0tits, or excess-profits t cs du from him unde any Act of Cdngress. , - U 2 ` (o) H security is approved and avceptcd pursuant to th· }*i'fi¥YiSi¢)!}8. ci this se—uti<m and smfh further or other securit; wixh raspeét to the mx `oxrtaxes covéred theyeby is` given a the ccmmisslcxéct shall from time to time End ·neccésa,ry am mguiré, payment of suc}: tqxes shall not be enforced by maj kw prfweedings unda: the) provisions -0f tlgis secticn pr ip1j»tp »fh· xexpimtism of the Qtime ·otherwi& allowed for paying such re .¤p{·<*tive taxes. _ _ ‘ .  ..  —` A Kd) In the case of a citimxr of the United Statesabout ¢t· dcqmrt from the United ·State.s the commissioner muy, a€_ hi dismeticazs, wsjvé any or all mf the requirements Iilaced on thtzuqmyer by this's¤ecti<m.“ . I `· _ “I (ei Nc a1ic;; gha!l· depart from the Unitecl States zmlegs 11 tirét pwcuvgxtrcm me ccilector or ngautv in charge n ·certi¤catmat he has complied with hl! the chligmicng imvfsosed upon bin by thefixzcbmc, was-pfmm, and excess·p;·¢mts- tax laws. _. · .( f) If a. taxpayer violates or attémpts to violate {his sectimé ther shall, in addition to ai! iother penalties, be added as pat nf  tax;25 pe1·,ce11t§m_ of 'ttie mm! nmmmt ctfthe tax 0 siehcieaxcy in ‘ thé tax, together with, interest gt the rate of T Q wr cczétum a month  the   the tax became due. ·(`J?mi 2, 1924, p. m., c. R4;}. 2§2, 6 8t4`t..S92§) - é _ 1967. Revgmie Act of 1917;    ~  ed rgturm nf net in came am     _` of 1§liat& ¢¥9mcstic `mrpbraticu and part¤gxsh§gs,—···-ia} Title _II of the Revenue Act ht 191* (`0ct h= #r 3, 1917, chapte;j*%, Foriziéth $fa§ufes, page 3®`), sha} . i bc  to   the mms theréin `mmtixmed up0n’thbasis at cmmaiidatéd refums of net magma ang invested capita 2 ia: fha mm at domestic icqmmtixzms gud mi   ic partmmhip that were amand daring the calmdnr may ;9f!7. ‘ V · I .(b) Far the    :    at Quia. section, a c¤rmrat1cn.c¤· part ncrship  a$li;atcd with dm aw     or pdr! mr$&$p§· (1)  meh mrwmttm Nc; mrtucmhiy éyvuzd di  or mmtmiled ihwhgh closely émiated i¤te¤regts_m· by a  as   all cr ~ mhétastmlly allhthe stack at m _Q wither or   or (2) when   stl   of "  of
 * ·;~i¤l¤·m·e of thé tz1xp.:1yer`s design. _ 2 · ` · _

ERNAL REVENUE-  1068 e .0r mere·c0rp0mtlens or the busieea of twe er more partnert rshlpe was owned by the same interests: Provided, That. esuch r corporations er pertnerships were engaged. in the same er a ·, closely, related business, er one corporation or partnership
 * 1 bought _ from or sold to another eeorpemtien er partnership

1 products er services at prices. above er below the current market, 1 thus eiecting err artideiel distribution ei predte, er one cere poration er partnership in any why ee errenged its ilneencial g relationships with another corporation or pertnerehip aé te r assign) to it a disproportionate shéreef net inceme or invested ·- cepitgl.  ;For the purposes of this sectien, public service cere- ». porations which (1). were cpereted.indepeude¤t1Y. (2)‘ were eel: t physically connected or merged, and (3) did net receive special y permission tou mhkei a consolidated return, shell net. be eee- ,- `strued to- have been aEliated~; but 8. railroad er other public 9 utility which was owned by an industrial corporation and was 5 `opereted as a plant facility er ae/en integral part of e peep . organization of edllieted corporations which eere required te g ille e· consolidated return shall be Jsenstmed te have been y &Hll_lHl3€d.. 2 - Q, ° Q . _ 1- (0) The `provlsions of this section are declaratory of the e- provisions cf, said.Title‘ II of the ,Revenne° Acbef 1917; (Nev. e- 23, 1921,.1:. 136, `§ 1331, 42 Stat.,319`) _ ` e -1068. Tux en personal éerviie eetperatiexw where sections x` of prior lew imposing taxes. decleredievalidg retmne; claims y for credit or refund of taxm paid; a ment  cellectieh s Revenue Act et 1918 or subdivision (d) of section 218 et the 1- 1{evenue Act, of 1921 is by dual adjudication declared invalid, rl there shall, in addition te all ether—t§`xe~.s, ‘be’Ievled,_ee11eeted, . and paid on the lnet income (es dedned in sectiee E2 et the e Revenue Act of 1921) received during the calendar years 1918, y` .1919, 1920, end 1921 by fevery personal service corporation s (as deilned in section 200 of the Revenue Act et 1921) included I within the provisions df such subdivisions & tex equal to the y taxes lmpesed by Titles II and III 01 the Revenue Act of 1918, e _ and ln · the case of! income received during the calender y&r e- 1921 by, Titles II and 'III ef- the ”Revet.¤.e Act of 1921. ` V fb) In such event every snch  @lee,eerperetie¤ 0· ° shell, on er before the‘ 15th dey of the sixth month fellegwieg s‘ the dzite of entry of decree upon such dual edjndlcetiee, make e e return or any income receieed during eew of the celeeder years 1918, 1919, 1920, and lml in the manner  hy e the Revenue Act ot 1918 (er in the manner  rihed by the e Revenue Act; ets 1%1 in the ceee et income received derleg n` the calender year 1921). Buch return ehell bemede sed the 9 net iiiacenne shall be cempeted eu the &&s_et the tnxxmyefe n, emma} accemmngperlcdl (decal year er calender year, ee the t_ case may pe) in the manner provided, fer other cerpemtieee r under the Revenue`Acts et 1918 ind 1921. - l 1* ·(c) It either eubdlvisieh (e) et `mtuion 218 ee the Reeeeué e Act of 191.8 ereubdivlsien (Q') of section. 218 et the Revenue Act of ,1921 is ee declared ln _, claims fer` credit or refund ,- `cf texeepeid under with such seetiene shall be allewed, if mede s within? the, time provided `ikl 8\il)diYfi$&fl ·(t) et this eectiee. 7 — . (d) In case the claims for credit. er refund, nled within six [1 months. {mm such date of entry of decree, represent less then e» w per centnm et the €}E}t8bl.IldiB§-A stmrk er. ehhrm Bin the cer- .l` poration, the 8.Rl(l\1flt»0E`€8.R&8 impmed by this eeetien npen e eueh eerperetieh `ehall be reduced ·te that prepertien thereof which the number of stock er ehares eewned by the ehere—
 * — —0f tax.—(a) It either subdivision (.e) eteectien 218 of the
 * l heldere er lI)€iI1b€1‘$`IIEl&E_lBg such. claims heave to the tetel
 * ·- number` of eteck er shares ‘.GI}tSt§R€HB§. _ s j '

l-· ”` (e) The tex  by thie._eeétie n shall be :1;.;  cela lected, and paid upon the mmehesie, in the Fume manner, end e subject to the same pmvlelens et law, _ including penhlties, as e_ the taxes irhpeeed by  230 and 391 Ref the Revenue Act