Page:United States Statutes at Large Volume 44 Part 2.djvu/87

. SIXTYJTINTH CONGRESS; =S1¤se.*I.¤'"€é; 27.* 1926. 47 in the cane of forei —‘i1he clistrictin which ,,§,`§’ic{’P“°°*“ °‘ '·ll°  plsceoilbusiness or principal_oiHeeio¤ agency o‘!=d16‘¤0rp0ratl¢m, »ex·,ifrit hesnoqirineipaly plaeeof business or I princilyggodice or nancy in the United States, tlieuéto the collector ‘“B°"‘“‘°‘°·Md‘ as Ba  ‘ orve,e.¤M•ry gl.; .=   » li     —   u ~ ~ i ·   3. -  muscles nretniawcafoouranms 1   " ,   i'I¤‘ ‘Z¥;;"’   '.* Q. I Src. 242. When usedin this+title~·thezterm+‘llifeiinsnwance¤co¤- ,.${,.°2.T"§‘,’§1,‘§,£,§$f$‘“` pany? means an insurance company engaged in the rlmsineiwhof msuingllifeinsurance and &'Bl!HZli@0G1‘§1‘&Ct»S`(lIlCllldiDg’<00liliI8·0bS of oombinbdilife, health, and acci t’»insuran¤e),·thn* reservwfnmds 0t:ivhich~heId for thesffiiliillmenbwf such more than£50 psrcentumiefvitstotal D€$'l'VB`1`IIld8.i· ·:¤w:=%   ‘=;   2   v (1) Inftlg case of a»domestic=h£e msuranee companys; 121,@·per D°“‘°°“°‘“°· eentumzo i ‘netinc0m%;» » · ‘ ~· #‘ l I *  l’*· ei ·_ ·‘ (2) Inltlie case~by=1¤*w*’?»‘includes, inthe servgplundsl roquirretiil case oi  insurance, someaetually   .by·#any·bom- Qyggfjjg? °”°°’”*°“‘ pany onamociation with State or Tenitorial eerie pursuant uelaw as guaranty or reserve f1mds,j‘e¤d~‘a¤yefu1ids»1naiuhai1i4gd»1mde&· the chester or =ar¢.ic1es=of ineerpompiou oi, bbvcempanyor association exclusively for the payment of claims arislng·und“en Yc•1•tilcabeq>of m<;)mbe!·sh1·p*0t Holroiesl issued upon the assemment plixnnandihop gu °g(t.'(,g:gn qt, gpuggj. viii `J *2  ' H·_‘lv ie M " ’~ wr an s ‘· go) is the oaseqof as »iife"insm·anee company ·the1%erm g`§';‘,{§‘g‘;‘§‘,f,;, mm ‘*net income ,:II1b8.!1Bl>Al'l9igl‘0SS imco}ne>_1essa-we         si,-U; ncssinwcme. ·-(1); Themmoont of interest reoeived ‘  rtexablevyur E‘°'“’““‘°’“‘· whic under paragraph ¤(4) otvsubdivlsion (b get eectsion·&18~is_ __ V g exemptrfrem t•xab1on*underthis*¢itlc;v`~* lv · J V  V _»({ (7; ‘   'asl  (B)’·jAn ·“Ill0\1D$»B(Sl;l8l to the_¤esoess,¤i! any,¤ov•r the deduction ,,,’§f;1°;";,,§$,’§m,, Q5 xcecified in¥>aragrap · (1)~o£ this subdivisidn,1 f~  of =•¤¤¤·¤¤· _ ‘n:eeln‘o vibe/reserve i‘unds·~requ&red; b =l•w·a ·held~·at.»the beginning andeendfut the •taxableiyea13lplus‘{in caaeoi lite  eonipanis   ¤po‘1ieies>»·oovea*lng life, healtli, and nemdent  eombinediu onepoliey issued>on*tl16·weeid*y premi1n¤·pty= ment   towlife and   euBi@ to -euLoe‘!1•tio¤)‘·4 Kerweenmm of the mean oflsuehgréerveiunds inn ’ g redvby e w)·¤_beld5atf=the ·begi1ming»Und* out of the _ le ‘ mike  (j6I!II1!&iUDO!f`»’§hdS togbo   the   the bdders  '9;··q‘e,>;>xs[;,·£:=_· ’;Y“ li°::‘ r, T’v`f '/a'i‘;iA» Dividodstm d .i  (®)1 earieung reeelved aedividends·· (A)~from a demeetiesoni wee Jpmeih. °` glliiblli-Qdl€1f,·£l}8»D’8 ieorparation enmled to the tenement shewon gb:§19&2,lot·.·   frbnraty dbneign oer?]oratio¤_w£§m is showin °"l““· 4 e eatisfagtion of the Commissioner at mom ¤·••.1i*·60per een- _ tumsol thmgross imomeot suckjoreign corporation I0l;i¢h€_-t*`k36- I" . year period jending with the c}ose_o its taxable year preceding ‘
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