Page:United States Statutes at Large Volume 44 Part 2.djvu/90

 50 SIXTY—NINTH CONGRESS. Sass. I. Gu. 27. 1926. i$°;¢°°¤ie¤ me llil Bad debts in the nature of agency balances and bills receiv· ( able  to be worthless and charged oil within the taxable nxvmesaszmm me     mceived as dividends fromcorporations as pro- p°”“°°°' i, vided in ara h (6) of subdivision (a) of sec·tion<234;  mop: interest.   Si)sTi£;igmgdu“i;)t ei interest eamédldurmg the taxable year which un jiptraugraplr (4) ofsubdivisione (b,) of section 213 is exempt  taxationeunglerz this title; and the amount ofeintcrest; allowed as Emma t cl eforedxtunder section 236;~   r - 0 _ e ( ,,,,,,,,,,,,_ “· ° °‘·  (8) A reasonable allowanceefor theexhausticn, wear and tear of, _. property, as provided in paragraph (7) of subdivision (a) of sec- s · m mia  9)~Iu the case of such a domestic insurance com any the net °° g:g§“°°£‘?°°" indome of which (computed withoutthe benefit of thg paiagraph) i is*$B54l00;or lem, the siimrof $2,000g but if the net income IS more tHan·$25,000 theltair imposed by section 248 shallnot exceed the tax r which would be epayable if the $2,000 credit were allowed, plus the amount of the n income in exam of $2Q,000. _ ( » ¥)0:,1;%¤c?{g.¥i??; fb) chime cgxiof { {0y€,;§;;(00ppqrgtion the deductions allowed ummamemxm. irathig section   be allow ` to the extent provided in subdivision - l o section .( ( ‘ (` ( (, M ¤¤¤¤*¤¤¤¤¤— ( (e), Nothinglin this section or in section 246 shall be construed to permit the (same item to be twice deducted. T "$g1L¤*¤¤¤¤r§tiv¤ we- `   “ “ PART IV.+·.AllMINIB1'RA:1`IVE Pnovrsxous , Dividend peymeme. ” e ( mrrmms or rstnrmvrs or nivimzmis "‘ r 0 ¤ ¤ ’  ·ll' ( "f8l>l011   `ect   the lis! imposed b this Elm §‘°°M`l0”°?“'l’g title  by th:) Commissioner; rendeg adcllrrect return (dir evesseaeunaee oatli of its a entso `divi en' s stat· . ~ ing gléebname and 3d(i1‘8S8, of eachfsgamfogggr, tlggumber of shares own · (yvhim, an rt 'cfamount o  en s pai hun. ( emma. · r    r ~ its-roars or(m:omsx:s( ·, or ( bufgig r¤3;ru¤;é&§0¤;:·} WSE}:. %5, Everggperson doing business as {broker shall, when c wetness by, i*e¢§nred r by the _ mmissioner, render ga correct return duly _ve_riiied un er oath, uhdergsuch rules and regulations as the Commissioner, with the approval  the Secretary, may prescribe, showing the mimee. eilor ( whomh8suclhd§ersi>n;Sl:!asr traniacted fany rbusis néss"wi ` (ch (_a sastot Q  ts` o (s or ot"erin orniation e whiclh  Gomuiiwbner may ieexguire, ei; toredch er such customers, as;will,e1iable"tlie (Com fssxoner todctermine whetiierl all income st   ·' leijlj x   r_,`,,.;&Ix»·4v i U    ,, . V y_ · iii, ,iE*{,~ e =”» . <i%¤¢¤·, ¢h¤   ¤r 9¥¤gg°Z€?§e9f. the  - sa $9%*88 vliig iiiforni on Bello saith ·p¤ym ts and requ1redto_ma1re returns in re rd thereto by the regulations hereinafter} provided for, shall renar a true an accurate returnto the Oommz: zoner,
 * °°*"¤- 4 Losses incurred**i*“*I r e ( e
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