Page:United States Statutes at Large Volume 54 Part 1.djvu/1380

 INDEX Page Revenue Act of 1940- 516 Aliens, nonresident, tax on -- 518 Corporation tax 517 Defense tax- 520, 974 Admissions 523 Automobiles, credits on tax on-- 526 Capital stock 521 Cigarettes 524 Distilled spirits --- 524 Estate --- 521 Excess-profits --- - 521 Excises-- 522 Fermented malt liquors --- 525 Gift -- 521 Income 520 Personal holding companies- 521 Playing cards 526 Transfers to avoid income tax -- 522 Wines, liqueurs, etc--- 525 Witholding of tax at source, rates -- 520 Income tax, returns-- 519 Liberty Bond Act, Second, amendment- 526 National defense, issuance of additional obligations to provide funds for, authorized-- 52C Personal exemption from taxation- 519 Public Salary Tax Act of 1939, amend- ment--- 527 Surtax on individuals 51f Taxable years to which applicable -- - - 52( Treaty obligations, provisions of act not applicable if contrary to-- 52( Withholdingtof tax at source- 51! Revenue Act of 1940, Second - 97O Abatement, credit, and refund of taxes- 10 Amortization deduction -- 991 Corporation income tax-- 97' Defense tax - 97, Emergency facilities, amortization of - - 99! Excess-profits tax- Declared value 00: Publicity of returns--- 100 Excess Profits Tax Act of 1940--- 97 Assets, admissible and inadmissible- 98 Average base period net income - - - 99 Borrowed capital, determination of- 99 Capital, adjustment of abnormalities in, by Commissioner--- 98 Consolidated returns--- 98 Definitions 989, 991, 99 Equity invested capital in special cases- 9E Excess profits credit- Allowance --- 97 Based on income 92 Based on invested capital 9t Excess profits net income --- 9 Exempt corporations 9 Foreign corporations, exclusion from certain provision 9 Revenue Act of 1940, Second-Continued. Page Excess Profits Tax Act of 1940-Con. Highest bracket amount, computation of 995 Imposition of tax-- 975 Income, abnormalities in, in taxable period .-- 986 Income and capital, adjustment of abnormalities in, by Commis- sioner --- 986 Income credit, election of--- 992 Invested capital- Average 982 Borrowed - 984 Daily 982 Definition of--- 982 Determination of 987 Equity -- 982 Laws applicable--- 989 Merchant Marine Act, 1936, corpora- tions completing contracts under- 988 Net capital changes 994 Personal service corporations-- - 987 Stock, property paid in for, determina- tion of --- 995 Strategic metals, corporations en- gaged in mining of --- 990 Income tax- 7 Amortization deduction- Allowance of - 998 0 Computation of--998 Constructive dividends, statute of 0 limitations in case of -- 1007 9 Corporations, earnings and profits of- 1004 Declared value excess-profits tax 1008 8 Personal service corporations, tax of 3 shareholders of--- 1005 I Applicability of provisions 1005 4 Corporation income taked to share- 9 holders- 1006 Definitions 1005 8 Foreign corporations- 1007 8 Credit of, of 'tax as share- 5 holders-- 1007 5 Nonresident alien individuals 1007 2 Credit of, of tax as shareholder-- 1007 5 Shareholder's tax paid by corpora- tion--- 1007 36 Returns, publicity of--- 1008 39 Merchant Marine Act, 1936, suspension 14 of profit-limiting provisions of, as 36 to certain subcontracts 1003 Miscellaneous taxes, limitation on 79 assessment and collection 1008 80 National Service Life Insurance Act of 81 1940 - 1008 r6 Administrative expenses -- 1012 88 Administrator of Veterans' Affairs, authority 1012 94 Appropriation authorized-- 1011

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