 | American Chamber of Commerce of the Philippines - Philippines - 1921 - 735 pages
...Sec. 262 of this 1921 Revenue Act which is utterly meaningless to me. Paragraph (1) starts out: "If 80 per centum or more of the gross income of such...corporation (computed without the benefit of this section)," etc. What does the language in parenthesis mean? Stripping the section of surplus verbiage it would... | |
 | United States. Court of Claims, Audrey Bernhardt - Law reports, digests, etc - 1968 - 922 pages
...business was done in countries in North, Central and South America and 90 percent of its gross income for the three-year period immediately preceding the close of the taxable year 1952 was derived from the active conduct of a trade or business. 29. The amount of the credit against... | |
 | Military art and science - 1925 - 794 pages
...received if such payment constitutes 80 per cent or more of his total gross income from all sources for the three-year period immediately preceding the...the taxable year (or for such part of such period as may be applicable). PERSONAL EXEMPTION In the case of a single person, a personal exemption of $1,000.00;... | |
 | United States - Law - 1921 - 642 pages
...income from sources within the United <-i\ T* ort , e ^1 • it •,' If 80 per cent derived (.1) If 80 per centum or more of the gross income of such citizen or from the possessions. domestic corporation (computed without the benefit of this section) for the three-year... | |
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...applies to citizens of the United States or domestic corporations 80% or more of whose gross income for the threeyear period immediately preceding the close of the taxable year, was derived from sources within a possession of the United States, and 50% or more of whose gross income... | |
 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...conditions, gross income means only gross income from sources within the United States — • (1) If 80 per centum or more of the gross income of such...citizen or domestic corporation (computed without the heneflt of this section), for the three-year period immediately preceding the close of the taxable... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - Income tax - 1925 - 580 pages
...following conditions, gross income means only gross income from sources within the United States— (1) If 80 per centum or more of the gross income of such...the taxable year (or for such part of such period therein, shall be taxed in Porto Rico or the Philippine Islands as a nonresident alien individual,... | |
 | Corporations - 1954 - 766 pages
...a Western Hemisphere trade corporation if (1) 95 percent or more of its gross income for the 3-year period immediately preceding the close of the taxable year (or for such part of that period as the corporation was in business) was derived from sources outside the United States;... | |
 | Robert Hiester Montgomery - Excess profits tax - 1923 - 1760 pages
...necessary to show that the income is of the type specified in those paragraphs. (Art. 317.) Rur.iNG. For the three-year period immediately preceding the close of the taxable year, 80 per cent of the gross income of a citizen was received in the Canal Zone for services there rendered... | |
 | United States. Internal Revenue Service - Income tax - 1931 - 502 pages
...conditions, gross income means only gross income from sources within the United States — ( 1 ) If 80 per centum or more of the gross income of such...citizen or domestic corporation (computed without the henefit of this section), for the three-year period immediately preceding the close of the taxable... | |
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Newfoundland, and which satisfies the following conditions: ( 1 ) If 95 percent or more of the gross income of such domestic corporation for the three-year period immediately preceding the close of the taxable year (or for such part of such period... 
