 | United States - Law - 1953 - 1744 pages
...$5,000 in principal amount; and iB) A lending company, not otherwise excepted by section 501 (b) , authorized to engage in the small loan business under...providing for the direct regulation of such business, 80 per centum or more of the gross income of which is lawful interest, discount or other authorized... | |
 | Administrative law - 1960 - 880 pages
...exceed $5,000 In principal amount; (7) A lending company, not otherwise exceptée! by this subsection, authorized to engage in the small loan business under...providing for the direct regulation of such business, 80 percent or more of the gross Income of which is lawful Interest, discount or other authorized charges... | |
 | United States, Walter Elbert Barton - Income tax - 1953 - 708 pages
...exceed $5,000 in principal amount; and (B) A lending company, not otherwise excepted by section 501 (b), authorized to engage in the small loan business under...providing for the direct regulation of such business, 80 per centum or more of the gross income of which is lawful interest, discount or other authorized... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1963 - 1436 pages
...before Jan. 1, 1962, read as follows: [(7) A lending company, not otherwise excepted by this subsection, authorized to engage in the small loan business under...providing for the direct regulation of such business, 80 percent or more of the gross income of which is lawful interest, discount or other authorized charges... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1964 - 888 pages
...authorized to engage in and is actively and regularly engaged in the small loan business (consumer finance business) under one or more State statutes providing for the direct regulation of such business, for purposes of the 20-percent income test of section 542 (c)(6)(B), there shall not be treated as... | |
 | United States. Internal Revenue Service - Tax administration and procedure - 1963 - 1402 pages
...business must meet In order to be exempt from the personal holding c pany tax are quite detailed. They must — (1) Be authorized to engage In the small loan business under one or n State statutes providing for the direct regulation of such business ; (2) Derive 80 percent or more... | |
 | Administrative law - 1961 - 566 pages
...exceed $5,000 in principal amount; (7) A lending company, not otherwise excepted by this subsection, authorized to engage in the small loan business under...providing for the direct regulation of such business, 80 percent or more of the gross income of which is lawful interest, discount or other authorized charges... | |
 | United States. Tax Court - Taxation - 1961 - 1220 pages
...• ••••** (6)(B) A lending company, not otherwise excepted by section 601 (b), authorised to engage In the small loan business under one or...providing for the direct regulation of such business, 80 per centum or more of the gross Income of which Is lawful Interest, discount or other authorised... | |
 | United States. Tax Court - Law reports, digests, etc - 1961 - 1230 pages
...include — • •••••• (6)(B) A lending company, not otherwise excepted by lection B01(b), authorized to engage In the small loan business under one or more State statute* providing for the direct regulation of such business, 80 per centum or more of the gross Income... | |
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... (7) A lending company, not otherwise excepted by this subsection, authorized to engage in the small loan business under one or more State statutes providing for the direct regulation of such business, 80... 
