Act of 1917. Act of 1916. Act of 1913. corporations, joint-stock companies, associations, and insurance companies, and in the case of collections of items (not payable in the United States) of interest upon the bonds of foreign countries and interest from the bonds and dividends from the stock of foreign corporations by persons, corporations, partnerships, or associations, undertaking as a matter of business or for profit the collection of foreign payments of such interest or dividends by means of coupons, checks, or bills of exchange. "When necessary to make effective the provisions of this section the name and address of the recipient of income shall be furnished upon demand of the person, corporation, partnership, association, or insurance company paying the income. "The provisions of this section shall apply to the calendar year nineteen hundred and seventeen and each calendar year thereafter, but shall not apply to the payment of interest on obligations of the United States. SEC. 14. (b) 322 When the as- SEC. 14. (b) 322 When the as- G. (d) [1] When the assesssessment shall be made, as pro- sessment shall be made, as pro- ment shall be made, as provided vided in this title, the returns, vided in this title, the returns, in this section, the returns, totogether with any corrections together with any corrections gether with any corrections thereof which may have been thereof which may have been thereof which may have been made by the Commissioner, shall made by the commissioner, shall made by the commissioner, shall be filed in the office of the Com- be filed in the office of the Com- be filed in the office of the Commissioner of Internal Revenue missioner of Internal Revenue missioner of Internal Revenue and shall constitute public records and be open to inspection as such: Provided, That any and all such returns shall be open to inspection only upon the order of the President, under rules and regulations to be prescribed by and shall constitute public rec- and shall constitute public records and be open to inspection ords and be open to inspection as such: Provided, That any and as such: Provided, That any and all such returns shall be open to all such returns shall be open to inspection only upon the order inspection only upon the order of the President, under rules and of the President, under rules and regulations to be prescribed by regulations to be prescribed by the Secretary of the Treasury the Secretary of the Treasury the Secretary of the Treasury and approved by the President: and approved by the President: and approved by the President: Provided further, That the Provided further, That further, That the proper officers of any State im- proper officers of any State imposing a general income tax may, upon the request of the governor thereof, have access to said returns or to an abstract thereof, showing the name and income of posing a general income tax may, Provided further, That the proper officers of any State imposing a general income tax may, upon the request of the governor thereof, have access to said returns or to an abstract thereof, showing the name and income of Act of 1924. a committee, or by and through such examiners or agents as it may designate or appoint, to inspect all or any of the returns at such times and in such manner as it may determine; and any relevant or useful information thus obtained may be submitted by the committee obtaining it to the Senate or the House, or to both the Senate and House, as the case may be: Provided further, That the proper officers of any State may, upon making request of the Commis- making request of the Commissioner, be allowed to examine the sioner, be allowed to examine the annual income returns of such annual income returns of such corporation and of its subsidi- corporation and of its subsidiaries. Any stockholder who pur- aries. Any stockholder who pursuant to the provisions of this suant to the provisions of this section is allowed to examine the section is allowed to examine the return of any corporation, and return of any corporation, and who makes known in any man- who makes known in any manner whatever not provided by ner whatever not provided by law the amount or source of in- law the amount or source of income, profits, losses, expendi- come, profits, losses, expenditures, or any particular thereof, tures, or any particular thereof, set forth or disclosed in any such set forth or disclosed in any such the request of the governor return, shall be guilty of a mis- return, shall be guilty of a misthereof, have access to the re- demeanor and be punished by a demeanor and be punished by a turns of any corporation, or to fine not exceeding $1,000, or by fine not exceeding $1,000, or by an abstract thereof showing the imprisonment not exceeding one imprisonment not exceeding one name and income of the corpo- year, or both. year, or both. ration, at such times and in such manner as the Secretary may prescribe: Provided further, That all bona fide shareholders of record owning 1 per centum or more of the outstanding stock of any corporation shall, upon making request of the Commissioner, be allowed to examine the annual income returns of such corporation and of its subsidiaries. Any shareholder who pursuant to the provisions of this section is allowed to examine the return of any corporation, and who makes known in any manner whatever not provided by law the amount or source of income, profits, losses, expenditures, or any particular thereof, set forth or disclosed in any such return, shall be guilty of a misdemeanor and be punished by a fine not exceeding $1,000 or by imprisonment not exceeding one year, or both. The Commissioner shall as The Commissioner shall as soon as practicable in each year soon as practicable in each year cause to be prepared and made cause to be prepared and made available to public inspection in available to public inspection in such manner as he may deter- such manner as he may determine, in the office of the collec- mine, in the office of the collector tor in each internal-revenue in each internal-revenue district district and in such other places and in such other places as he as he may determine, lists con- may determine, lists containing taining the names and the post-the names and the post-office adoffice addresses of all individuals dresses of all individuals making making income-tax returns in income-tax returns in such dis SEC. 257. (b) The Commissioner shall as soon as practicable in each year cause to be prepared and made available to public inspection in such manner as he may determine, in the office of the collector in each internal-revenue district and in such other places as he may determine, lists containing the name and the post-office address of each person making an income-tax return in such district, such district. trict. Act of 1917. Act of 1916. Act of 1913. each such corporation, joint- each such corporation, joint- each such corporation, jointstock company or association, or stock company or association, or stock company, association or ininsurance company, at such insurance company, at such surance company, at such times times and in such manner as the Secretary of the Treasury may prescribe; times and in such manner as the and in such manner as the Secretary of the Treasury may prescribe. Act of 1924. together with the amount of the income tax paid by such person. PUBLICATION OF STATISTICS. SEC. 258. The Commissioner, with the approval of the Secretary, shall prepare and publish annually statistics reasonably available with respect to the operation of the income, warprofits and excess-profits tax laws, including classifications of taxpayers and of income, the amounts allowed as deductions, exemptions, and credits, and any other facts deemed pertinent and valuable. COLLECTION OF FOREIGN ITEMS. SEC. 258. That the Commis- SEC. 258. That the Commissioner, with the approval of the sioner, with the approval of the Secretary, shall prepare and Secretary, shall prepare and publish annually statistics rea- publish annually statistics reasonably available with respect to sonably available with respect to the operation of the income, war- the operation of the income, warprofits and excess-profits tax profits and excess-profits-tax laws, including classifications of laws, including classifications of taxpayers and of income, the taxpayers and of income, the amounts allowed as deductions, amounts allowed as deductions, exemptions, and credits, and any exemptions, and credits, and any other facts deemed pertinent other facts deemed pertinent and and valuable. valuable. COLLECTION OF FOREIGN ITEMS. COLLECTION OF FOREIGN ITEMS. SEC. 259. All persons under- SEC. 259. That all individuals SEC. 259. That all individuals, taking as a matter of business corporations, or partnerships corporations, or partnerships or for profit the collection of undertaking as a matter of busi- undertaking as a matter of busiforeign payments of interest or ness or for profit the collection ness or for profit the collection dividends by means of coupons, of foreign payments of interest of foreign payments of interest checks, or bills of exchange shall or dividends by means of cou- or dividends by means of couobtain a license from the Com- pons, checks, or bills of exchange pons, checks, or bills of exchange missioner and shall be subject shall obtain a license from the shall obtain a license from the to such regulations enabling the Commissioner and shall be sub- Commissioner and shall be subGovernment to obtain the infor- ject to such regulations enabling ject to such regulations enabling mation required under this title the Government to obtain the in- the Government to obtain the inas the Commissioner, with the formation required under this formation required under this tiapproval of the Secretary, shall title as the Commissioner, with tle as the Commissioner, with the prescribe; and whoever know- the approval of the Secretary, approval of the Secretary, shall ingly undertakes to collect such shall prescribe; and whoever prescribe; and whoever knowpayments without having ob- knowingly undertakes to collect ingly undertakes to collect such tained a license therefor, or such payments without having payments without having obwithout complying with such obtained a license therefor, or tained a license therefor, or regulations, shall be guilty of a without complying with such without complying with such misdemeanor and shall be fined regulations, shall be guilty of a regulations, shall be guilty of a not more than $5,000, or impris- misdemeanor and shall be fined misdemeanor and shall be fined oned for not more than one year, not more than $5,000, or impris- not more than $5,000, or imprior both. oned for not more than one soned for not more than one year, or both. year, or both. CITIZENS OF POSSESSIONS OF THE CITIZENS OF POSSESSIONS OF THE CITIZENS OF UNITED STATES POSUNITED STATES. SEC. 260. Any individual who is a citizen of any possession of the United States (but not other UNITED STATES. SEC. 260. That any individual SESSIONS. SEC. 260. That any individual who is a citizen of any posses- who is a citizen of any possession of the United States (but sion of the United States (but 323 Sec. 9, Part I, Act of 1916, as amended by Sec. 1205 (1), Title XII, Act of 1917. Act of 1917. Act of 1916. Act of 1913. SEC. 21. That the preparation SEC. 21. That the preparation and publication of statistics rea- and publication of statistics reasonably available with respect to sonably available with respect to the operation of the income tax the operation of the income tax law and containing classifica- law and containing classifications of taxpayers and of income, tions of taxpayers and of inthe amounts allowed as deductions and exemptions, and any other facts deemed pertinent and valuable, shall be made annually by the Commissioner of Internal Revenue with the approval of the Secretary of the Treasury. come, the amounts allowed as SEC. 1205. [3], amending Sec. 9. (f)323 All persons, corporations, partnerships, or associations, undertaking as a matter of business or for profit the collection of foreign payments of interest or dividends by means of coupons, checks, or bills of exchange shall obtain a license from the Commissioner of Internal Revenue, and shall be subject to such regulations enabling to ascertain and verify the due the Government to obtain the in- withholding and payment of the formation required under this income tax required to be withtitle, as the Commissioner of In- held and paid as the Commisternal Revenue, with the ap- sioner of Internal Revenue, with proval of the Secretary of the the approval of the Secretary of Treasury, shall prescribe; and the Treasury, shall prescribe; whoever knowingly undertakes and any person who shall knowto collect such payments as afore- ingly undertake to collect such said without having obtained payments as aforesaid without a license therefor, or with- having obtained a license there- out having obtained a license out complying with such regulations, shall be deemed guilty of a misdemeanor and for each of fense be fined in a sum not exceeding $5,000, or imprisonment for a term not exceeding one year, or both, in the discretion of the court. SEC. 9. (f) 324 All persons, E. [7] All persons, firms, or firms, or corporations undertak- corporations undertaking as a ing as a matter of business or for matter of business or for profit profit the collection of foreign the collection of foreign paypayments of such interest or div- ments of such interest or diviidends by means of coupons, dends by means of coupons, checks, or bills of exchange shall checks, or bills of exchange shall obtain a license from the Com- obtain a license from the Commissioner of Internal Revenue, missioner of Internal Revenue, and shall be subject to such regu- and shall be subject to such reglations enabling the Government ulations enabling the Government to ascertain and verify the due withholding and payment of the income tax required to be withheld and paid as the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, shall prescribe; and any person who shall knowingly undertake to collect such payments as aforesaid with for, or without complying with therefor, or without complying with such regulations, shall be deemed guilty of a misdemeanor and for each offense be fined in a sum not exceeding $5,000, or imprisoned for a term not exceeding one year or both, in the discretion of the court. 324 Part I, Title I, Act of 1916. |