Regulations 37 Revised January 1921 Relating To Estate Tax Under The Revenue Act Of 1918 Approved February 24 1919

Author : United States. Office Of Revenue
Publisher : Theclassics.Us
ISBN 13 : 9781230237671
Total Pages : 18 pages
Book Rating : 4.2/5 (376 download)

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Download or read book Regulations No. 64 Relating to the Capital Stock Tax Under the Revenue Act Of 1921 written by United States. Office Of Revenue and published by Theclassics.Us. This book was released on 2013-09 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ... CAPITAL STOCK TAX. Article 1. The law.--The main provisions of existing law with respect to this tax are embodied in section 1000 of the Revenue Act of 1921, referred to hereinafter as the act. EFFECTIVE DATE. Sec. 1000. (a) That on and after July 1, 1922, in lieu of the tax imposed by section 1000 of the Revenue Act of 1918--Art. 2. Due date of tax.--The act was approved November 23,1921, but the tax is effective from July 1, 1922, except upon the incorporation of an individual or partnership business (see art. 32). This is a special tax and like all special taxes is due and payable annually in advance from July 1 of each year. No portion of the tax so paid is refundable to a corporation which ceases to do business during the year. CORPORATIONS DEFINED AND DISTINGUISHED. Section 2. That when used in this act-- The term "corporation" includes associations, joint-stock companies, and The term "domestic" when applied to a corporation or partnership means created or organized in the United States; The term "foreign" when applied to a corporation or partnership means created or organized outside the United States; The term "United States" when used in a geographical sense includes only the States, the Territories of Alaska and Hawaii, and the District of Columbia. Art. 3. Corporations.--The term "corporation" includes associations and joint-stock companies, whether created by statute or by contract, but not partnerships, properly so called. It is immaterial whether the companies were organized for profit or have a capital stock represented by shares. Art. 4. Associations and joint-stock companies.--Associations and joint-stock companies include organizations, by whatever name known, which act or do business in an organized...