New York State Personal Income Tax Law: Summary and Text of Law. List of Securities with Values as of January 1, 1919. 1919 Law1920 - 102 pages |
From inside the book
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Page 18
... Government or any of i possessions or to any territory , state or political su divisions thereof or to any foreign government constitu an allowable deduction . Income taxes and taxes assess against local benefits which tend to increase ...
... Government or any of i possessions or to any territory , state or political su divisions thereof or to any foreign government constitu an allowable deduction . Income taxes and taxes assess against local benefits which tend to increase ...
Page 21
... Government and $ 5,000 other income from taxable sources apparently would not be allowed any credit in the form of personal exemption but would be obliged to pay the tax on the entire $ 5,000 of income received from taxable sources ...
... Government and $ 5,000 other income from taxable sources apparently would not be allowed any credit in the form of personal exemption but would be obliged to pay the tax on the entire $ 5,000 of income received from taxable sources ...
Page 35
... Government . Deductions at the source under this Act are required with respect to payments made in the form of compensation for per- sonal services and are not required in connection with payments made in the form of interest , etc ...
... Government . Deductions at the source under this Act are required with respect to payments made in the form of compensation for per- sonal services and are not required in connection with payments made in the form of interest , etc ...
Page 36
... Government must be considered by the tax- payer as additional income subject to the tax . Dividends paid in cash insofar as they are paid from earnings or profits represent income for the year in which they are paid , regardless of when ...
... Government must be considered by the tax- payer as additional income subject to the tax . Dividends paid in cash insofar as they are paid from earnings or profits represent income for the year in which they are paid , regardless of when ...
Page 44
... Government- Gold 6s , due May 15 , 1920 ... Internal 5s , due 1914-45 . 984 89 % - Armour & Co. ( Ill . ) , Real Estate First Mortgage Gold 42s , due June 1 , 1939 ... 865 % 87 Asheville Power & Light Co. , First Mortgage 5s ( Gold ) ...
... Government- Gold 6s , due May 15 , 1920 ... Internal 5s , due 1914-45 . 984 89 % - Armour & Co. ( Ill . ) , Real Estate First Mortgage Gold 42s , due June 1 , 1939 ... 865 % 87 Asheville Power & Light Co. , First Mortgage 5s ( Gold ) ...
Common terms and phrases
amount beneficiary Bid Asked calendar compensation Comptroller computing Consolidated Mtge Convertible Gold corporation Debenture Gold deduction dividends due April due August due December due February due January due July due June due March due November due October due September earnings or profits Electric Co Electric Light Electric Railway Erie Railroad Co Extension Mtge fiduciary filing fiscal funding Mtge Gas & Electric Gold 3½s Gold 42s gross income Hudson River R. R. husband or wife Illinois Central Railroad Income Tax Law interest Lehigh Valley Railroad Lien Gold Light & Power living with husband Louis Louisville & Nashville market value Milwaukee & St Nashville Railroad net income non-resident Northern Pacific Railway paid partnership payment personal exemption provisions Railway & Light Railway Co Refunding Mtge resident Returns of income S. F. Gold salaries Secured Debts Tax Series Southern Railway taxable income taxation taxpayer tion Traction Western Railway withholding agent York Central
Popular passages
Page 77 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 83 - Any amount paid out for new buildings or for permanent improvements or betterments' made to increase the value of any property or estate; 3.
Page 100 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 80 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 92 - Except in the case of taxpayers who are abroad, no such extension shall be for more than six months.
Page 98 - The said sheriff shall thereupon proceed upon the same in all respects, with like effect, and in the same manner prescribed by law in respect to executions issued against property upon judgments of a court of record, and shall be entitled to the same fees for his services in executing the warrant, to be collected in the same manner.
Page 80 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 85 - ... there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year...
Page 85 - The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212...
Page 82 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence...