New York State Personal Income Tax Law: Summary and Text of Law. List of Securities with Values as of January 1, 1919. 1919 Law |
From inside the book
Results 1-5 of 34
Page 7
Interest Personal Exemptions . . . . . . . Personal Exemption of U . S . Officials Non
- Residents . . . . . . . Income of Non - residents . . . . . . . Deductions of Non -
residents Personal exemption not allowed non - residents Credit for Income Tax
paid ...
Interest Personal Exemptions . . . . . . . Personal Exemption of U . S . Officials Non
- Residents . . . . . . . Income of Non - residents . . . . . . . Deductions of Non -
residents Personal exemption not allowed non - residents Credit for Income Tax
paid ...
Page 10
Interest on indebtedness . . . . . B Taxes . . . . . . . . . . . . . . . Losses in business . .
Losses in transactions entered into for profit Losses from fire , etc . . . . . . . Bad
debts . . . . . . . . . . Wear and tear . . Depletion of mines , etc . Contributions to
charitable ...
Interest on indebtedness . . . . . B Taxes . . . . . . . . . . . . . . . Losses in business . .
Losses in transactions entered into for profit Losses from fire , etc . . . . . . . Bad
debts . . . . . . . . . . Wear and tear . . Depletion of mines , etc . Contributions to
charitable ...
Page 12
R G = 35 ố ồ ô c o Penalties ( 8 376 ) When payable ( $ 377 ) . . . . . . . . . . .
Understatement of tax . . . . . Overstatement of tax Notice of assessment ( $ 378 ) .
. . . . . . . . . . . . . . Collection of taxes ; penalties and interest ( $ 379 ) . . . . . . Failure
to pay ...
R G = 35 ố ồ ô c o Penalties ( 8 376 ) When payable ( $ 377 ) . . . . . . . . . . .
Understatement of tax . . . . . Overstatement of tax Notice of assessment ( $ 378 ) .
. . . . . . . . . . . . . . Collection of taxes ; penalties and interest ( $ 379 ) . . . . . . Failure
to pay ...
Page 15
The law also exempts interest from the following : Exempt € Obligations of the
United States or its possessions ; se - Securities curities issued under the
provisions of the Federal Farm Loan Act of July 17 , 1916 ; bonds issued by the
War ...
The law also exempts interest from the following : Exempt € Obligations of the
United States or its possessions ; se - Securities curities issued under the
provisions of the Federal Farm Loan Act of July 17 , 1916 ; bonds issued by the
War ...
Page 17
In defining income which is exempt and need not be included in " gross income ,
” the Act specifies interest received from investments which have been exempted
under the provisions of the Investment Tax Law for the period of such exemption
...
In defining income which is exempt and need not be included in " gross income ,
” the Act specifies interest received from investments which have been exempted
under the provisions of the Investment Tax Law for the period of such exemption
...
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Common terms and phrases
accounting allowed American amount Asked basis beneficiary calendar Chicago City Collateral collected Company compensation comptroller computed Consolidated Mtge Convertible corporation Court Debenture deduction determinable distributed District dividends Division due April due August due December due February due January due July due June due March due November due October excess exemption Extension Federal fiduciary filing fiscal funding gain Gas & Electric Gold 58 Government gross income imposed included Income Tax Income Tax Law individual interest issued Lien Light & Power loss Louis Michigan net income nineteen hundred non-resident Notes Pacific paid partnership payment Penalties period personal exemption prior profits provisions Railroad Co Railway Railway Co received Refunding Mtge regulations resident respect S. F. Gold salaries Secured Series sources Southern taxable taxation taxpayer thereof thousand dollars tion trust United Western wife York
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...
Bibliographic information
| Title | New York State Personal Income Tax Law: Summary and Text of Law. List of Securities with Values as of January 1, 1919. 1919 Law |
| Author | Harris, Forbes & Co., New York |
| Contributor | New York (State) |
| Published | 1920 |
| Original from | Harvard University |
| Digitized | 4 Mar 2008 |
| Length | 102 pages |
| Export Citation | BiBTeX EndNote RefMan |