Legislative History of the Internal Revenue Code of 1954: Covering All Changes Made in the Code from the Date of Its Enactment on August 16, 1954, to the End of the First Session of the 89th Congress in 1965-together with Effective Dates and Applicability, Pertinent Ancillary Provisions, Explanatory and Historical Notes, Tables and Appendixes, and a Cumulative Supplement, Volumes 8-11 |
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Page 245
... ( b ) ( 4 ) - ( 6 ) ( added 1958 ) Continuedratable portion of the taxable income
for such year had been received in each of 10 taxable years beginning and
ending on the same dates as the taxable year for which the tax is being
computed .
... ( b ) ( 4 ) - ( 6 ) ( added 1958 ) Continuedratable portion of the taxable income
for such year had been received in each of 10 taxable years beginning and
ending on the same dates as the taxable year for which the tax is being
computed .
Page 355
Footnote 225 — Continued 831 and other than an interinsurer or reciprocal
underwriter ) a tax computed under paragraph ( 1 ) or paragraph ( 2 ) , whichever
is the greater : " ( i ) If the mutual insurance company taxable income ( computed
...
Footnote 225 — Continued 831 and other than an interinsurer or reciprocal
underwriter ) a tax computed under paragraph ( 1 ) or paragraph ( 2 ) , whichever
is the greater : " ( i ) If the mutual insurance company taxable income ( computed
...
Page 1268
Except as provided in subsection ( c ) , such tar shall consist of a normal tax (
computed under section 11 ( b ) ) and a surtax ( computed under section 11 ( e ) )
on the sum of( 1 ) the life insurance taxable income ( as defined in subsection ...
Except as provided in subsection ( c ) , such tar shall consist of a normal tax (
computed under section 11 ( b ) ) and a surtax ( computed under section 11 ( e ) )
on the sum of( 1 ) the life insurance taxable income ( as defined in subsection ...
Page 1272
This figure shall be based on such data with respect to life insurance companies
for the preceding taxable year as the Secretary or his delegate considers
representative and shall be computed in accordance with the following formula :
The ...
This figure shall be based on such data with respect to life insurance companies
for the preceding taxable year as the Secretary or his delegate considers
representative and shall be computed in accordance with the following formula :
The ...
Page 1273
For purposes of this subsection , the net gain from operations after dividends to
policyholders shall be computed in the manner required for purposes of the
annual statement approved by the National Convention of Insurance
Commissioners ...
For purposes of this subsection , the net gain from operations after dividends to
policyholders shall be computed in the manner required for purposes of the
annual statement approved by the National Convention of Insurance
Commissioners ...
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Common terms and phrases
78 Stat added adjusted allowed amended by P.L. Amended Sec amount Applicability attributable basis beginning after December calendar capital certificate Chapter computed considered Continued contract contributions corporation date of enactment December 31 deduction definition delegate determined distribution dividends Effective Date election employee end thereof ending exceed excess exempt extent filed follows 68A Stat foreign gain gross income individual inserting in lieu interest Internal Revenue Code investment January July June lieu thereof limitation loss means month operating organization originally read paid paragraph payment percent performed period person preceding prescribed prior read as follows reason received referred regulations relating Repealed respect revised rules Secretary Security sentence Sept sold striking Subchapter subparagraph subsection tax imposed taxable income Taxable years beginning taxable years ending taxpayer term tion trade treated trust United
Popular passages
Page 566 - ... (1) the possession or enjoyment of, or the right to the income from, the property, or (2) the right, either alone or in conjunction with any person, to designate the persons who shall possess or enjoy the property or the income therefrom; except in case of a bona fide sale for an adequate and full consideration in money or money's worth.
Page 127 - medical care" means amounts paid — (A) For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including amounts paid for accident or health insurance) , or (B) For transportation primarily for and essential to medical care referred to in subparagraph (A).
Page 518 - The performance of service by a duly ordained, commissioned, or licensed minister of a church In the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
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 411 - Secretary or his delegate that he has been a bona fide resident of a foreign country or countries for an uninterrupted period which Includes an entire taxable year, amounts received from sources without the United States (except amounts paid by the United States or any agency thereof) if such amounts...
Page 183 - If an exchange would be within the provisions of subsection (b) (1) to (5), inclusive, of this section if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph to be received without the recognition of gain or loss, but also of other property or money, then no loss from the exchange shall be recognized.
Page 567 - ... where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend, or revoke, or where the decedent relinquished any such power in contemplation of his death. Except in the case of transfers made after June 22, 1936, no interest of the decedent of which he has made a transfer shall be included in the gross estate under paragraph (1) unless it is includible under this paragraph.
Page 602 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 394 - ... engaged in trade or business within the United States, from sources within the United States as interest (except interest on deposits with persons carrying on the banking business), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable annual or periodical gains, profits, and income, a tax of 30...
Page 416 - States— (1) If 80 per centum or more of the gross income of such citizen or domestic corporation (computed without the benefit of this section) for the three-year period immediately preceding the close of the taxable year (or for such part of such period immediately preceding the close of such taxable year as may be applicable) was derived from sources within a possession of the United States...
Bibliographic information
| Title | Legislative History of the Internal Revenue Code of 1954: Covering All Changes Made in the Code from the Date of Its Enactment on August 16, 1954, to the End of the First Session of the 89th Congress in 1965-together with Effective Dates and Applicability, Pertinent Ancillary ..., Volumes 8-11 Legislative History of the Internal Revenue Code of 1954: Covering All Changes Made in the Code from the Date of Its Enactment on August 16, 1954, to the End of the First Session of the 89th Congress in 1965-together with Effective Dates and Applicability, Pertinent Ancillary Provisions, Explanatory and Historical Notes, Tables and Appendixes, and a Cumulative Supplement, United States. Congress. Joint Committee on Internal Revenue Taxation |
| Authors | Floyd Morse Hubbard, United States. Congress. Joint Committee on Internal Revenue Taxation |
| Publisher | U.S. Government Printing Office, 1967 |
| Length | 1374 pages |
| Export Citation | BiBTeX EndNote RefMan |