 | United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...shareholder or individual. A cemetery company which fulfills the other requirements of the statute may be exempt, even though it issues preferred stock...entitling the holders to dividends at a fixed rate, provided that its articles of incorporation require (1) that the preferred stock shall be retired at... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...shareholder or individual. A cemetery company which fulfills the other requirements of the statute may be exempt, even though it issues preferred stock...entitling the holders to dividends at a fixed rate, provided that its articles of incorporation require (1) that the preferred stock shall be retired at... | |
 | Eric Louis Kohler - Income tax - 1927 - 618 pages
...is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are... | |
 | Edwin Griswold Nourse - Agricultural laws and legislation - 1927 - 598 pages
...is fixed at not to exceed the legal rate of interest in the state of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued, and if substantially all such stock (other than non-voting preferred stock, the owners of which are... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - Taxation - 1927 - 414 pages
...is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are... | |
 | United States. Congress. House. Committee on Ways and Means - Internal revenue - 1927 - 1034 pages
...stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per cent per annum, whichever is greater, on the value of the consideration for which the stock was issued ; not shall exemption be denied any such association because there is accumulated and maintained by... | |
 | United States. Congress. House. Committee on Ways and Means - Taxation - 1927 - 1032 pages
...stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per cent per annum, whichever is greater, on the value of the consideration for which the stock was issued ; not shall exemption be denied any such association because there is accumulated and maintained by... | |
 | United States - Finance - 1928 - 268 pages
...is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are... | |
 | United States - Law - 1928 - 1164 pages
...is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are... | |
 | Robert Hiester Montgomery - Excess profits tax - 1927 - 1510 pages
...individual ; . . . . REGULATION. A cemetery company which fulfills the other requirements of the statute may be exempt, even though it issues preferred stock...entitling the holders to dividends at a fixed rate, provided that its articles of incorporation require (i) that the preferred stock shall be retired at... | |
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Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on... 
