Taxable Years case installments of the estimated tax for such taxable year payable after September 1, 1943, shall be ratably decreased to reflect the payments on account of a taxable year beginning in 1942 which are treated as payments on account of the estimated tax for a taxable year beginning in 1943. Sec. 60, I. R. C., supra, amended by Sec. 5 (a), Current Tax Payment Act of 1943, by striking out Sec. 60 shown in stricken through type and substituting in lieu thereof Sec. 60 immediately following thereafter. Sec. 5 (f) of said Act makes amendment effective with respect to taxable years beginning after Dec. 31, 1942, except that Sec. 294 (a) (5), I. R. C., shall not be applicable to taxable year beginning in 1943 in the case of an individual not required to make a declaration under Sec. 58, I. R. C., for such year. See fn. 9, p. 176, for Sec. 6, Current Tax Payment Act of 1943, for relief from double payments in 1943. Sec. 61. Laws made applicable. PROVI Sec. 61. Laws made applicable. Sec. 61. Laws made applicable. All administrative, special, or All administrative, special, or All administrative, special, or stamp provisions of law, including stamp provisions of law, including stamp provisions of law, including the law relating to the assessment the law relating to the assessment the law relating to the assessment of taxes, so far as applicable, shall of taxes, so far as applicable, shall of taxes, so far as applicable, shall be extended to and made a part be extended to and made a part be extended to and made a part of this chapter. of this chapter. of this chapter. Sec. 62. Rules and regulations. Sec. 62. Rules and regulations. Sec. 62. Rules and regulations. The Commissioner, with the ap- The Commissioner, with the ap- The Commissioner, with the approval of the Secretary, shall pre-proval of the Secretary, shall pre-proval of the Secretary, shall prescribe and publish all needful rules scribe and publish all needful rules scribe and publish all needful rules and regulations for the enforce- and regulations for the enforce- and regulations for the enforcement of this chapter. ment of this chapter. ment of this chapter. Sec. 63. Publication of statistics. Sec. 63. Publication of statis- Sec. 63. Publication of statistics. tics. The Commissioner, with the ap- The Commissioner, with the ap- The Commissioner, with the approval of the Secretary, shall pre- proval of the Secretary, shall pre-proval of the Secretary, shall prepare and publish annually statis- pare and publish annually statis- pare and publish annually statistics reasonably available with re- tics reasonably available with re- tics reasonably available with respect to the operation of the spect to the operation of the spect to the operation of the income, war-profits and excess-income, war-profits and excess- income, war-profits and excessprofits tax laws, including classifi- profits tax laws, including classifi- profits tax laws, including classifications of taxpayers and of in- cations of taxpayers and of in- cations of taxpayers and of income, the amounts allowed as de- come, the amounts allowed as de- come, the amounts allowed as deductions, exemptions, and credits, ductions, exemptions, and credits, ductions, exemptions, and credits, and any other facts deemed per- and any other facts deemed per- and any other facts deemed pertinent and valuable. tinent and valuable. tinent and valuable. Sec. 61. Laws made applicable. Sec. 61. Laws made applicable. All administrative, special, or All administrative, special, or stamp provisions of law, including stamp provisions of law, including the law relating to the assessment the law relating to the assessment of taxes, so far as applicable, shall of taxes, so far as applicable, shall be extended to and made a part be extended to and made a part of this chapter. of this chapter. Sec. 62. Rules and regulations. Sec. 62. Rules and regulations. The Commissioner, with the ap- The Commissioner, with the approval of the Secretary, shall pre-proval of the Secretary, shall prescribe and publish all needful rules scribe and publish all needful rules and regulations for the enforce- and regulations for the enforcement ment of this chapter. of this chapter. Sec. 63. Publication of statistics. Sec. 63. Publication of statistics. The Commissioner, with the apThe Commissioner, with the ap-proval of the Secretary, shall preproval of the Secretary, shall pre- pare and publish annually statistics pare and publish annually statis- reasonably available with respect ties reasonably available with re- to the operation of the income, warspect to the operation of the profits and excess-profits tax laws, income, war-profits and excess- including classifications of taxpayprofits tax laws, including classifiers and of income, the amounts alcations of taxpayers and of in-lowed as deductions, exemptions, come, the amounts allowed as de- and credits, and any other facts ductions, exemptions, and credits, deemed pertinent and valuable. and any other facts deemed per tinent and valuable. Sec. 61. Laws made applicable. Sec. 62. Rules and regulations. See p. 118, Eighth Edition. [Supplementary to Subchapter B, [Supplementary to Subchapter B, Part 1] Sec. 101. Exemptions from tax on corporations. The following organizations shall be exempt from taxation under this chapter Sec. 101. (1) Labor, agricultural, or horticultural organizations; Sec. 101. (2) Mutual savings banks not having a capital stock represented by shares; Part I] Sec. 101. Exemptions from tax on corporations. The following organizations shall be exempt from taxation under this chapter Sec. 101. (1) Labor, agricultural, or horticultural organizations; Sec. 101. (2) Mutual savings banks not having a capital stock represented by shares; Sec. 101. (3) Fraternal benefici Supplement A-Rates of Tax [Supplementary to Subchapter B, Part 1] Sec. 101. Exemptions from tax on corporations. The following organizations shall be exempt from taxation under this chapter Sec. 101. (1) Labor, agricultural, or horticultural organizations; Sec. 101. (2) Mutual savings banks not having a capital stock represented by shares; Sec. 101. (3) Fraternal beneficiSec. 101. (3) Fraternal beneficiary societies, orders, or associa- ary societies, orders, or associa-ary societies, orders, or associations, (A) operating under the tions, (A) operating under the tions, (A) operating under the lodge system or for the exclusive lodge system or for the exclusive lodge system or for the exclusive benefit of the members of a fra- benefit of the members of a fra- benefit of the members of a fraternity itself operating under the ternity itself operating under the ternity itself operating under the lodge system; and (B) providing lodge system; and (B) providing lodge system; and (B) providing for the payment of life, sick, ac- for the payment of life, sick, ac- for the payment of life, sick, accident, or other benefits to the cident, or other benefits to the cident, or other benefits to the members of such society, order, or members of such society, order, or members of such society, order, or association or their dependents; association or their dependents; association or their dependents; Sec. 101. (4) Domestic building Sec. 101. (4) Domestic building and loan associations substantially and loan associations substantially all the business of which is con- all the business of which is confined to making loans to members; fined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without profit; Sec. 101. (5) Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit; and any corporation chartered solely for burial purposes as a cemetery corporation and not permitted by its charter to engage in any business not necessarily incident to that purpose, no part of the net earnings of which inures to the benefit of any private share holder or individual; and cooperative banks without Sec. 101. (5) Cemetery compa- Sec. 101. (4) Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without profit; Sec. 101. (5) Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit; and any corporation chartered solely for burial purposes as a cemetery corporation and not permitted by its charter to engage in any business not necessarily incident to that purpose, no part of the net earnings of which inures to the benefit of any private shareholder or individual; Sec. 101. (6) Corporations, and Sec. 101. (6) Corporations, and Sec. 101. (6) Corporations, and any community chest, fund, or any community chest, fund, or any community chest, fund, or foundation, organized and operated foundation, organized and operated foundation, organized and operated exclusively for religious, chari- exclusively for religious, chari- exclusively for religious, charitable, scientific, literary, or educa- table, scientific, literary, or educa- table, scientific, literary, or educational purposes, or for the preven- tional purposes, or for the preven- tional purposes, or for the prevention of cruelty to children or tion of cruelty to children or tion of cruelty to children or animals, no part of the net earn- animals, no part of the net earn- animals, no part of the net earnings of which inures to the bene- ings of which inures to the bene- ings of which inures to the benefit of any private shareholder or fit of any private shareholder or fit of any private shareholder or individual, and no substantial part individual, and no substantial part individual, and no substantial part Sec. 101. (2) Mutual savings Sec. 101. (2) Mutual savings banks not having a capital stock banks not having a capital stock represented by shares; represented by shares; Sec. 101. (3) Fraternal benefici- Sec. 101. (3) Fraternal beneficiary societies, orders, or associa- ary societies, orders, or associations, (A) operating under the tions, (A) operating under the lodge system or for the exclusive lodge system or for the exclusive benefit of the members of a fra- benefit of the members of a fraternity itself operating under the ternity itself operating under the lodge system; and (B) providing lodge system; and (B) providing for the payment of life, sick, ac- for the payment of life, sick, accident, or other benefits to the cident, or other benefits to the members of such society, order, or members of such society, order, or association or their dependents; association or their dependents; Sec. 101. (4) Domestic building Sec. 101. (4) Domestic building and loan associations substantially and loan associations substantially all the business of which is con- all the business of which is confined to making loans to members; fined to making loans to members; and cooperative banks without and cooperative banks without capital stock organized and oper- capital stock organized and operated for mutual purposes and with- ated for mutual purposes and without profit; out profit; Sec. 101. (5) Cemetery compa- Sec. 101. (5) Cemetery companies owned and operated exclusively nies owned and operated exclusively for the benefit of their members for the benefit of their members or which are not operated for or which are not operated for profit; and any corporation char- profit; and any corporation chartered solely for burial purposes as tered solely for burial purposes as a cemetery corporation and not a cemetery corporation and not permitted by its charter to engage permitted by its charter to engage in any business not necessarily in- in any business not necessarily incident to that purpose, no part of cident to that purpose, no part of the net earnings of which inures to the net earnings of which inures to the benefit of any private share- the benefit of any private shareholder or individual; holder or individual; Sec. 101. (6) Corporations, and Sec. 101. (6) Corporations, and any community chest, fund, or any community chest, fund, or foundation, organized and operated foundation, organized and operated exclusively for religious, chari- exclusively for religious, charitable, scientific, literary, or educa- table, scientific, literary, or educational purposes, or for the preven- tional purposes, or for the prevention of cruelty to children or tion of cruelty to children animals, no part of the net earn- animals, no part of the net earnings of which inures to the bene- ings of which inures to the benefit of any private shareholder or fit of any private shareholder or individual, and no substantial part individual, and no substantial part or Taxable Years Beginning before 1939 SUBTITLE C-SUPPLEMENTAL PROVISIONS Supplement A-Rates of Tax [Supplementary to Subtitle B, Part I] Sec. 101. Exemptions from tax on corporations. See p. 120, Eighth Edition. |