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SUBTITLE A-TAXES SUB-SUBTITLE A-TAXES SUB

JECT TO THE JURISDIC-
TION OF THE BOARD
OF TAX APPEALS
TITLE I-INCOME TAX

SUBCHAPTER A-INTRODUCTORY

PROVISIONS

Sec. 1. Application of chapter.
Same as 1944.

Sec. 2. Cross references.
Same as 1944.

Sec. 3. Classification of provisions.

Same as 1944.

Sec. 4. Special classes of taxpayers.

Same as 1944.

JECT TO THE JURISDIC-
TION OF THE BOARD
OF TAX APPEALS
CHAPTER I-INCOME TAX

SUBCHAPTER A-INTRODUCTORY

PROVISIONS

Taxable Years Beginning before 1944

SUBTITLE A-TAXES SUB-
JECT TO THE JURISDIC-
TION OF THE BOARD
OF TAX APPEALS
TITLE I—INCOME TAX

SUBCHAPTER A-INTRODUCTORY

PROVISIONS

Section originated 1928 as Sec. 1, R. A. of 1928.

For any amendments prior to 1944, see

Eighth Edition, p. 2,
Ninth Edition, p. 2.

Sec. 1. Application of chapter. Sec. 1. Application of Chapter. -The provisions of this chapter shall apply only to taxable years beginning after December 31, 1938. Income, war-profits, and excess profits taxes for taxable years beginning prior to January 1, 1939 shall not be affected by the provisions of this chapter, but shall remain subject to the applicable provisions of the Revenue Act of 1938 and prior revenue acts, except as such provisions are modified by legislation enacted subsequent to the Revenue Act of 1938.

Sec. 2. Cross references.-The cross references in this chapter to other portions of the chapter, where the word "see" is used, are made only for convenience, and shall be given no legal effect.

Sec. 3. Classification of provisions. The provisions of this chapter are herein classified and designated as

Subchapter A-Introductory provisions,

Subchapter B-General provisions, divided into Parts and sections,

Subchapter C-Supplemental provisions, divided into Supplements and sections.

Subchapter D Victory tex en individuale, divided into parte and sectioner

Sec. 3, I. R. C., supra, amended by Sec. 6 (b) (1), I. I. T. A. of 1944 by omitting language in stricken-through type. Sec. 2 of said Act makes amendment applicable to taxable years beginning after Dec. 31, 1943.

Sec. 4. Special classes of taxpayers. The application of the General Provisions and of Supplements A to D, inclusive, to each of the following special classes of taxpayers, shall be subject to the exceptions and additional provisions

Sec. 2. Cross references.

Section originated 1928 as Sec. 2, R. A. of 1928.

For any amendments prior to 1944, see

Eighth Edition, p. 2,
Ninth Edition, p. 2.

Sec. 3. Classification of provisions.

Section originated 1928 as Sec. 3, R. A. of 1928.

For any amendments prior to 1944, see

Eighth Edition, p. 2,
Ninth Edition, p. 2.

Sec. 4. Special classes of taxpayers.

Section originated 1928 as Sec. 4, R. A. of 1928.

For any amendments prior to 1944, see

Eighth Edition, p. 2,
Ninth Edition, p. 2.

Taxable Years Beginning in 1949

found in the Supplement applicable to such class, as follows:

(a) Estates and trusts and the beneficiaries thereof,-Supplement

E.

(b) Members of partnerships,Supplement F.

(c) Insurance companies,-Supplement G.

(d) Nonresident alien individuals,-Supplement H.

(e) Foreign corporations,-Supplement I.

(f) Individual citizens of any possession of the United States who are not otherwise citizens of the United States and who are not residents of the United States,Supplement J.

(g) Individual citizens of the United States or domestic corporations, satisfying the conditions of section 251 by reason of deriving a large portion of their gross income from sources within a possession of the United States,-Supplement J.

(h) China Trade Act corporations, Supplement K.

(i) Foreign personal holding companies and their shareholders, -Supplement P.

(j) Regulated investment companies, Supplement Q.

(k) Shareholders of Personal Service Corporations,-Supplement

S.

(1) Individuals with adjusted gross income of less than $5,000,Supplement T.

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Taxable Years
Beginning in 1945

SUBCHAPTER B-GENERAL

PROVISIONS

PART I-RATES OF TAX

Sec. 11. Normal tax on individuals.

Same as 1944.

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(b) Members of partnerships,— Supplement F.

(c) Insurance companies,-Supplement G.

(d) Nonresident alien individuals, Supplement H.

(e) Foreign corporations,-Supplement I.

(f) Individual citizens of any possession of the United States who are not otherwise citizens of the United States and who are not residents of the United States,-Supplement J.

(g) Individual citizens of the United States or domestic corporations, satisfying the conditions of section 251 by reason of deriving a large portion of their gross income from sources within a possession of the United States,-Supplement J. (h) China Trade Act corporations, Supplement K.

(i) Foreign personal holding companies and their shareholders, -Supplement P.

(j) Regulated investment companies, Supplement Q.

(k) Shareholders

of Personal

Service Corporations,-Supplement

S.

(1) Individuals with adjusted gross income from certain sources of $3,000 or less of less than $5,000, -Supplement T.

Sec. 4 (1), I. R. C., supra, amended by Sec. 5 (b) I. I. T. A. of 1944, by adding language in italics and omitting language in stricken-through type. Sec. 2 of said Act makes amendment applicable to taxable years, beginning after Dec. 31, 1943.

SUBCHAPTER B-GENERAL

PROVISIONS

PART I-RATES OF TAX

Taxable Years

Beginning before 1944

SUBCHAPTER B-GENERAL

PROVISIONS

PART I-RATES OF TAX

Section originated 1913, as Sec. A, Sub'd. 1, R. A. of 1913. For any amendments prior to 1944, see

Sec. 11. Normal tax on indi- Sec. 11. Normal tax on individuals.-There shall be levied, col- | viduals. lected, and paid for each taxable year upon the net income of every individual a normal tax of 3 per centum of the amount of the net income in excess of the credits against net income provided in section 25 (a). For alternative tax gross income from certain sourees $3,000 or less, see section 400)

Second Edition, p. 58,
Eighth Edition, p. 2.
Ninth Edition, p. 4.

Taxable Years
Beginning in 1949

credits against net income provided in section 25 and by reducing such tentative normal tax as provided in section 12 (c). For alternative tax which may be elected if adjusted gross income is less than $5,000, see Supplement T.

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credits against net income provided credits against net income provided
in section zo and by reducing such in' section 25 (a) and by reducing
tentative normal tax by 6 per sen such tentative normal tax by 5 per
tum thereof as provided in seccion centum thereof. For alternative
12 (c). For alternative tax which tax which may be elected if ad-
may be elected if adjusted gross in-justed gross income is less than
come is less than $5,000, see Sup- $5,000, see Supplement T.
plement T.

Sec. 11, I. R. C., supra, amended by Sec. 104 (a), R. A. of 1948, by omitting language shown in stricken-through type and adding language in italics. Sec. 105 of said Act makes amendment applicable to taxable years beginning after Dec. 31, 1947.

Sec. 11, I. R. C., supra, amended by Sec. 101 (a), R. A. of 1945 by omitting "(a)" and adding language in italics. Sec. 101 (d) of said Act makes amendment applicable to taxable years beginning after Dec. 31, 1945.

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Sec. 12. (b) Rates of surtax.- Sec. 12. (b) Rates of surtax. Sec. 12. (b) Rates of surtax. There shall be levied, collected, There shall be levied, collected, and There shall be levied, collected and and paid for each taxable year paid for each taxable year upon the paid for each taxable year upon upon the surtax net income of surtax net income of every indi- the surtax net income of every inevery individual a surtax deter-vidual a surtax determined by com-dividual the surtax shown in the mined by computing a tentative puting a tentative surtax under the following table a surtax determined surtax under the following table, following table, and by reducing by computing a tentative surtax and by reducing such tentative sur- such tentative surtax by 5 per cen- under the following table, and by tax as provided in subsection (c) tum thereof as provided in sub-reducing such tentative surtax by of this section: section (c) of this section: 5 per centum thereof:

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