 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...shares. — The tax imposed by this section shall not apply if all the shareholders of the corporation include (at the time of filing their returns) in their...pro rata shares, whether distributed or not, of the " adjusted net income " of the corporation for such year. Any amount so included in the gross income... | |
 | United States. Congress. Senate. Committee on Finance - 1936 - 1060 pages
...shares. — The tax Imposed by this section shall not apply If all the shareholders of the corporation include (at the time of filing their returns) In their gross income their entire pro-rata : bares, whether distributed or not, of the retained net income of the corporation for such... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...corporations engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro-rata shares, whether distributed or not, of the net income of the association or corporation for... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...corporations engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro-rata shares, whether distributed or not, of the net income of the association or corporation for... | |
 | United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 520 pages
...surtax. (d) The tax imposed by this section shall not apply if all the shareholders of the corporation include (at the time of filing their returns) in their gross income their entire distributive shares, whether distributed or not, of the net income of the corporation for such year.... | |
 | United States. Congress. Senate. Committee on Finance - 1939 - 780 pages
...corporations engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro-rata shares, whether distributed or not, of the net income of the association or corporation for... | |
 | United States. Congress. Senate. Committee on Finance - 1938 - 768 pages
...— The tax imposed by this section shall not apply if (1) all the shareholders of the corporation include (at the time of filing their returns) in their...pro rata shares, whether distributed or not, of the retained net income of the corporation for such year, and (2) 90 per centum or more of such retained... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...corporations engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro-rata shares, whether distributed or not, of the net income of the association or corporation for... | |
| |
... engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro rata shares, whether distributed or not, of the net income of the association... 
