The Washington herald., 1909-06-26
CORPORATION TAX AMENDMENT.

with the approval Of the Secretary OF the /
Treasury, shall prescribe. sering forth,
first. the total amount OF the paid-up cap 1
ital stock OF such corporation, joint stock [
company or association, or insurance 1
company outstanding az the close OF the /
year; second. the total amount Of the I
bonded and other Indebtedness Of such I
corporation. joint stock company or as I
ISOLATION. or Insurance company; third. I
the gross amount Of the income OF such +
corporation. joint stock company or as 7
ISOLATION, or insurance company received /
during the year from all sources. !
and II organized under the laws Of a
foreign country the gross amount Of
It's income from business transacted and
capital Invested within the United states
and any Of It's Territories, Alaska. and
the District OF Columbia: fourth. the
amount received by such corporation,
Joint stock company or association. or in
surance company within the year by way
Of dividends upos stock OF other cor
pOratiOns joint sock companies or asso-
citation. OF insuratCe companies subject 20
the tax imposed 10 this section; fifth, the
total amount OF all the ordinary and
/ necessary expenses actually paid out OF
earnings In the maintenance and opera
ton OF the business and properties 81
such corporation. joint stock company or
/ association. or insurance company within
/ the year. and II organized under the laws
/ OF a foreign country. the amount SO paid
/ In the plaintenance and operation OF It's
| business within the United States and its
/ Territories Alaska. and the District OF
I Columbia; sixth. the total amount o. all
| losses actually sustained during the year
and not compensated by insurance or 9th
erwise. stating separately any amounts
! allowed for depreciation Of property, and
/ IN the case Of Insurance companies the
/ sums required by law 20 be carried 70
/ premium reserve fund. and In the case
I Of a corporation. joint stock company or
| association. or insurance company organ
| lied under The laws OF a foreign country
/ all losses actually sustained by Il during
1 the year IN business conducted By II
within the United States or SIS Territories.
! Alaska. and the District OF Columbia not
! compensated by insurance or other
| wise. stating separately any amounts
| allowed for depreciation OF property,
and in the case OF Insurance com
panies the sums required by law 20 be
carried TO premium reserve fund; seventh.
the amount OF interest actually paid with
IN the year on its bonded or other IN
debtedness TO an amount OF such bonded
and other indebtedness not exceeding the
pai0-up capital STOCK or such corporation.
joint stock company or association. or
/ Insurance company outstanding az the
close OF the year, OF. in case or a cor
poration. Joint stock company or associa-
tion, or insurance company. organized IN
der the laws OF a foreign company, In
terest so paid on its bonded or other In
tdebtedness, 70 an amount OF such bonded
and other indebtedness. not exceeding the
proportion OF its paid-up capital stock
outstanding al the close OF the year which
the gross amount OF its income for the
year from business transacted and capital
Invested within the United States and any
OF its Territories, Alaska, and the Dis
trict Of Columbia bears 10 the gross
amount OF its income derived from all
/ sources within and without the United
States; eighth, the amount paid BY i
within the year for taxes imposed under
the authority OF the United States or any
State or Territory thereof; ninth, the net
income Of such corporation. joint stock
company or association. or insurance com
pany. after making the deductions IN this
section authorized. All such returns shall
as received be transmitted forthwith By
the collector TO the Commissioner OF In
ternal Revenue.