The sun., 1919-02-07

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stool. or sbares ~ tho ooroor..,o, .,,.
etanding % Enc hos,n,f, 49,
able wear. but
M AZ used In th,, ,,,,o e.. .,,,,
Invested capital' does moi Include
(c) There shall be deducted Sror, ,,-
vested capital as above deened a ner.
centaRe thereof equal 70 tho noroontooa
which the amount OF inadmissihle asset.
Is of the amount OF admissible and in.
admissible assets held during the taxable
year:
The Invested capital for any period
shall be the average invested capitaI
for such period. but in the case OF n
corporation making n return for a frac-
tional part OF year, IL shall (except
for the purpose OF paragraph (2) Of sub
division (a) of section GID be the same
fractional part of such average invested
capital.
The average Invested capital for the
pre-war period shall be determined by
dividing the number OF years within that
period during the whole OF which tho
corporation was in existence into the
sum or the average invested capital fof
such years.
That In the following cases the tax
shall be determined as provided In sec
ton 32s:
10, y,ara ,,o ,,o,,,,,,,.a,.t
g., aa,or.'t, A., ,n.,, ,. 20 u"aoIe
vided In soo,tnn aoe ' ~
ny 7, tha raso =. ,o.o,. .
tion '''' >"'' VI 'o'e's" corpora
10, y,,ho,o , ,.,,u,
yih,a nronsr,y ana ir,ann,,ia ...
10, 49, - T., p.iS
ava noraa 60, a., ,cf ". to' e'oIN
able sot,sractorit,, ,o ,a,a.,,t,, -, w
snertive valye. ~ ,ba .o,,arn, oi,n VIC
nronar,,, ~. 81. -, ..o'eo VI
Iis,,n,,,,sh ,ha o,assa . y.
In for s,ocL ana Co.. L,.au 1890 :. p%'u
fdI Iyha,a 49, nnnii,.ts ~;
cornorat,on tho Comm,ss,onsr ans, ~
90 decIarn. ~ rscora ,,,a, ~ az
,ar,,,,naJ ,,,tho,,. he,aa, - - u
,,o,,i1 o,.,na ~ ahnar,,,a, .,ii,
fsct;n. ,na eon;,a, ~ ;nao 10 IN a..
,ora,io, - - a. Y. nc vi
n,oar,in,oI ha,sah,,, ,,t,, 800, t'"'' on
ai.nronnr,ior ha,,,..n, 49, ~, ~ $50
y,i.ho,,, hanoe, 30 ,h,s 80 .,
80 eo,,,,,,.al h., Gnu VIC
.an,ot;,.a 1o,,,o,o, tars sia, i eI,S
aos tn. .,h5i,,isia,, I'll -. -. S., ~
any casa * In Which tho tax Ton pr', ~
without henef,t NJ mis- section, H. MOI,
merely because the cornoration oornsa
within the taxah,e year n biyh rot. ~
nrotita unon pornaI ,nyested can,t.i
nor 20, in which 5o mar car,,fn, or go
of the gross income of the corporation Tor
the taxabIe wear COMMITTED under soc.
zion oa1 Of ttIa JII consie,e n, oai,,
nroats commissions or otber INCOME do,
rived on n cost Mus basis from n Coz.
ernrpant con.r,c, mr. contract. n,,da No
tween Anti & 1aI- and Nnysmhnr -
1918 both datea Inclusive
Sec s9s CaI In the 1908 snecit,ad :,
sactior 95- tLe Tow sha,, ~ t,,a a,,o,,,,,
,.r,ieS - ~, 'o a'o.
INCOME NJ tho ,oxna,.ar IT., oxoa.s -. 49,
snecif,c examnt,on a, "a oooS tor ti' 'e
axable wear as tho average ,ax ~ renra-
sentative co,noratione orgayad l., :, Iueo
~ si,,ilar ,r,da ~ ,,,si,a,, -, o.,
their ayerog. no, iroon,a IT,, 49,, -,
,no snao,ea ro,n.io ., oooI w
s,,ch a. T., a. go ti ~
noration tho tax sboIl IA aor,n,,,oS ,,.i,,,
ont deducting tho s,,srIe,, eyo,,,',ion -,
"a OOO either Tor tho taxnayar ~ .h.
ranra,or,a,i,.o .n.no.a., ~ VIC
In committing tho tax ,,raa. ,i,;s no,
.ion th. corr,is,in,a ..am o H.
taxno,.srs o,,I,. n.,,,, VIC
nora,iors ,hns. ,n,o.',as -, W
satisfac,o,iI,. ,a,a.i,, -,
sos ana ,,t,;.,, 49,. n''ue' so ',o''
sin;iarIy o,ro',,,,,.,n w,
cross ;voo,, -. WIN Iespec' 10
mi, 20 h,,... N.oe, P'o"'s per
a,rn,.s t'ansactea ana capita!
nroits or 800 Ia. anu is'e o' war
reIev.,t ,,c.s 90, n,o a"u an o'"er
nv Eor ~ r,,r,. =. ,.S.,''t.
the ratios hotnoar ~ - "a,
the overoga ~, ,rao w taN anu
sn.m "a ~ ,enta'iHe
Co,nrissioTo, ia aooo.a,,tI ~ oE tl'e
toms nroscrihoa m''
nroyaI ~ ~ cao.ot I'''' WI" '"' "p'
In cases u, ,,I,i,,,
nu,ed und.r ,hjs $50 ~. co'I'-
comnu,aI n';,tnr, e. go. Wv AN as
ton is less ,b,n IN ~ oa,,'', y, ,.;S So
income NJ +he t,yna,,a,. ~ t.. % -, rne ny
shall IN tho ers, &c., ,'e III se..i,.,el1s
49, .h ~. b sas ".s' instance De computed
=, ~ computed Is oo per centum or more OF
in the FIRST instance be computed unou
the basis Of a tax equal to 30 Der centum
of the net income. In anv case the
actual ratio when ascertained shall he
used in determining the correct amoun,
OF the tax. II the correct amount O. the
tax when determined exceeds so Der
centum of the net income any excess Of
the correct ine:allments over the amounts
actually paid shall on notice and demand