Testimony Received in Consideration of H.R. 7491 and Related Bills: Hearing Before ... , 91-1 on H.R. 7491 ... , May 26, 1969 |
Vanlige uttrykk og setninger
Agricultural Bank Agricultural National Bank amended Association of Tax Banking and Currency banks for sales Berkshire County BERTRAM BERTRAM L bill to clarify Chairman chartered banks clarify the liability commercial banks Committee on Banking Commonwealth of Massachusetts competitive Comptroller Currency Committee D.C. DEAR CONGRESSMAN DEAR CONGRESSMAN PATMAN DEAR CONGRESSMAN PODELL DEAR REPRESENTATIVE PODELL DEPARTMENT OF REVENUE enacted favorable federal instrumentalities Federal Reserve System fiscal Florida Government House of Representatives House Office Building income legislation letter of October liability of national loss of revenue Maryland National Bank Act national banking associations October 11 Owensboro Pennsylvania personal property taxes refunds resolution result revenue loss sales tax sales to National Sincerely Stat State-chartered banks supra Supreme Court decision tangible personal property Tax Administrators Tax Commission Tax Commissioner tax immunity tax national banks taxation of national taxes on national tion U.S. Representative U.S. Supreme Court United States Code Washington WRIGHT PATMAN York
Populære avsnitt
Side 39 - State, subject only to the two restrictions that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such State, and that the shares of any national banking association owned by non-residents of any State shall be taxed in the city or town where the bank is located, and not elsewhere.
Side 32 - ... 3. Nothing herein shall be construed to exempt the real property of associations from taxation in any state or in any sub-division thereof to the same extent, according to its value, as other real property is taxed.
Side 32 - State within which the association is located: but the legislature of each State may determine and direct the manner and place of taxing all the shares of national banking associations...
Side 30 - State coming into competition with the business of national banks: Provided. That bonds, notes, or other evidences of indebtedness in the hands of individual citizens not employed or engaged in the banking or investment business and representing merely personal investments not made in competition with such business, shall not be deemed moneyed capital within the meaning of this section.
Side 39 - In case of a tax on or according to or measured by the net income of an association, the taxing State may, except in case of a tax on net income, include the entire net income received from all sources...
Side 30 - ... (d) In case the dividends derived from the said shares are taxed, the tax shall not be at a greater rate than is assessed upon the net income from other moneyed capital.
Side 32 - The legislature of each State may determine and direct, subject to the provisions of this section, the manner and place of taxing all the shares of national banking associations located within its limits. The several States may (1) tax said shares, or (2) include dividends derived therefrom in the taxable income of an owner or holder thereof, or (3) tax such associations on their net income, or (4) according to or measured by their net income, provided the following conditions are complied with:...
Side 39 - ... in case of a tax on net income, include the entire net income received from all sources, but the rate shall not be higher than the rate assessed upon other financial corporations nor higher than the highest of the rates assessed by the taxing state upon mercantile, manufacturing, and business corporations doing business within its limits...
Side 23 - Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska Nevada New Jersey New York North Carolina Ohio...
Side 39 - ... States and also imposes a tax upon the income of individuals, may include in such individual income dividends from national banking associations located within the State on condition that it also includes dividends from domestic corporations and may likewise include dividends from national banking associations located without the State on condition that it also includes dividends from foreign corporations, but at no higher rate than is imposed on dividends from such other corporations.