302 SIXTY-FIFTH CONGRESS. Sess. I. Ch. 63. 1917. · th t t l tax rescribed in section one of this wm mmm m Adi. iliiitil vdrii Eiild (iilltiexaliiiiilaqili; first, Iiiineteen hundred and eighteen ' and thereafter onl one two per centum normal tax shall be deducted and withheld at the source imder the_prov1sions of such subdivision byFrgfd¤{;gn{¤ P¤Y¤'>*° (c), and anydfmtéllieg normal tax go; wtlncgi ghe trecapient 0; tslpch incpme ` liabl A t or suc c o ep em er eig _, nine een liiundreid iihdegixteen, is amended by this Act, shall be paid by such recipient. _ _ _ _ Md**¤¤¤=¤*·*°!**°· S . 4. That addition to the tax 1m osed by subdivision (a) of T M mmum sectiidzn ten of snigh Act of September eighth, nineteen hundred and
- °°"·Pp·”“·*°"5· sixteen, as amended By this Act, there shall be levied, assessed,
collected, and paid a e tax of four per centum upon the income received in the calendar year nineteen hundred an seventeen and every calendar year thereafter, by every corporation, joint-stock compan or association, or insurance company, subject to_ the tax
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m e ’°°"°”' fiscal year ending during the calendar year nineteen hundred and seventeen shall be levie , assessed, collected, and tpaid only on that $'°"°‘“°Er§€ iYf$"‘Z.?£‘°£3§§§‘§(i §f.‘3"L§'€§f¤tZ£‘Q°i?.ud°»£2“§..db§?`§SE£ anu e n Escalagiiiar beizrs to the whole of such Escal yea.i·. _ mgiizzgmms, pw- The tax by this section be computed, levied, assessed, "°"""'°`”‘ £H€i"°i’s.£‘$m”“idd“£§’“$i‘§i$.."EZ$".‘&°2..12i‘£L“a*i;°0?“§.‘£h”°E§`5`3¥ e e s September eighotii, nineteen hundred and sixteen, as amended by this Act except that for the purpose of the tax 11nposed_ by this _ section the inoomeembraced a return of a corpcrationgomt-stock Grunt !¤rd`3u·1¤¤¤i or°asspc1ation,dor 1(rilsurzpncgs compaply, ethz]; eflcrgldlttiifg ae. wi am un receive as V1 en upon e s or o net earnings of any other corporation, joint-stock company or asso- ‘ ciation, or insurance company, which is taxable upon 1ts net income asgirovided in this title. pgfff R‘}%‘}¥§m},°L Ec. 5. That the provisions of this title shall not extend to_P01‘t·0 P*¤¤ I=*·*¤¤¤¤- Rico or the Philiplpme Islands, and the Porto Rican or Phll.1P{)1B9 Legislature shall ave power by due enactment to amend, a tel', modify, or Irspeal the mcome tax laws in force in Porto R100 01* thé Philippine ands, respectively. '“'u$i§`E ”°"” TITLE II.—WAn Exonss Proms Tax. v . , . .
- fg“?’?°'?“tl;Fi_L“3j°· Sec. 200. That when used in this title- _
_The term f‘corporation" includes joint-stock companies or asso- HI __ cmtions and insurance companies; ' The term "domestie" means created under the law of the United ,,,_.__,¤_,, 0}; of any Stat:édTerrg:orytl\or1aDist1%ict theignf, and the te? reign means crea un er e w o o er possession "*c··*···* Sm" °h’ril.“£T’d i°*`ii°"&‘&°§.t1‘“t.Z'si*’”ig” °°$"ya‘iiDi°'°“‘”tii’“ii t · Limiuum. uu m means 0 t tes rm ones wwwa N ,, ofrléllgska and Havlsgixii, and the Distérhict oi Feliumgiaf S; 9 D6 ` _ " eyear" means t ths ` coinber thirty-Hist, exceptin in the caseibfviiecbe Ibliisiizionedi magtnershi which has ami · Em · · rp · P 5 Fm yan mt its own al year, m which case it means such ESG e n un an t 1; case ’a¤.°",.i£.`€‘€ .‘}.L?“t.*§"i}"°d¥;'3‘ 8%**** "°&$ ’°“ °“£LEg·”2°i.°““”°' of 8 ¤0b1;,p0t1i;¤f·i<£i!;c 3 partnership wfdlinlgis Hnerlxiigpown iisiziil yiiar, it . ° YW ¤d1¤g' ¤¤‘mg` th alend teen ,§,"?,§‘,{,‘,,,°‘§,{‘{ "’“' hundred andpeventeen. Gif a eorpemtioncdi ];J11{lgI`_ to March first, mneteen hundred and eighteen, mags a return covering Ne °‘m £S°°It£'B6¤¤'» md 1¤¤}\1d•j£ therein the income received dun¤g that part of Bseal year falling within the calendar year nineteen
