INDEX Revenue Act of 1938, Amendments: Corporation dividends paid credit, re- newal of indebtedness ----------- Gain or loss- Assumption of liability not rec- ognized _ ------ ----_ ---- ---- Basis, adjusted------------------ Reorganization, definition of - ----- Substantially proportionate interests- Revenue Act of 1939 ------------------ Capital stock and excess profits taxes, declaration of value for capital stock purposes, 1939 and 1940---- Excise taxes and postal rates, continua- tion of ------------------------ Sporting arms and ammunition tax_ - - Toilet preparations tax amendments- Income tax amendments _____- -- - - - Banks and trust companies, tax on_ - - Capital losses, corporations -------- Charitable contributions, deduction for -_- --_ ----- ---- ---- --_- -- Commodity Credit Corporation, treatment of amounts received as loans from _----- ----- ----- Corporation tax, technical amend- ments made necessary by change in--------------------- Corporations- Capital losses ---- ____---------- Charitable contributions -------- China Trade Act---------------- Dividends paid credit, renewal of indebtedness---------------- Federal emplloyees' organizations, exemption from tax on - Improperly accumulating surplus, denial of net operating loss deduction to ---..- .- - Pan-American trade corporations, when deemed affiliated----- Possessions, deriving large part of income from sources within - Resident foreign _ --............ Special classes of, tax on-------- Tax on, in general-------------- Credits against tax- Foreign tax credit- Disallowance to sec. 102 cor- porations
Foreign subsidiary ._----------- Limit on credit --------------- Dividend carry-over for personal holding company tax --------- Domestic personal holding companies, capital losses ----------------- Estates and trusts- Employees' trusts, exemption from tax----------------------- Net operating losses ------------ Page 879 871 872 871 872 862 882 862 863 863 863 865 869 880 879 866 869 880 866 879 876i 868 881 866 866 864 863 876 876 876 881 869 876 868A Revenue Act of 1939-Continued. Income tax amendments-Continued. Foreign personal holding companies- Capital losses ----------------__ _ Net operating loss deduction, denial of----------------------- Foreign tax credit --------------- Gain or loss- Assumption of indebtedness ----- Basis of property ---------- . -. - Commodity Credit Corporation, amounts received from, as loans ---.................. Discharge of indebtedness ------- Recognition of- Assumption of liability not rec- ognized___-- --- ---- --- ___ Reorganization, amendment to definition of-__-__--___- - Substantially proportionate in- terests, requirement of----- Stock dividends- Basis under prior acts ------- Determination of period for which held -------.. .. ... Determination of period for which held under prior acts__ Distributions not treated as dividends---------------- Taxable years to which appli- cable --
Stock dividends and stock rights, basis of-------------------- Gross incomle- Deductions from-- Chiaritablle contri)butions .. Insuralnce coml)anies other than life or lutual -. -- ---- Net operating losses ---------- Definition amended .------------ Exclusions from- Discharge of indebtedness, in- come from---------------- Insurance companies other than life or mutual, definition for personal holding company tax_ Inventories------------------- Insurance companies- Life--------------------------- Net operating loss deduction. - - Mutual, other than life ---------- Net operating loss deduction ----- Other than life or mutual ------- Deductions of--------------- Gross income, definition for per- sonal holding company tax - Inventories in certain industries - -- Investment companies, mutual, tax on ------------------------- 866 Page 869 869 876 870 871 879 875 870 870 870 874 873 874 873 874 872 881 867 574 875 881 877 865 868 865 868 865 881 881 877 XCVII 'vv
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