U.S. Code » Title 26 » Subtitle Subtitle A— Income Taxes › Chapter CHAPTER 1— NORMAL TAXES AND SURTAXES › Subchapter Subchapter N— Tax Based on Income From Sources Within or Without the United States › Part PART III— INCOME FROM SOURCES WITHOUT THE UNITED STATES › Subpart [Subpart H— Repealed]

26 U.S.C. § 981

Repealed. Pub. L. 94–455, title X, § 1012(b)(2), Oct. 4, 1976, 90 Stat. 1614]

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[repealed]

Notes of Decisions
Cited in 10 cases, 1930–1981 · leading case: NORTHWESTERN JOBBERS'CREDIT BUREAU v. Com'r of Int. Rev.
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NORTHWESTERN JOBBERS'CREDIT BUREAU v. Com'r of Int. Rev. (1930) ca8 “Section 230 of the Revenue Act of 1926 (26 USCA § 981, note) imposed a corporation tax upon the net annual income of corporations, but section 231 provided for the exemption of “(7) Business leagues, chambers of commerce, or boards of trade, not organized for profit and no part…”
National Paper Products Co. v. Helvering (1934) ca9 · cites it 3× “253 , 282 [26 USCA § 981 note]), amounting to $158,374.”
Williams Inv. Co. v. United States (1933) cc · cites it 2× “The interest received by plaintiff from the government bonds was not subject to the normal income tax imposed by sections 230 of the Revenue Acts of 1924 and 1926 (26 USCA § 981 note), and it has not been so taxed.”
MacLaughlin v. Philadelphia Contributionship for Ins. (1934) ca3 “The Commissioner determined that the plaintiff should be taxed under section 230 (26 USCA § 981 note), which provides for corporations generally and that it was entitled to the deductions allowed in section 234 (a) (11), which provides: “(a) In computing the net income of a…”
Beneficial Loan Soc. of Bethlehem v. United States (1931) cc “39 (26 USCA § 981 note), provides for the tax on the net income of corporations in excess of the credits provided for in sections 236 to 263.”
Commissioner of Internal Revenue v. Brouillard (1934) ca10 “9 at 39 (26 USCA § 981 note); Revenue Act of 1928, c.”
Marquette Oil Distribution Co. v. Commissioner of Internal Revenue (1934) ca8 · cites it 2× “282 , see 26 USCA § 981 note): “In lieu of the tax imposed by section 230 of the Revenue Act of 1921 there shall be levied, collected, and paid for each taxable year upon the net income of every corporation a tax * * Section 230 of the Revenue Act of 1926 (26 USCA § 981 note):…”
United States v. Bibb Mfg. Co. (1934) ca5 “” It points to the tilings done administratively and otherwise, the re-tarn in the fall of 1925 accompanied by a one-fourth payment, an assessment, and another payment in January, 1926, all before the 1926 statute was enacted; the failure of the Gommissioner to make a…”
Rust-Owen Lumber Co. v. Commissioner (1934) ca7 “Section 234 (a) (8) of the Revenue Act of 192-6, 26 USCA § 986 (a) (8), provides that in computing the net income of a corporation subject to the tax imposed by section 230 of the act (26 USCA § 981 note), there shall be allowed as deductions, in ease of timber, a reasonable…”
Ward v. United States (1981) cc “is or her spouse, if they wished to do so, could elect to have the community property laws of the foreign country of residence inapplicable for such year and subsequent years to (1) earned income, (2) trade or business income, and a partner’s distributive share of partnership…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.