 Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included...  Laws of the State of New York - Page 761by New York (State) - 1935Full view - About this book
 | 1941 - 1688 pages
...Included In gross income and shall be exempt from taxation under this chapter:] (1) Life insurance. Amounts received under a life Insurance contract paid...Interest payments shall be Included in gross Income) ; § 19.22 (b) (1)-1 Life insurance; amounts paid by reason of the death of the insured. The proceeds... | |
 | United States. Board of Tax Appeals - 1939 - 1380 pages
...Section 22 (b) (1), Revenue Act, of 1934, provides for the exemption from tax of: (1) Lira INBOBANCE. — Amounts received under a life insurance contract paid...interest payments shall be included in gross income). Such a provision (except that "in installments" was used in lieu of "or otherwise"), was enacted as... | |
 | 1939 - 174 pages
...earned income not in excess of $500. '(3) LIFE INSURANCE. — Amounts received under a life-insurance contract paid by reason of the death of the insured,...interest payments shall be included in gross income) ; "(4) ANNUITIES, ET CETERA. — Amounts received (other than amounts paid by reason of the death of... | |
 | 1939 - 1030 pages
...be included in gross income and shall be exempt from taxation under this title:l (1) LiFE iNSURANCE. Amounts received under a life insurance contract paid...the insured, whether in a single sum or otherwise Unit if such amounts are held by the insurer under nn agreement to pay interest thereon, the interest... | |
 | 1940 - 1806 pages
...Included In gross Income and shall be exempt from taxation under this title : ] (1) Life insurance. — See also §§ 9.23 (a) -11 and 9.23 (e)-5.)*t [SEC. 23. Deductions from gross income.} [In computing m a single sum or otherwise (but If such amounts are held by the Insurer under an agreement to pay... | |
 | United States. Board of Tax Appeals - 1939 - 1702 pages
...in petitioner's gross income. In section 22 (b) (1) of the Revenue Act of 1928 1 it is provided that "Amounts received under a life insurance contract paid by reason of the death of the insured" shall not be included in gross income and shall be exempt from Federal income tax. In... | |
 | 1941 - 1166 pages
...surtax if the surtax net income is over $4,000. 2. The following items are wholly exempt from tax : (a) Amounts received under a life insurance contract...the death of the insured; whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
 | United States. Congress. House. Temporary National Economic Committee - 1940 - 1154 pages
...loan associations, but such dividends are subject to surtax if the surtax net income is over $4,000. (a) Amounts received under a life insurance contract...the death of the insured; whether in a single sum or in installments (but if such amounts are held by the insurer under an agreement to pay interest thereon,... | |
 | United States - 1965 - 1110 pages
...individuals). (c) Interest. If any amount excluded from gross income by subsection (a) or (b) is held under an agreement to pay interest thereon, the interest payments shall be included in gross income. (d) Payment of life insurance proceeds at a date later than death. (1) General rule. The amounts held... | |
 | United States - 1953 - 1744 pages
...payment of such amounts to the beneficiaries of an employee, paid by reason of the death of the employee; whether in a single sum or otherwise (but if such amounts are held by the insurer, or the employer, under an agreement to pay interest thereon, the interest payments shall be included... | |
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