Exemption of Federal Farm Loan Bonds Form Taxation, Hearings Before ..., 66-2 on S. 3109 ..., January 10, 12, and 13, 19201920 - 141 Seiten |
Häufige Begriffe und Wortgruppen
33-year loan acres agricultural ALLEN amortization amount annual applications average benefit borrower capital Cass County cent interest CHAIRMAN charge commission committee Congress cost County of Cass debt dollars earnings excess expenses farm lands farm loan act Farm Loan Board favor Federal Farm Loan Federal land banks financing FINLEY gentlemen Government HUSTON income tax increase insurance companies interest rate invested investors Iowa joint joint-stock land banks land bank bonds land bank plan LEWIS Liberty bonds Lillstrom limit loan bonds ment Minn Moines Montana municipal bonds national bank operate organized paid payments pending production profit purpose question RAMSEY rate of interest reason securities sell Senator GRONNA Senator HITCHCOCK Senator NORRIS Senator OWEN small farmer South Dakota statement Stock Land Bank subsidy tax exemption tax-exempt bonds tax-free bonds taxation tion TRAYLOR United WOOLLEN
Beliebte Passagen
Seite 125 - Under 1 year 1 year 2 years 3 years 4 years 5 years 6 years 7 years 8 years 9 years 10 years 11 years 12 years 13 years 14 years 15 years 16 years 17 years 18 years 19 years 20 years 21 years 22 years • 23 years 24 years 25 years 26...
Seite 6 - That every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation...
Seite 61 - Washington, DC The committee met at 10.30 o'clock am, pursuant to adjournment on yesterday, in room 224 Senate Office Building, Senator James E.
Seite 6 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Seite 6 - Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation.
Seite 7 - It is as important that financial machinery be provided to supply the demand of farmers for credit as it is that the banking and currency systems be reformed in the interest of general business. Therefore, we recommend and urge an authoritative investigation of agricultural credit societies and corporations in other countries and the passage of State and Federal laws for the establishment and capable supervision of organizations having for their purpose the loaning of funds to farmers.
Seite 119 - ... the southeast quarter of the northwest quarter of the southwest quarter and the northeast quarter of the southwest quarter of the southwest quarter and the...
Seite 6 - ... state upon the shares of any of the associations authorized by this act shall not exceed the rate imposed upon the shares in any of the banks organized under authority of the state where such association is located : Provided, also, That nothing in this act shall exempt the real estate of associations from either state, county, or municipal taxes to the same extent, according to its value, as other real estate is taxed.
Seite 37 - An act to provide capital for agricultural development, to create standard forms of investment based upon farm mortgage, to equalize rates of interest upon farm loans, to furnish a market for United States bonds, to create government depositories and financial agents for the United States, and for other purposes.
Seite 114 - Federal farm loan bonds have not sold nbove 108, although they have sold steadily above par. " It is for this reason that the main argument in favor of exempting Government bonds from the income tax breaks down. Under a system of proportional taxation it is probably true that tax-exempt bonds of the Federal Government would sell at a premium corresponding roughly to the capitalized value of tax exemption, and thus yield a greater return to the Government. But under a system of progressive taxes the...