Invested capital rules for the excess profits tax explained
The article defines invested capital under the excess profits and war tax law, differentiates tangible and intangible property, and outlines how to compute average invested capital for a year. It covers adjustments for additions and deductions, including specific rules for pre and post March 3, 1917 intangibles and how to handle changes within the year. It also gives a worked example with a $100,000 base, a $6,000 increase, and a $5,000 decrease, illustrating the monthly averaging method and handling for foreign corporations.
MENTIONED IN THIS ARTICLE
Thomas H. Ray
Daily and Sunday Post
Ray
United States
State House Briefs Cover Annexation Talks and Budget Measures
A joint debate before the towns committee featured Senator Hardy and Representative Bidwell over a proposed annexation near West Stockbridge and Great Barrington with a public hearing scene to be set on neutral ground. State Treasurer Burrill awarded a bond issue over 1 million for public improvements. Chairman Adams urged restrictions on fishing stock to prevent extinction. Street railways committee eyed fares for schoolchildren and guard rails at stations. Taxation panel recommended refunds for erroneously paid taxes to Elizabeth D Barnett via guardian Mrs. Bartlett.
MENTIONED IN THIS ARTICLE
Committee On Towns
Hardy
Huntington
West Stockbridge
Bidwell
Great Barrington
Burrill
Ludwig Eisemann
Summer Street
Boson
Committee On Street Railways
Elevated
The
Transit Commission
Charles and
Leverett Streets
Public Service Commission
Cambridge
Bay State Company
Committee On Taxation
George W. Bartlett
Newton
Elizabeth D. Barnett
Fast Pepperell Baby Joins Honor List
Violet Alice Minnie Dow of East Pepperell is listed as a healthy baby. At four months she weighs 22 pounds and is 31 inches long with a 19 inch chest and two teeth, daughters of Mr. and Mrs. Clarence R. Dow feel she upholds Massachusetts' honor in healthy babies.
MENTIONED IN THIS ARTICLE
Fast Pepperell Baby
Violet Alice Minnie Dow
East Pepperell
Clarence R. Dow
Massachusetts
Pepperell
New England
Restoration of annual elections gains broad support in committee
Labor leaders civic groups and union officials urged restoring annual State elections, opposing biennial voting. Meanwhile Fisheries and Game Commission held a two day session with deputy commissioners presenting locality condition papers and remarks by For bush Donovan Kimball and the commissioners.
MENTIONED IN THIS ARTICLE
Chickett
Payme
Committee On Joint Judiciary
Meads
Department of Labor and Industries
Committee On Constitutional Amendments
R. L. Bridgmen
Eben W. Burnstead
Massachusetts Civic Alliance
Charles J. Hodsdon
American Federation of Labor
W. T. McMenimen
The
Brotherhood of Railroad Trainren
W. T. Eagan
Street Railway
Fisheries and Game Commission
Howard H. Forbush
James J. Donovan
Board of Retirement
Fred H. Kimball
State Associates
Congress to Aid Pilgrim Celebration
A joint resolution was introduced in the House proposing a congressional commission to coordinate with Massachusetts for the 300th anniversary of the Pilgrims landing at Plymouth. Rep Walsh of Massachusetts introduced the measure.
MENTIONED IN THIS ARTICLE
Congress
Washington
Massachusetts
Plymouth
Walsh
Three Thugs Sent to Cells in Superior Court
Rev. Charles Talmage of Charles town testified after being robbed of 14 by three youths. William McCarthy Edmund Lowe and William J McLaughlin faced sentencing. McLaughlin drew 1 1 2 to five years, McCarthy three to six years, Lowe faced 2 1 2 to five years with prior Plymouth county sentences.
MENTIONED IN THIS ARTICLE
Charles Talmage
Charlestown
Superior Criminal Court
Aiken
Willam McCarthy
Edmund Lowe
William J. McLaughlin
Uno McLaughliin
Metall
Bridgewater
McCarthy
Nara
Cancer Reformatory
Plymouth County Court
Lowe
Plymouth County
Also Mentioned on This Page
Foreign Corporation
State House
Adams
Commission On Fisheries
Committee On Fisheries and Game
Commonwealth
Lowen Age Grmn
Lowell Textile School
New Bedford
Wall River
Cumnock
Lowell School
George L. Barnes
New Haven Road
Committee On Raiilroads
Boston
Phinney
Barnes
Gus Reed
West Bridgewater
Committee On Education
Taorndike
Committee On Banks and Banking
Shreve, Crump and Low Company
Tremont Street
Brockton
Beverly
Hyde Park
Lynn
Providence
Springfield
Kennedy’s
Hawley Streets
E. W. Grove
Worcester