34 SIXTY—N IN TH CONGRESS. Sass. I. C11. 27. 1926. ‘“°°“‘ ‘“‘- plcgger, or employees, or both, for the purpose of distributing to su employees the emnmgs and principal of the fund accumulated _ bx the trust in accordance with such plan, shall not be taxable under “£,§`;‘§‘;“°,§_1?’9,E•‘{jf°°°“ thus section, but the amount actually distributed or made available to ang dxstributec shall be taxable to him in the year in which so _ dl8tf.`1 uted or made available to the extent that it exceeds the C’°""*‘ ““°W°"· amounts paid in bge him. Such distributees shall for the purpose of the normal igax allowed as credits such part of the amount so distributed or/made available as represents the items specified in I subdivisions (ai su1do(b) of scctionr216. t . ¤,,_,'{,§"}Z?;‘§,t’Q’c‘{{,d0’§'i‘§,' ( )= Where t_ e grantor of a· trust has, at any time during the ¤¤¤*¤f¤¤¤¤¤¤‘· uxgble year, mthern alone or` in conjunction with an person not a. beneficaary of the trust, the.power to revest in himsefi title to any part of the corpus of the trust, then the income of such part of the {rust for such tax/a.b1e yea1· sh¤11;be·included in computing the net D, t _b H ( mcome of the grantor. A =; _; _ mS;%§¤Q0H*;et‘j)¤ml{t‘j)’l§j _ (11) Where Nauy part of thelnmcome of u trusymay, me the dLscrc· ge., x¤c1¤(1»¤ an nm mon of the grantor ofythe trust, 61thBI‘ alone or m c0n`unct,i<m with °°m°‘ any person not sn beneficiary of the trust, be distrgbuted to the grantor or be held or accumulated for future distribution to himn or where any part; of the income of a. trust is or may be applied to the_pa.ymcnt of premiums upon policies of insurance on the life of the g·1·antor éexcept policies of insurance irrevooub1 payable for the purposes an in the manner specified in pa1·agrap¥1 (10) of subdi· vision (a,) of section 214), such part of the income of the trust shall be included in computing the net income of the grantor. byExY]°$°§£(;K§°{¤O§Tr°°x°° » EVASION or sunuxms mr mcom·oxAmox _ m?p°Zxmz??¤sin$°X3I°m3{ Sm. 220. (a) _If anfy corporation, however created or ofganizgd, letgrg wigs; cw-. iz is formed or availed 0 for the purpose of %revent11;§1t.he impoeimon
- §mhd°{$,,_ e °° of the surtsx upon its shareholders throng the m 'um of permit-
ting its gains audsgrofits to ucc »u1a,te instead of being divided or distributed, there all be levied, collected, and paid for each taxable your uponthe not income of such corporation a bex equal to 50 per Aqditiouol eo me ceutum of the ¤·m0uI;t ‘)hB[6Df,VWhiGb, shall be in addiuonnto the tax °°}?§.$?§§?§`9?”x‘ imposed by section 230 of this title and [shall gexcept as rovided in ` subdivision (dgmgf this section) be compute ,» co11ect»e<£ and paid upon the same is and in the {same manner and subject to the same provisions of law, including penn.Ities,_as_thut tax. _ V c ` .,}§E§§`{L",I° °' "“"`°‘° (b,) The fact that any corporation is a. mere holding or investment company or that the gains orfprofits are permitted to accumulate beyond tim reusonab1e.ncedse(o the business, shall be prima, facie stm t I '_ evidence of a purpose to escape the snrtgx. _ A a _ mmeS,21eZ?»¤Y»e§{§$ZC (0) Wh6¤»I§1¤¤¢¢d by t·h9VQ0mI¤l$S10D&I§, or copy collector, every moratnon sh » forward L0;h1m a correcq igtpmeng of such gains , profits ,an<1it—he;names and addresses of -t comdxviduals mas me- holdorsyvho would be entitled; to the same if divided or distributed, “ and of the Amount? thai; would be psggbleofo (cache » , · m’,§{§&“,f8““,,,§§_ “°° ’“' (d) As used in his section the te nep, ` cdrne " means tlya net
A incomq sqglofincd, in qection 2B2,£incregsc@ ,b_yi3i,o_sum of the`urnount
’ ` of tlreydeductionygallogvved UI1d{01;;FK`i'&g}#$LR¥] (6) of spbglivision (a) ¤f ‘e$§§¤¤¤ 2§4»;e¤¤d?¢b~¤·e¤>¤¤¤t ¤ ·¢h¤,1zs¥¢fe;@`.n¤¤vfp?{1hee!;i¤¤¤ of the Um _.St¤§es xssued gfper Sepgembex: 1;)191> vying yvguravne sub- ject to tax m wholeror m part ll). tpgjhqndg; , M_¥LQd1V1dl1$1 owner. Addttionai tax not . - . . . . _ , _ muy; gcgeuggg _o (¤)_ The tex meme by @{18 he-;S¥°‘$@¥°’% SPN **0* inmmeofsmhdm. apply rrgrewf ef e¤¤y·t¤x¤b!¤ ywtclf ¤ 2_¤1$e,ei1af¤h¤ide¤¤ ef the <;¤¤P9rw¤¤;m¢Iude {ut the; tame Of-HIi11g'tI1€lT3I€tUZ'HS) _i¤"thm gross income their enfire Histribixtive share; whether distributed or not, of the net income of the corporation for such year. 'Any amount
