State Of New York et al v. Mnuchin et al

Filing 47

DECLARATION of Owen T. Conroy in Support re: 44 CROSS MOTION for Summary Judgment .. Document filed by State Of Connecticut, State Of New York, State of Maryland, State of New Jersey. (Attachments: # 1 Exhibit 1, # 2 Exhibit 2, # 3 Exhibit 3, # 4 Exhibit 4, # 5 Exhibit 5, # 6 Exhibit 6, # 7 Exhibit 7, # 8 Exhibit 8, # 9 Exhibit 9, # 10 Exhibit 10, # 11 Exhibit 11, # 12 Exhibit 12, # 13 Exhibit 13, # 14 Exhibit 14, # 15 Exhibit 15, # 16 Exhibit 16, # 17 Exhibit 17, # 18 Exhibit 18, # 19 Exhibit 19, # 20 Exhibit 20, # 21 Exhibit 21, # 22 Exhibit 22, # 23 Exhibit 23, # 24 Exhibit 24, # 25 Exhibit 25, # 26 Exhibit 26, # 27 Exhibit 27, # 28 Exhibit 28, # 29 Exhibit 29, # 30 Exhibit 30, # 31 Exhibit 31, # 32 Exhibit 32, # 33 Exhibit 33, # 34 Exhibit 34, # 35 Exhibit 35, # 36 Exhibit 36, # 37 Exhibit 37, # 38 Exhibit 38, # 39 Exhibit 39, # 40 Exhibit 40, # 41 Exhibit 41, # 42 Exhibit 42, # 43 Exhibit 43, # 44 Exhibit 44, # 45 Exhibit 45, # 46 Exhibit 46, # 47 Exhibit 47, # 48 Exhibit 48, # 49 Exhibit 49, # 50 Exhibit 50, # 51 Exhibit 51, # 52 Exhibit 52, # 53 Exhibit 53, # 54 Exhibit 54, # 55 Exhibit 55, # 56 Exhibit 56, # 57 Exhibit 57, # 58 Exhibit 58, # 59 Exhibit 59, # 60 Exhibit 60, # 61 Exhibit 61, # 62 Exhibit 62, # 63 Exhibit 63, # 64 Exhibit 64, # 65 Exhibit 65, # 66 Exhibit 66, # 67 Exhibit 67, # 68 Exhibit 68, # 69 Exhibit 69, # 70 Exhibit 70, # 71 Exhibit 71, # 72 Exhibit 72, # 73 Exhibit 73, # 74 Exhibit 74, # 75 Exhibit 75, # 76 Exhibit 76, # 77 Exhibit 77, # 78 Exhibit 78, # 79 Exhibit 79, # 80 Exhibit 80, # 81 Exhibit 81, # 82 Exhibit 82, # 83 Exhibit 83, # 84 Exhibit 84, # 85 Exhibit 85, # 86 Exhibit 86, # 87 Exhibit 87, # 88 Exhibit 88, # 89 Exhibit 89, # 90 Exhibit 90, # 91 Exhibit 91, # 92 Exhibit 92, # 93 Exhibit 93, # 94 Exhibit 94, # 95 Exhibit 95, # 96 Exhibit 96, # 97 Exhibit 97, # 98 Exhibit 98, # 99 Exhibit 99, # 100 Exhibit 100, # 101 Exhibit 101, # 102 Exhibit 102, # 103 Exhibit 103, # 104 Exhibit 104, # 105 Exhibit 105, # 106 Exhibit 106)(Conroy, Owen)

Exhibit 29

SIXTY-FIFTH CONGRESS .

330

Suss. I. CH. 63 . 1917 .

and the compensation of all officers and employees of a State, or an
political subdivision thereof, except when such compensation is paid
by the United States Government ."
Deductions allowed
Sxc . 1201 . (1) That paragraphs second and third of subdivision
citizens or residents .
Vol . 39, p. 759, amend- (a) of section five of such Act of September eighth nineteen hundred
ed .
and sixteen, are hereby amended to read as follows :
Interest
paid
on
"Second . All interest paid within the year on his indebtedness
debts.
Exception,
except on indebtedness incurred for the purchase of obligations or
securities the interest upon which is exempt from taxation as income
under this title ;
General taxes .
"Third . Taxes paid within the year imposed by the authority of
Income and excess
profits excepted.
the United States (except income and excess profits taxes) or of its
Territories, or possessions, or any foreign country, or by the authority
of any State, county, school district, or municipality, or other taxing
subdivision of any State, not including those assessed against local
benefits ; "
Vol . 39,
759,
P.
amended .
(2) That section five of such Act of September eighth, nineteen
hundred and sixteen, is hereby amended by adding at the end of subdivision (a) a further paragraph, numbered nine, to read as follows :
Contributions to reIigious, charitable, etc .,
"Ninth. Contributions or gifts actually made within the year to
associations .
corporations or associations organized and operated exclusively for
religious, charitable, scientific, or educational purposes, or to societies
for the prevention of cruelty to children or animals, no part of the
Limit .
net income of which inures to the benefit of any private stockholder
or individual, to an amount not in excess of fifteen per centum of the
taxpayer's taxable net income as computed without the benefit of
Restriction.
this paragraph. Such contributions or gifts shall be allowable as
deductions only if verified under rules and regulations prescribed by
the Commissioner of Internal Revenue, with the approval of the
Deductions allowed Secretary of the Treasury."
nonresident aliens.
SEC . 1202 . That (1) paragraphs second and third of subdivision (a)
p.
Vol . 39,
760,
amended .
of section six of such Act of September eighth, nineteen hundred and
Share of interest paid sixteen, are hereby amended to read as follows :
on debts.
"Second . The proportion of all interest paid within the year by
Exception .
such person on his indebtedness (except on indebtedness incurred for
the purchase of obligations or securities the interest upon which is
exempt from taxation as income under this title) which the gross
amount of his income for the year derived from sources within the
United States bears to the gross amount of his income for the year
'Condition.
derived from all sources within and without the United States, but
Vol . 39, p . 761 .
Post, p . 331 .
this deduction shall be allowed only if such person includes in the
return required by section eight all the information necessary for its
calculation
General
taxes
in
united states .
"Third. axes paid within the year imposed by the authority of
Income and excess
the United States (except income and excess profits taxes), or of its
profits excepted .
Territories, or possessions, or by the authority of any State, county,
school district, or munici alit , or other taxing subdivision of any
State, paid within the Unite States, not including those assessed
against local benefits ;"
New provision .
Vol. 39,
p.
761,
(2) Section six of such Act of September eighth, nineteen hundred
amended.
and sixteen, is also further amended by adding a new subdivision
to read as follows :
Coin lete returns of
total United States in" (c) A nonresident alien individual shall receive the benefit of the
come required.
deductions and credits provided for in this section only by filing or
causing to be filed with the collector of internal revenue a true and
accurate return of his total income, received from all sources, corporate or otherwise, in the United States, in the manner prescribed by
this title ; and in case of his failure to file such return the collector
Tax, etc ., in owe of
shall collect the tax on such income, and all pro erty belonging to
failure.
such nonresident alien individual shall be liable to distraint fol.,
the tax ."
INCOME

TAX

Exception.

AMEND .