Title: Inquiry Regarding Income Tax Ruling 3712 for Livestock Breeders
- Identifier:
- CAC_CC_047_1_3_31_0005
- Contributing Institution:
- Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
- Title:
- Title: Inquiry Regarding Income Tax Ruling 3712 for Livestock Breeders
- Date Created:
- 1945-06-12
- EDTF:
- 1945-06-12
- Creator:
- unknown
- Rights:
- http://rightsstatements.org/vocab/NKC/1.0/
- Language:
- eng
- Record Type:
- correspondence
- Collection:
- George B. Schwabe Collection
- Collection Finding Aid:
- https://arc.libraryhost.com/repositories/3/resources/37
- Description:
- Roy Pauli, an auctioneer from Broken Arrow, Oklahoma, wrote to Congressman George B. Schwabe regarding a recent ruling by the Internal Revenue Department that affects income tax for livestock breeders. Pauli expressed concerns that the ruling could negatively impact breeders who sell a major part of their breeding herds. The Commissioner of Internal Revenue, Joseph D. Nunan, clarified that the ruling only applies to the sale of the products of a breeding herd, not the actual herd itself. Pauli requested that Congress take action to define livestock sales for breeders as capital assets and subject to long-term investment provisions.
- Congress:
- 79th (1945-1947)
- Physical Location:
- CAC_CC_47_1_3_31_0000, Box, 3, 31, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
- Location Represented:
- Oklahoma (state), United States (nation)
- Type:
- Text
- Extent:
- 6 Pages
