THE TAXABLE INCOME OF COOPERATIVES

Authors

Roswell Magill, Member, New York bar; Columbia University
Allen H. Merrill, Member, New York bar

Abstract

This article is a study of the exemption in section 101(12) of "farmers', fruit growers', or like associations organized and operated on a cooperative basis"; and, in particular, of the taxability of the income of such corporations. The basic question is, What is the taxable income of a cooperative, in the absence of statutory exemption or exemption by administrative ruling? Do such business corporations have an income from their businesses which in these days of revenue stringency should be taxed as other business income must be taxed?

Recommended Citation

Roswell Magill & Allen H. Merrill, THE TAXABLE INCOME OF COOPERATIVES, 49 Mich. L. Rev. 167 (1950).
Available at: https://repository.law.umich.edu/mlr/vol49/iss2/2