| Show GRAZING associations MUST PAY F DE RAL TAX co operative cooperative cheep grazing assoria eions ion la in the be intermountain ir te mountain et have vot in their action to ie be relieved of payment of corporation tixel taxes to the federal government according tn to anfor mat mation ion received by collector of inter nal revenue james 11 II Ander And tron voder under a nev ruling of the r of in internal revenue at Wishing V tono gram ing associations are subject to tax upon their capital stock the ame name as all other corporations the ruling will affect numerous nume rou heep sheep interests int erett in utah idaho anyo yo ming and nevada according to mr an derson the mool growers had bought nought relief from the federal tax collect im i tie bhe ground aist tl at grazing 1 eions vere not formed for the purpose of making profits the commissioner holds that re of whether prof its te are made tle tl grazing associations are re organize org anizel I 1 at as corporation corporations and issue took to their member members under that classification they cannot be exempt from the regular tax assessed against capital stock in the opinion of the corn com missioner |
