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Special Preparedness Fund Act of 1917

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This is an old revision of this page, as edited by Smasongarrison (talk | contribs) at 02:15, 2 April 2023 (Moving from Category:United States tax law to Category:United States federal taxation legislation using Cat-a-lot). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

The Special Preparedness Fund Act of 1917 provided for a "special preparedness fund for army, navy, and fortification purposes" through an excess profits tax on corporations and partnerships equal to 8% of the amount by which their net income exceeded $5,000 plus 8% of the "actual capital invested."