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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Tax deduction for specified industrial profits permits companies to reduce taxable income for qualifying manufacturing and power businesses.</h1> Amendments to Chapter VIA expand qualifying insurance for deductions by treating certain contracts as qualifying notwithstanding a contractual cash-in-lieu-of-annuity option and by clarifying that maturity-payment policies and policies effected for minors (adoptable on majority) qualify. A new section provides companies carrying on power generation/distribution or specified manufacturing activities an eight percent deduction of profits attributable to those businesses when computing total income, with applicability limited to companies meeting dividend-declaration arrangements and excluding certain low-income companies of the specified type.

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