BRUCE, Judge:
This proceeding involves a deficiency in Federal income tax determined against the petitioner for the year 1955 in the amount of $2,015.78. The sole issue is whether a $6,024.96 expenditure incurred in circulating a petition to refer an Act of the Arkansas State legislature to a vote by the people of Arkansas is deductible under section 162 or section 212(1) or (2) of the Internal Revenue Code of 1954.
FINDINGS OF FACT.
The stipulated...
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