Proposals Relating to Foundations, High Technology, and Depreciation: Joint Hearing Before the Subcommittee on Savings, Pensions, and Investment Policy and the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-eighth Congress, Second Session, on S. 1857 and S. 2165, February 24, 1984U.S. Government Printing Office, 1984 - 555 pages |
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Page 10
... transfers other than a sale ) on disposition of assets which had been assigned to the account . The recovery deduction for an account would be computed by multiply- ing the account balance at the close of a taxable year times the ap- 1 ...
... transfers other than a sale ) on disposition of assets which had been assigned to the account . The recovery deduction for an account would be computed by multiply- ing the account balance at the close of a taxable year times the ap- 1 ...
Page 12
... transferred property bears to the fair market value of all assets ( in- cluding the transferred property ) in the account . The transferee's basis in the transferred property would be the amount by which the transferor's account was ...
... transferred property bears to the fair market value of all assets ( in- cluding the transferred property ) in the account . The transferee's basis in the transferred property would be the amount by which the transferor's account was ...
Page 19
... transferred to universities , etc. for basic research for which an augmented deduction ( described below ) would be ... transfers to universities of sci- entific equipment for certain research or educational pur- poses Present law In ...
... transferred to universities , etc. for basic research for which an augmented deduction ( described below ) would be ... transfers to universities of sci- entific equipment for certain research or educational pur- poses Present law In ...
Page 20
... transferred items exceeds 20 percent of the number of such items sold by the taxpayer during the year . Also , while the transfers would not be required to qualify as charitable contribu- tions in order for the special deduction to ...
... transferred items exceeds 20 percent of the number of such items sold by the taxpayer during the year . Also , while the transfers would not be required to qualify as charitable contribu- tions in order for the special deduction to ...
Page 27
... transferred by the partnership to another ( such as to the general partner ) in return for license or royalty payments . As the only exception to the rule that the trade or business test for purposes of section 44F is the same as for ...
... transferred by the partnership to another ( such as to the general partner ) in return for license or royalty payments . As the only exception to the rule that the trade or business test for purposes of section 44F is the same as for ...
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Common terms and phrases
ACRS activities allowed American American Electronics Association amount apply assets Association automotive basis adjustment believe benefits bill Chairman CHAPOTON Code Committee companies computer software Congress contributions corporate cost recovery Council on Foundations current law depreciation donations donor electronics eligible enacted engineering enhanced deduction existing expenditure responsibility fair market value February 24 Finance funds gifts grantmaking grants Hispanics important incentive income increased innovation Internal Revenue Code Internal Revenue Service investment legislation limitation machine tool manufacturing million National open-ended accounts ordinary income organizations Paine Webber percent percentage prepared statement present law private foundations Programmable logic controllers programs proposed public charities purposes qualified research R&D credit R&D tax credit research and development research expenditures rules scientific equipment section 44F sector Senator CHAFEE Senator DANFORTH Senator DURENBERGER significantly improved Subcommittee substantial taxable taxpayer tion trade or business Treasury university basic research
Popular passages
Page 38 - Provides an educational program for which it awards a bachelor's or higher degree, or provides a program which Is acceptable for full credit toward such a degree, or offers a program of training to prepare students for gainful employment in a recognized occupation; and D.
Page 333 - An educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 26 - The term includes generally all such costs incident to the development of an experimental or pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned.
Page 333 - institution of higher education" means" an educational institution in any State which (1) admits as regular students only persons having a certificate of graduation from a school providing secondary education, or the recognized equivalent of such a certificate, (2) is legally authorized within such State to provide a program of education beyond secondary education...
Page 36 - basic research" means any original investigation for the advancement of scientific knowledge not having a specific commercial objective, except that such term shall not include — (A) basic research conducted outside the United States, and (B) basic research in the social sciences or humanities.
Page 38 - institution of higher education" means an educational institution in any State which— (1) admits as regular students only individuals having a certificate of graduation from a high school, or the recognized equivalent of such a certificate; (2) is legally authorized within such State to provide a program of education beyond high school...
Page 38 - school bus' means any automobile bus substantially all the use of which is in transporting students and employees of schools. For purposes of the preceding sentence, the term 'school' means an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are carried on.
Page 41 - ... (ii) the property is not transferred by the donee in exchange for money, other property, or services; (iii) the taxpayer receives from the donee a written statement representing that its use and disposition of the property will be in accordance with the provisions of...
Page 333 - State to provide a program of education beyond high school; (3) provides an educational program for it which awards a bachelor's or higher degree, or provides a program which is acceptable for full credit toward such a degree...
Page 166 - ... Private philanthropic organizations can possess important characteristics which modern government necessarily lacks. They may be many-centered, free of administrative superstructure, subject to the readily exercised control of individuals with widely diversified views and interests. Such characteristics give these organizations great opportunity to initiate thought and action, to experiment with new and untried ventures, to dissent from prevailing attitudes, and to act quickly and flexibly. Precisely...