Description of Tax Bills (S. 578, S. 768, S. 1276, and S. 1472): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981 |
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... whether the $ 10 million limitation is exceeded , whether or not the taxpayer elects to deduct currently or amortize research expenses under Code section 174 ( Rev. Rul . 77–27 , 1977–1 C.B. 23 ) . S.768 Under the provisions of S.
... whether the $ 10 million limitation is exceeded , whether or not the taxpayer elects to deduct currently or amortize research expenses under Code section 174 ( Rev. Rul . 77–27 , 1977–1 C.B. 23 ) . S.768 Under the provisions of S.
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However , present law permits a taxpayer to elect to deduct currently the amount of research or experimental expenditures incurred in connection with the taxpayer's trade or business , even if such expenses are treated as capital ...
However , present law permits a taxpayer to elect to deduct currently the amount of research or experimental expenditures incurred in connection with the taxpayer's trade or business , even if such expenses are treated as capital ...
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S. 1472 Under S. 1472 , research or experimental expenditures which the taxpayer elects to deduct currently under section 174 ( a ) would not be taken into account for purposes of the capital expenditure limitation on small issue ...
S. 1472 Under S. 1472 , research or experimental expenditures which the taxpayer elects to deduct currently under section 174 ( a ) would not be taken into account for purposes of the capital expenditure limitation on small issue ...
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Common terms and phrases
$10 million limitation allow taxpayers amortize amount apply to taxable average beginning after December bill capital expenditures Code section conformity conformity requirement continue cost or market December 31 determined disposed disposition Effective date elects to deduct ending inventory exceeding exception excess inventory expenses experimental expenditures future gross income held higher income tax industrial development bonds interest Internal Revenue Service inven inventory accounting less LIFO lower of cost market value market writedowns method of accounting method of inventory months offered paid period Present law Proc provisions qualified small businesses realizable recapture regulations relating replacement requirement research and experimental research expenditures research expenses research or experimental respect Ruling Senators small issue industrial sold statement taken into account tax purposes taxable income taxable years beginning taxable years ending taxpayer elects Thor Power decision tion trade or business write written
Bibliographic information
| Title | Description of Tax Bills (S. 578, S. 768, S. 1276, and S. 1472): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981 |
| Contributors | United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management, United States. Congress. Joint Committee on Taxation |
| Publisher | U.S. Government Printing Office, 1981 |
| Original from | Purdue University |
| Digitized | 27 Aug 2012 |
| Length | 14 pages |
| Export Citation | BiBTeX EndNote RefMan |