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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Page 12
The combined issue amount / capital expenditure limitation of $ 10 million has the effect of precluding availability of an interest exemption where industrial development bonds would have a face amount not exceeding the $ 10 million ...
The combined issue amount / capital expenditure limitation of $ 10 million has the effect of precluding availability of an interest exemption where industrial development bonds would have a face amount not exceeding the $ 10 million ...
Page 13
For example , research expenditures to develop a new consumer product must be capitalized , because such expenditures relate to an asset which will have a useful life exceeding one year . Such capital costs usually may be recovered on a ...
For example , research expenditures to develop a new consumer product must be capitalized , because such expenditures relate to an asset which will have a useful life exceeding one year . Such capital costs usually may be recovered on a ...
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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 |