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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This provision would apply to taxable years ending on or after December 25 , 1979 . S. 1276 S. 1276 would allow a qualified small business to write off one - third of inventory held for more than 12 months , 50 percent of inventory held ...
This provision would apply to taxable years ending on or after December 25 , 1979 . S. 1276 S. 1276 would allow a qualified small business to write off one - third of inventory held for more than 12 months , 50 percent of inventory held ...
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The provisions of sections 2 and 3 of the bill would be effective for taxable years beginning after the date of enactment of the bill . 2. S. 768Senator Moynihan , and S. 1472 — Senator Denton Exclusion of Research Expenses From Capital ...
The provisions of sections 2 and 3 of the bill would be effective for taxable years beginning after the date of enactment of the bill . 2. S. 768Senator Moynihan , and S. 1472 — Senator Denton Exclusion of Research Expenses From Capital ...
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Rul . 80–60 and Rev. Proc . 80–5 should be delayed from 1979 to 1981 . Explanation of provisions S. 578 , Section 1 S. 578 would allow taxpayers to value excess inventory at net realizable value . The bill would define excess inventory ...
Rul . 80–60 and Rev. Proc . 80–5 should be delayed from 1979 to 1981 . Explanation of provisions S. 578 , Section 1 S. 578 would allow taxpayers to value excess inventory at net realizable value . The bill would define excess inventory ...
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Effective date S.578 , Section 1 This provision of S. 578 would apply to taxable years ending on or after December 25 , 1979 ( the date on which Rev. Proc . 80–5 and Rev. Rul . 80–60 became effective to implement the Thor Power decision ) ...
Effective date S.578 , Section 1 This provision of S. 578 would apply to taxable years ending on or after December 25 , 1979 ( the date on which Rev. Proc . 80–5 and Rev. Rul . 80–60 became effective to implement the Thor Power decision ) ...
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Explanation of provisions Section 2 of the bill would eliminate the conformity requirement , so that taxpayers could use LIFO for tax purposes regardless of the method used for financial statement purposes . Section 3 of the bill would ...
Explanation of provisions Section 2 of the bill would eliminate the conformity requirement , so that taxpayers could use LIFO for tax purposes regardless of the method used for financial statement purposes . Section 3 of the bill would ...
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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 |