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 1
There are four bills scheduled for the hearing : S. 578 ( relating to inventory writedowns and LIFO inventories ) ; Š . 768 and Š . 1472 ( relating to exclusion of research expenses from capital expenditure limitation on interest ...
There are four bills scheduled for the hearing : S. 578 ( relating to inventory writedowns and LIFO inventories ) ; Š . 768 and Š . 1472 ( relating to exclusion of research expenses from capital expenditure limitation on interest ...
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S. 1276 The amendments made by S. 1276 relating to inventory writedowns for qualified small businesses would apply to taxable years beginning after December 31 , 1980. The provisions relating to Rev. Rul . 80-60 and Rev. Proc .
S. 1276 The amendments made by S. 1276 relating to inventory writedowns for qualified small businesses would apply to taxable years beginning after December 31 , 1980. The provisions relating to Rev. Rul . 80-60 and Rev. Proc .
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In the Economic Recovery Tax Act of 1981 ( P.L. 97–34 ) , the Congress amended the rules relating to the recapture of market writedowns ( sec 472 ( d ) ) . For taxpayers adopting LIFO for taxable years beginning after December 31 ...
In the Economic Recovery Tax Act of 1981 ( P.L. 97–34 ) , the Congress amended the rules relating to the recapture of market writedowns ( sec 472 ( d ) ) . For taxpayers adopting LIFO for taxable years beginning after December 31 ...
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If expenditures relating to development of a product are not eligible for these elections , or if the taxpayer chooses not to elect either current deductions or amortization for qualifying research costs , such expenditures must be ...
If expenditures relating to development of a product are not eligible for these elections , or if the taxpayer chooses not to elect either current deductions or amortization for qualifying research costs , such expenditures must be ...
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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 |