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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S. 768Senator Moynihan , and S. 1472 — Senator Denton Exclusion of Research Expenses From Capital Expenditure ... where the aggregate amount of outstanding exempt small issues plus capital expenditures ( financed otherwise than out of ...
S. 768Senator Moynihan , and S. 1472 — Senator Denton Exclusion of Research Expenses From Capital Expenditure ... where the aggregate amount of outstanding exempt small issues plus capital expenditures ( financed otherwise than out of ...
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S. 768 – Senator Moynihan , and S. 1472 — Senator Denton Exclusion of Research Expenses from Capital Expenditure Limitation on Interest Exemption for Small Issue Industrial Development Bonds Present law In general Interest on State and ...
S. 768 – Senator Moynihan , and S. 1472 — Senator Denton Exclusion of Research Expenses from Capital Expenditure Limitation on Interest Exemption for Small Issue Industrial Development Bonds Present law In general Interest on State and ...
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13 Treatment of research expenditures As a general rule , business expenditures to develop or create an asset which has a useful life that extends substantially beyond the taxable year must be capitalized and cannot be deducted in the ...
13 Treatment of research expenditures As a general rule , business expenditures to develop or create an asset which has a useful life that extends substantially beyond the taxable year must be capitalized and cannot be deducted in the ...
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Also , the bill would apply to capital expenditures made after December 31 , 1980 , for purposes of applying the $ 10 million limitation in the case of obligations issued prior to the enactment date . S. 1472 Under S. 1472 , research or ...
Also , the bill would apply to capital expenditures made after December 31 , 1980 , for purposes of applying the $ 10 million limitation in the case of obligations issued prior to the enactment date . S. 1472 Under S. 1472 , research or ...
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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 |