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. 768 ( Senator Moynihan ) , and S. 1472 ( Senator Denton ) : Exclusion of research expenses from capital expenditure limitation on interest exemption for small issue industrial development bonds5 10 12 ( TTI ) a INTRODUCTION The bills ...
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 bonds5 10 12 ( TTI ) a INTRODUCTION The bills ...
Page 1
... Š . 768 and Š . 1472 ( relating to exclusion of research expenses from capital expenditure limitation on interest exemption for small issue industrial development bonds ) ; and S. 1276 ( relating to inventory writedowns ) .
... Š . 768 and Š . 1472 ( relating to exclusion of research expenses from capital expenditure limitation on interest exemption for small issue industrial development bonds ) ; and S. 1276 ( relating to inventory writedowns ) .
Page 4
... Expenditure Limitation on Interest Exemption for Small Issue Industrial Development Bonds » Present lavo Interest ... exception under present law for " small issues , ” where the aggregate amount of outstanding exempt small issues ...
... Expenditure Limitation on Interest Exemption for Small Issue Industrial Development Bonds » Present lavo Interest ... exception under present law for " small issues , ” where the aggregate amount of outstanding exempt small issues ...
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... Expenses from Capital Expenditure Limitation on Interest Exemption for Small Issue Industrial Development Bonds ... However , subject to certain exceptions , interest on State and local issues of industrial development bonds is ...
... Expenses from Capital Expenditure Limitation on Interest Exemption for Small Issue Industrial Development Bonds ... However , subject to certain exceptions , interest on State and local issues of industrial development bonds is ...
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Issue The issue is whether research and experimental expenditures should be counted toward the $ 10 million limitation for exemption of interest on “ small issue ” industrial development bonds . Explanation of bills and effective dates ...
Issue The issue is whether research and experimental expenditures should be counted toward the $ 10 million limitation for exemption of interest on “ small issue ” industrial development bonds . Explanation of bills and effective dates ...
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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 |