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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Under the Economic Recovery Tax Act of 1981 , this income is to be taken into account ratably over the three - year period beginning with the taxable year of the LIFO election . ( 3 ) Section 2 of S. 578 would allow taxpayers to use ...
Under the Economic Recovery Tax Act of 1981 , this income is to be taken into account ratably over the three - year period beginning with the taxable year of the LIFO election . ( 3 ) Section 2 of S. 578 would allow taxpayers to use ...
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174 ) would not be taken into account for purposes of the capital expenditure limitation on small issue industrial development bonds . The bill would apply to obligations issued after the date of enactment , and also to capital ...
174 ) would not be taken into account for purposes of the capital expenditure limitation on small issue industrial development bonds . The bill would apply to obligations issued after the date of enactment , and also to capital ...
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Because research and experimentation expenditures constitute capital expenditures , such expenses are to be taken into account for purposes of determining whether the exempt small issue limitation of $ 10 million is exceeded , whether ...
Because research and experimentation expenditures constitute capital expenditures , such expenses are to be taken into account for purposes of determining whether the exempt small issue limitation of $ 10 million is exceeded , whether ...
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... or experimental expenditures which the taxpayer elects to deduct currently under section 174 ( a ) would not be taken into account for purposes of the capital expenditure limitation on small issue industrial development bonds .
... or experimental expenditures which the taxpayer elects to deduct currently under section 174 ( a ) would not be taken into account for purposes of the capital expenditure limitation on small issue industrial development bonds .
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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 |