Legislative History of H.R. 8363: 88th Congress, the Revenue Act of 1964, Public Law 88-272... |
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Page 1413
... capital gains treatment for iron ore royalty payments . 19. Taxation of capital gains - Holding period , alternative ... gain will be included in the tax base and the alternative rate of tax on this is to be 21 percent ( rather than 25 ...
... capital gains treatment for iron ore royalty payments . 19. Taxation of capital gains - Holding period , alternative ... gain will be included in the tax base and the alternative rate of tax on this is to be 21 percent ( rather than 25 ...
Page 1436
... capital gains any money distributed or any stock or securities acquired after De- cember 31 , 1963 , and allowing ... gain will be included in income ( even though held more than 2 years ) and the gain will be subject to a maximum ...
... capital gains any money distributed or any stock or securities acquired after De- cember 31 , 1963 , and allowing ... gain will be included in income ( even though held more than 2 years ) and the gain will be subject to a maximum ...
Page 1499
... capital gains tax - no tax on capital gain . Finally , my own pet idea is to return to a flat tax , the same percentage for everyone . It might be of interest to look in the charts and tables pages 279–282 at the flat tax comparisons ...
... capital gains tax - no tax on capital gain . Finally , my own pet idea is to return to a flat tax , the same percentage for everyone . It might be of interest to look in the charts and tables pages 279–282 at the flat tax comparisons ...
Page 1603
... gain on the sale of a mineral property as ordinary income rather than at capital gain rates in an amount equal to development costs and depletion up to the cost basis deducted after Decem- ber 31 , 1963 ; and fourth , revised the tax ...
... gain on the sale of a mineral property as ordinary income rather than at capital gain rates in an amount equal to development costs and depletion up to the cost basis deducted after Decem- ber 31 , 1963 ; and fourth , revised the tax ...
Page 1711
... capital gains rates on the entire amount of any gain realized by the employee at the time he sells the stock . Where the option . price is between 85 and 95 percent of the market price at the time the option is granted , the difference ...
... capital gains rates on the entire amount of any gain realized by the employee at the time he sells the stock . Where the option . price is between 85 and 95 percent of the market price at the time the option is granted , the difference ...
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Other editions - View all
Common terms and phrases
adjusted gross income amended by striking amount apply averaging base period basis beginning after December billion bracket BRUCE ALGER budget capital gain capital loss Chairman class B capital committee computed Congress corporation cost debt December 31 deficit depreciation dividend duction economy effect election employee employment exceed excess excise expenditures fair market value fiscal gentleman Government group-term life insurance holding company income House bill included income tax increase individual inserting in lieu interest Internal Revenue Code investment credit less married couples Members ment minimum standard deduction months motion to recommit option price ordinary income paid paragraph payments personal holding company premium present law President purchase purposes relating Republican respect restricted stock Revenue rule sale or exchange Senator subparagraph subsection surtax exemption tax bill tax cut tax liability tax rates tax reduction taxable income taxable years beginning taxpayer term tion treated vote
Popular passages
Page 2456 - ... through the ownership, directly or Indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote or 50 percent or more of the total value of shares of all classes of stock of the corporation.
Page 1417 - House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
Page 1737 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 1939 - If the taxpayer makes an election under this paragraph with respect to any section 614(b) aggregation, then the adjusted basis (as of the first day of the first taxable year beginning after December 31, 1963) of each property Included in such aggregation shall be...
Page 2233 - ... no income shall result at the time of the transfer of such share to the individual upon his exercise of the option with respect to such share ; (2) no deduction under section 162...
Page 2437 - Its revenue from regulated rates described in paragraph (1) (A) or (D) and its revenue derived from unregulated rates are derived from its operation of a single interconnected and coordinated system or from the operation of more than one such system, and...
Page 1931 - Income (as defined in section 543(a)) of such enterprise. (2) Income and deductions of owners. Items excluded from the gross Income of the enterprise under paragraph (1), and the expenses attributable thereto, shall be treated as the income and deductions of the proprietor or partners (in accordance with their distributive shares of partnership income) of such enterprise. (3) Distributions. If— (A) The amount excluded from gross income under paragraph (2) exceeds the expenses attributable thereto,...
Page 1604 - ... property" means each separate interest owned by the taxpayer in each mineral deposit in each separate tract or parcel of land.
Page 2437 - January 1, 1954, (ii) each lease is for a term of more than 20 years, and (iii) at least 80 percent or more of its gross income (computed without regard to dividends and capital gains and losses) for the taxable year is derived from such leases and from sources described in paragraph (1).
Page 1771 - For purposes of this section, control means the ownership of stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote or at least 80 percent of the total value of shares of all classes of stock of the corporation.