Legislative History of H.R. 8363: 88th Congress, the Revenue Act of 1964, Public Law 88-272... |
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Page 1414
... months the amount treated as ordinary income will be reduced by 1 percent for each month of holding over 20 , with the result that no amount will be treated as ordinary income in the case of real property held more than 10 years . 21 ...
... months the amount treated as ordinary income will be reduced by 1 percent for each month of holding over 20 , with the result that no amount will be treated as ordinary income in the case of real property held more than 10 years . 21 ...
Page 1421
... months . Some of them have been cleared by the Rules Committee , some of them have even passed the House , and few have cleared the Congress , but many of them are still pending before the Rules Committee , with administration forces ...
... months . Some of them have been cleared by the Rules Committee , some of them have even passed the House , and few have cleared the Congress , but many of them are still pending before the Rules Committee , with administration forces ...
Page 1435
... months of its adop- tion . ( 5 ) The options must be not exercisable while an earlier option is outstanding which has not been exercised ( options now out- standing can be canceled , however , or won't count until exercisable ) . ( 6 ) ...
... months of its adop- tion . ( 5 ) The options must be not exercisable while an earlier option is outstanding which has not been exercised ( options now out- standing can be canceled , however , or won't count until exercisable ) . ( 6 ) ...
Page 1436
... months , 50 percent of the gain will be included in income ( even though held more than 2 years ) and the gain will be subject to a maximum alternative rate of 25 percent - this is the type of capital gains treatment under existing law ...
... months , 50 percent of the gain will be included in income ( even though held more than 2 years ) and the gain will be subject to a maximum alternative rate of 25 percent - this is the type of capital gains treatment under existing law ...
Page 1441
... months for which we have rec- ords , June and July of this year , it went up nine - tenths of a point , the highest in- crease in 4 years . If the Consumer Price Index went up 6 points , and it could go up that much easily , under these ...
... months for which we have rec- ords , June and July of this year , it went up nine - tenths of a point , the highest in- crease in 4 years . If the Consumer Price Index went up 6 points , and it could go up that much easily , under these ...
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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.