General Explanation of the Economic Recovery Tax Act of 1981: (H.R. 4242, 97th Congress, Public Law 97-34)U.S. Government Printing Office, 1981 - 411 pages |
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Page v
... Provisions ...... 241 1. Current use valuation of certain property ( sec . 421 ) ... date ( sec . 428 ) . 271 9. Credit against estate tax for certain transfer ... Provision Production credit for certain gases ( sec . 611 ) . TITLE VII ...
... Provisions ...... 241 1. Current use valuation of certain property ( sec . 421 ) ... date ( sec . 428 ) . 271 9. Credit against estate tax for certain transfer ... Provision Production credit for certain gases ( sec . 611 ) . TITLE VII ...
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... Date The provision is effective for taxable years beginning after De- cember 31 , 1981 . Revenue Effect The provision is estimated to reduce fiscal year budget receipts by $ 419 million in 1982 , $ 4,418 million in 1983 , $ 9,090 ...
... Date The provision is effective for taxable years beginning after De- cember 31 , 1981 . Revenue Effect The provision is estimated to reduce fiscal year budget receipts by $ 419 million in 1982 , $ 4,418 million in 1983 , $ 9,090 ...
Page 40
... law . Effective Date This provision is applicable to taxable years beginning after De- cember 31 , 1984 . Revenue Effect This provision is estimated to reduce fiscal year budget receipts by $ 12,941 million in 1985 and $ 35,848 million ...
... law . Effective Date This provision is applicable to taxable years beginning after De- cember 31 , 1984 . Revenue Effect This provision is estimated to reduce fiscal year budget receipts by $ 12,941 million in 1985 and $ 35,848 million ...
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... Provision The Act provides a new deduction from adjusted gross income for ... Provision expires . Year Percentage Contribution cap 25 $ 100 25 100 25 300 50 100 ... Date The provision applies to contributions made after December 31 , 1981 ...
... Provision The Act provides a new deduction from adjusted gross income for ... Provision expires . Year Percentage Contribution cap 25 $ 100 25 100 25 300 50 100 ... Date The provision applies to contributions made after December 31 , 1981 ...
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... date of sale ( sec . 1034 ) . This rule applies only to the extent that the ... Provision The Act extends the 18 - month replacement period for nonrecog ... provision , see : H.R. 4242 , as reported by the House Ways and Means Committee ...
... date of sale ( sec . 1034 ) . This rule applies only to the extent that the ... Provision The Act extends the 18 - month replacement period for nonrecog ... provision , see : H.R. 4242 , as reported by the House Ways and Means Committee ...
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Common terms and phrases
Act and sec Act provides allowed alternative minimum tax amount assets benefits budget receipts capital gain carryback certificates Change The Congress Code Committee of Conference Congress believed corporation Date The provision decedent decedent's December 31 depreciation distribution Effect The provision Effective Date election eligible ESOP estate tax estimated to reduce excess exclusion exemption Explanation of Provision fair market value fiscal year budget gift tax gross estate House July 29 incentive stock option income tax increased individual Internal Revenue Service Joint Explanatory Statement legislative background LIFO limited marital deduction mark-to-market million in 1983 ordinary income paid payments penalty prior law provision is estimated Provision The Act purposes qualified plan Reasons for Change recapture regulated futures contracts research expenditures Revenue Effect spouse stock option straddle tax credit tax liability tax rate taxable years beginning taxpayer tion trade or business transactions transfer Treasury treated windfall profit tax
Popular passages
Page 1 - Extensive hearings followed before the House Committee on Ways and Means, and the Senate Committee on Finance.
Page 161 - In which such option is exercised, an amount equal to the lesser of — (A) 150 percent of the difference between the option price and the fair market value of the...
Page 326 - ... data in a form which cannot be associated with or otherwise identify, directly or indirectly, a particular taxpayer.
Page 198 - Subsection (a) does not apply to the value of transportation provided by an employer unless — "(1) such transportation is provided under a separate written plan of the employer which does not discriminate in favor of employees who are officers, shareholders, or highly compensated employees...
Page 169 - ... persons who have completed or left high school and who are available for full-time study in preparation for entering the labor market...
Page 36 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 168 - Government, except such specific sums as may be determined by the Secretary of the Treasury, after consultation with the Secretary of Transportation...
Page 149 - In order to reflect taxable income correctly, inventories at the beginning and end of each taxable year are necessary in every case in which the production, purchase, or sale of merchandise is an income producing factor.
Page 232 - It is not a device to transfer such property to members of the decedent's family for less than full and adequate consideration in money or money's worth. (3) Its terms are comparable to similar arrangements entered into by persons in an arms
Page 335 - At any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned, directly or indirectly, by or for not more than 5 individuals.