Description of Tax Bills: S. 353 (educational Savings Bonds); S. 442 (value Added Tax); S. 659, S. 838, S. 849 (estate Freezes); and S. 800 (moratorium on Certain State Tax Laws) : Scheduled for a Hearing Before the Senate Committee on Finance on May 17, 1989U.S. Government Printing Office, 1989 - 35 pages |
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Page 2
... December 31 , 1989 , is excludible from gross income , if the proceeds of the bond upon redemption do not exceed qualified higher education expenses paid by the taxpayer during the taxable year . The exclusion is available only to ...
... December 31 , 1989 , is excludible from gross income , if the proceeds of the bond upon redemption do not exceed qualified higher education expenses paid by the taxpayer during the taxable year . The exclusion is available only to ...
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... December 31 , 1989 , is excludible from gross income , if the proceeds of the bond upon redemption do not exceed qualified higher education expenses paid by the taxpayer during the taxable year.2 The exclusion from gross income of ...
... December 31 , 1989 , is excludible from gross income , if the proceeds of the bond upon redemption do not exceed qualified higher education expenses paid by the taxpayer during the taxable year.2 The exclusion from gross income of ...
Page 5
... December 31 , 1989 , interest earned on that bond would not be subject to Federal income tax if , during the year the bond is redeemed , the purchaser pays for quali- fied education expenses of any individual ( e.g. , a relative who is ...
... December 31 , 1989 , interest earned on that bond would not be subject to Federal income tax if , during the year the bond is redeemed , the purchaser pays for quali- fied education expenses of any individual ( e.g. , a relative who is ...
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... December 31 , 1989 . B. Allocation of Revenues from Value Added Tax ( Title II of the Bill ) The bill would establish a Deficit Reduction Trust Fund ( DRTF ) in the U.S. Treasury . Amounts equivalent to current estimates of receipts ...
... December 31 , 1989 . B. Allocation of Revenues from Value Added Tax ( Title II of the Bill ) The bill would establish a Deficit Reduction Trust Fund ( DRTF ) in the U.S. Treasury . Amounts equivalent to current estimates of receipts ...
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Common terms and phrases
activities addition amount of VAT bill would provide border tax adjustment calendar quarter claim a credit commercial-type transaction consumer corporation December 31 deposits destination principle determine Educational Savings Bonds EE savings bonds effective date employee estate freeze example exclusion exempt Exon exports fair market value farmers governmental entities grocery store Gross VAT higher education expenses housing impose a VAT intangible property interest Internal Revenue Code Internal Revenue Service legislation nonbusiness real property performance of services plumber preferred stock premiums previously paid primary residence property or services provide a zero provided in regulations rate of tax retail sale of property section 135 seller Series EE savings services provided small businesses stage of production subject to tax tax point taxable amount taxable person taxable transactions taxation taxpayer tion transfer United Value Added Tax VAT credit VAT imposed VAT liability VAT paid VAT system zero rating zero-rated