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 |
From inside the book
Results 1-5 of 22
Page 4
... amount ( i.e. , principal plus interest ) of all Series EE bonds re- deemed by the taxpayer during the taxable year exceeds the qualified education expenses , then the amount of excludible interest is determined by multiplying the total ...
... amount ( i.e. , principal plus interest ) of all Series EE bonds re- deemed by the taxpayer during the taxable year exceeds the qualified education expenses , then the amount of excludible interest is determined by multiplying the total ...
Page 6
... amount of tax generally would be 5 percent of the value of the property sold or the services performed and would be ... amount In the case of cash transactions , the amount subject to the VAT would be the price charged to the purchaser ...
... amount of tax generally would be 5 percent of the value of the property sold or the services performed and would be ... amount In the case of cash transactions , the amount subject to the VAT would be the price charged to the purchaser ...
Page 7
... amount would be the fair market value of the property . The bill would provide a special rule for the determination of the taxable amount for sales of certain used consumer goods . If a tax- able person sells tangible personal property ...
... amount would be the fair market value of the property . The bill would provide a special rule for the determination of the taxable amount for sales of certain used consumer goods . If a tax- able person sells tangible personal property ...
Page 8
... amount of VAT imposed on the sale , and certain other information . The invoice generally would be required to be furnished no later than 15 business days after the tax point of the taxable transac- tion . The tax point would be the ...
... amount of VAT imposed on the sale , and certain other information . The invoice generally would be required to be furnished no later than 15 business days after the tax point of the taxable transac- tion . The tax point would be the ...
Page 9
... amount under the Balanced Budget and Emergency Deficit Control Act of 1985 ( Gramm - Rudman - Hollings ) , amounts received in , and disbursed from , the DRTF would not be included in total revenues and budget outlays . Consequently ...
... amount under the Balanced Budget and Emergency Deficit Control Act of 1985 ( Gramm - Rudman - Hollings ) , amounts received in , and disbursed from , the DRTF would not be included in total revenues and budget outlays . Consequently ...
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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