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 1
... effective dates . Part II describes S. 353 ; Part III describes S. 442 ; Part IV de- scribes S. 659 , S. 838 , and S. 849 ; and Part V describes S. 800 . 1 This pamphlet may be cited as follows : Joint Committee on Taxation ...
... effective dates . Part II describes S. 353 ; Part III describes S. 442 ; Part IV de- scribes S. 659 , S. 838 , and S. 849 ; and Part V describes S. 800 . 1 This pamphlet may be cited as follows : Joint Committee on Taxation ...
Page 2
... effective for transactions occurring after December 31 , 1989. The bill would provide a trust fund in the Department of the Treasury restricting the use of the revenue from the VAT to deficit and debt reduction . S. 659 ( Senator Symms ) ...
... effective for transactions occurring after December 31 , 1989. The bill would provide a trust fund in the Department of the Treasury restricting the use of the revenue from the VAT to deficit and debt reduction . S. 659 ( Senator Symms ) ...
Page 5
... Effective Date The bill would apply to U.S. Series EE savings bonds issued after December 31 , 1989 . 8 For example , if taxpayer filing a joint return has a AGI of $ 75,000 , then the interest exclu- sion otherwise provided for by ...
... Effective Date The bill would apply to U.S. Series EE savings bonds issued after December 31 , 1989 . 8 For example , if taxpayer filing a joint return has a AGI of $ 75,000 , then the interest exclu- sion otherwise provided for by ...
Page 8
... with respect to the business . The bill also would grant the Secretary of the Treasury broad au- thority to issue regulations with respect to the VAT . Effective date The bill would apply to transactions occurring after 8.
... with respect to the business . The bill also would grant the Secretary of the Treasury broad au- thority to issue regulations with respect to the VAT . Effective date The bill would apply to transactions occurring after 8.
Page 9
... Effective date The bill would apply to transactions occurring after 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 ...
... Effective date The bill would apply to transactions occurring after 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 ...
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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