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 8
Page 4
... 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 interest ...
... 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 interest ...
Page 5
... ( principal and in- terest ) received upon redemption of the bond and the purchaser's AGI for the year of the redemption is below the phaseout range provided for by section 135 ( b ) ( 2 ) .io Effective Date The bill would apply to U.S. ...
... ( principal and in- terest ) received upon redemption of the bond and the purchaser's AGI for the year of the redemption is below the phaseout range provided for by section 135 ( b ) ( 2 ) .io Effective Date The bill would apply to U.S. ...
Page 18
... principal residence , but presumably the term would be given the same meaning as that used for Federal income tax purposes . Also not addressed in the bill is the situation of the purchase or rental of furnished housing . In such ...
... principal residence , but presumably the term would be given the same meaning as that used for Federal income tax purposes . Also not addressed in the bill is the situation of the purchase or rental of furnished housing . In such ...
Page 22
... principal residences in particular adds complexity to the administration of the VAT . Unlike the preferential treat- ment of food , it is necessary for sellers and lessors of housing to 32 Instead of applying a VAT to the purchase price ...
... principal residences in particular adds complexity to the administration of the VAT . Unlike the preferential treat- ment of food , it is necessary for sellers and lessors of housing to 32 Instead of applying a VAT to the purchase price ...
Page 23
... principal residences may be available for consumer goods other than housing . The preferential treatment of principal residences may also reduce economic efficiency . The additional tax incentive for resi- dential housing provided by ...
... principal residences may be available for consumer goods other than housing . The preferential treatment of principal residences may also reduce economic efficiency . The additional tax incentive for resi- dential housing provided by ...
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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