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
... received by a fraction , the numerator of which is the amount of qualified education expenses and the denomi- nator of which is the sum of principal and interest on all Series EE bonds redeemed by the taxpayer during the taxable year ...
... received by a fraction , the numerator of which is the amount of qualified education expenses and the denomi- nator of which is the sum of principal and interest on all Series EE bonds redeemed by the taxpayer during the taxable year ...
Page 5
... 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. Series EE savings bonds ...
... 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. Series EE savings bonds ...
Page 8
... received . In the case of imported property , the tax point would be when the property is entered , or withdrawn from warehouse , for consump- tion in the United States . Time for filing return and claiming the credit The bill would ...
... received . In the case of imported property , the tax point would be when the property is entered , or withdrawn from warehouse , for consump- tion in the United States . Time for filing return and claiming the credit The bill would ...
Page 9
... received in , and disbursed from , the DRTF would not be included in total revenues and budget outlays . Consequently , VAT receipts could be used only to retire outstanding debt obligations and could not be used to finance current ...
... received in , and disbursed from , the DRTF would not be included in total revenues and budget outlays . Consequently , VAT receipts could be used only to retire outstanding debt obligations and could not be used to finance current ...
Page 26
... received by in- surers and what portion of the deposits received by banks and other similar financial institutions should be subject to tax . The principal service provided by insurers to policyholders is the pool- ing of risks of loss ...
... received by in- surers and what portion of the deposits received by banks and other similar financial institutions should be subject to tax . The principal service provided by insurers to policyholders is the pool- ing of risks of loss ...
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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