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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Results 1-5 of 12
Page 2
... taxpayer , the taxpayer's spouse , or a de- pendent of the taxpayer at an eligible institution . S. 353 ( introduced by Senators Exon , Shelby , DeConcini , Harkin , and Lieberman ) would allow the exclusion of U.S. savings bond in ...
... taxpayer , the taxpayer's spouse , or a de- pendent of the taxpayer at an eligible institution . S. 353 ( introduced by Senators Exon , Shelby , DeConcini , Harkin , and Lieberman ) would allow the exclusion of U.S. savings bond in ...
Page 4
... taxpayer to whom such bond was issued must pay " qualified higher education expenses , " meaning tuition and re- quired fees for the enrollment or attendance of the taxpayer , the taxpayer's spouse , or a dependent of the taxpayer at an ...
... taxpayer to whom such bond was issued must pay " qualified higher education expenses , " meaning tuition and re- quired fees for the enrollment or attendance of the taxpayer , the taxpayer's spouse , or a dependent of the taxpayer at an ...
Page 5
... taxpayer for the enrollment or at- tendance of any individual at an eligible educational institution . Thus , under S. 353 , if a person ( who is at least 24 years old ) pur- chases a Series EE savings bond after December 31 , 1989 ...
... taxpayer for the enrollment or at- tendance of any individual at an eligible educational institution . Thus , under S. 353 , if a person ( who is at least 24 years old ) pur- chases a Series EE savings bond after December 31 , 1989 ...
Page 7
... taxpayer , gifts of business property or services , the disposition of nonbusiness real property , and insurance . Coordination with the Federal income tax system Under the bill , the basis of any property for Federal income tax ...
... taxpayer , gifts of business property or services , the disposition of nonbusiness real property , and insurance . Coordination with the Federal income tax system Under the bill , the basis of any property for Federal income tax ...
Page 10
... taxpayer could contribute the property to a newly formed corporation and sell the stock . c . Performance of services The performance of services in a commercial - type transaction would be subject to the VAT . The bill would provide ...
... taxpayer could contribute the property to a newly formed corporation and sell the stock . c . Performance of services The performance of services in a commercial - type transaction would be subject to the VAT . The bill would provide ...
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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