Miscellaneous Tax Bills VI: Hearing Before the Subcommittee on Taxation and Debt Management Generally of the Committee on Finance, United States Senate, Ninety-sixth Congress, Second Session ... April 25, 1980U.S. Government Printing Office, 1980 - 369 pages |
Other editions - View all
Common terms and phrases
Aaron Rents allowed amendment American amount apartment owners Arboriculture Arborists artificial bait automobile benefits bill budget Byrd capital gain casualty loss cents per mile Chairman charitable organizations cities Congress corporation cost crops David Durenberger depreciation Don Rich donated Dutch elm disease elderly employee enacted equipment farmers Federal finance business finance companies Forestry funds furniture leased furniture rental companies gleaning projects gross income homeowners incentive stock option income tax increase individual industry Internal Revenue Code Internal Revenue Service International Shade Tree investment credit investment tax credit legislation lending or finance loans lodging exclusion maintenance market value ment mileage deduction million municipal tree National ordinary income Oregon percent personal holding company planting productivity programs purchased qualified removal restricted stock options Senator GRAVEL Shade Tree Conference small business statement street trees taxable taxpayers Tillamook Tillamook County tion Treasury U.S. Department Urban volunteers Washington YMCA
Popular passages
Page 122 - ... (A) 150 percent of the difference between the option price and the fair market value of the...
Page 160 - Under present law (Code sec. 4161 (a)), there is imposed upon the sale of fishing rods, creels, reels, and artificial lures, baits, and flies (including parts or accessories of such articles sold on or in connection therewith, or with the sale thereof) by the manufacturer, producer, or importer a tax equivalent to 10 percent of the price for which so sold.
Page 104 - I thank you for the opportunity to appear before you and I will be happy to answer any questions that you may have.
Page 69 - A debt constitutes acquisition indebtedness with respect to property if the debt was incurred in acquiring or improving the property, or if the debt would not have been incurred "but for...
Page 211 - Property which Is used predominantly to furnish lodging or In connection with the furnishing of lodging shall not be treated as section 38 property. The preceding sentence shall not apply to — (A) Nonlodging commercial facilities which are available to persons not using the lodging facilities on the same basis as they are available to persons using the lodging facilities...
Page 43 - If an option to which this section applies does not have a readily ascertainable fair market value at the time the option is granted, the...
Page 53 - ... (sec. 165). An individual may deduct the amount of an unrecoverable loss incurred in a trade or business, in a transaction entered into for profit, or (subject to a $100 floor per occurrence) as a casualty or theft loss (sec.
Page 166 - ... discount or other authorized charges — [(A) Received from loans maturing in not more than 36 months made to individuals in accordance with the provisions of applicable State law, and [ (B) Which do not, in the case of any individual loan, exceed in the aggregate an amount equal to simple interest...
Page 59 - Artificial lures, baits, and flies. The term "artificial lures, baits, and flies" includes all artifacts, of whatever materials made, that simulate an article considered edible...
Page 159 - ... (including in each case parts or accessories of such articles sold on or in connection therewith, or with the sale thereof) : (1) SPORTING GOODS.