Description of Tax Bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549: Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on August 1, 1983U.S. Government Printing Office, 1983 - 21 pages |
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Page 4
... limited partnerships owning working interests in do- mestic oil and gas properties without incurring tax for ... partnership taxable years begin- ning after 1982 . II . DESCRIPTION OF BILLS 1. S. 1600 – Senator 4.
... limited partnerships owning working interests in do- mestic oil and gas properties without incurring tax for ... partnership taxable years begin- ning after 1982 . II . DESCRIPTION OF BILLS 1. S. 1600 – Senator 4.
Page 15
... limited to the taxpay- er's income tax liability for the year reduced by ( 1 ) certain items of tax described in the ... partnership , is a beneficiary of an estate or trust , or is a shareholder in an electing small business ...
... limited to the taxpay- er's income tax liability for the year reduced by ( 1 ) certain items of tax described in the ... partnership , is a beneficiary of an estate or trust , or is a shareholder in an electing small business ...
Page 19
... partnership ( whether limited or general ) in which the organization invests . Accordingly , if a tax- exempt organization becomes a limited partner in a partnership that owns a working interest in oil and gas properties and the working ...
... partnership ( whether limited or general ) in which the organization invests . Accordingly , if a tax- exempt organization becomes a limited partner in a partnership that owns a working interest in oil and gas properties and the working ...
Page 20
... limited partner from a limited partnership . In addi- tion , the limited partnership could not , at any time during the partnership taxable year for which an income allocation is made - ( i ) allocate to the limited partners a share of ...
... limited partner from a limited partnership . In addi- tion , the limited partnership could not , at any time during the partnership taxable year for which an income allocation is made - ( i ) allocate to the limited partners a share of ...
Page 21
... limited partner or a general partner in a limited part- nership , the interests of certain related parties would be ... partnership . The bill authorizes the Treasury Department to prescribe regula- tions that would deny the ...
... limited partner or a general partner in a limited part- nership , the interests of certain related parties would be ... partnership . The bill authorizes the Treasury Department to prescribe regula- tions that would deny the ...
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accredited acquisition adjusted basis allocation amount Armstrong assets held augmented charitable deduction beginning after 1982 bill would apply bill would provide business expense Business Holdings Provision capital asset capital gain cents a mile charitable organization Code sec Colorado Springs consumer price index corporations Date The provisions Debt-financed property December 31 deduct reasonable disposition divestiture requirements donated property education course taught Effective Date excess business holdings exempt trust Explanation of Provision fair market value gain or loss gas properties gross national product indexed assets individual retirement account inflation adjustment inflation occurring institution of higher instructor temporarily employed interest investment justment limited partner limited partnership ness oil and gas ordinary income passenger automobile physical or biological Pomar Foundation postsecondary vocational education present law private foundation real property special rule tax-qualified pension taxpayer may deduct tion trade or business unrelated business income unrelated trade vocational education courses vocational education instruction vocational education programs