Proposals Relating to Foundations, High Technology, and Depreciation: Joint Hearing Before the Subcommittee on Savings, Pensions, and Investment Policy and the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-eighth Congress, Second Session, on S. 1857 and S. 2165, February 24, 1984U.S. Government Printing Office, 1984 - 555 pages |
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Page 10
... cost recovery would apply to property , other than public utility property , that is treated under present ACRS rules as ... ( fair market value , in the case of certain transfers other than a sale ) on disposition of assets which had been ...
... cost recovery would apply to property , other than public utility property , that is treated under present ACRS rules as ... ( fair market value , in the case of certain transfers other than a sale ) on disposition of assets which had been ...
Page 12
... fair market value of an asset would be subtracted from the appropriate recovery account in the case of transfers other than a sale . Property which ceases to qualify for cost recov- ery , such as property which is converted to personal ...
... fair market value of an asset would be subtracted from the appropriate recovery account in the case of transfers other than a sale . Property which ceases to qualify for cost recov- ery , such as property which is converted to personal ...
Page 15
... fair market value of capital - gain property donated to non- operating foundations generally would be deductible ; under present law , the amount deductible equals the fair market value reduced by 40 percent of the unrealized ...
... fair market value of capital - gain property donated to non- operating foundations generally would be deductible ; under present law , the amount deductible equals the fair market value reduced by 40 percent of the unrealized ...
Page 19
... fair market value at the date of the con- tribution ( Code sec . 170 ( e ) ) . For example , a manufacturer which makes a charitable contribution of its inventory generally may deduct only its basis in the property . However , under a ...
... fair market value at the date of the con- tribution ( Code sec . 170 ( e ) ) . For example , a manufacturer which makes a charitable contribution of its inventory generally may deduct only its basis in the property . However , under a ...
Page 21
... fair market value reduced by 40 percent of the unrealized appreciation , i.e. , by 40 percent of the amount by which the value exceeds the donor's basis in the property . In the case of donations by individuals of capital - gain ...
... fair market value reduced by 40 percent of the unrealized appreciation , i.e. , by 40 percent of the amount by which the value exceeds the donor's basis in the property . In the case of donations by individuals of capital - gain ...
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Common terms and phrases
ACRS activities allowed American American Electronics Association amount apply assets Association automotive basis adjustment believe benefits bill Chairman CHAPOTON Code Committee companies computer software Congress contributions corporate cost recovery Council on Foundations current law depreciation donations donor electronics eligible enacted engineering enhanced deduction existing expenditure responsibility fair market value February 24 Finance funds gifts grant grantmaking Hispanics important incentive income increased innovation Internal Revenue Code Internal Revenue Service investment legislation limitation machine tool manufacturing million National open-ended accounts ordinary income organizations Paine Webber percent percentage prepared statement present law private foundations Programmable logic controllers programs public charities purposes qualified research R&D credit R&D tax credit research and development research expenditures rules scholarships scientific equipment section 44F sector Senator CHAFEE Senator DANFORTH Senator DURENBERGER significantly improved Subcommittee substantial taxable taxpayer tion trade or business Treasury university basic research