1983-84 Miscellaneous Tax Bills, II: Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, on S. 654, S. 738, S. 1147, S. 1194, and S. 1195, May 27, 1983U.S. Government Printing Office, 1983 - 387 pages |
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Page 3
... Durenberger , Wilson , and Cohen Make Permanent the Credit for Increased Research Expenditures An income tax credit is allowed for certain qualified research expenditures incurred in carrying on a trade or business ( Code sec .
... Durenberger , Wilson , and Cohen Make Permanent the Credit for Increased Research Expenditures An income tax credit is allowed for certain qualified research expenditures incurred in carrying on a trade or business ( Code sec .
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However , under a special rule enacted in ERTA , corporations are allowed an augmented charitable deduction for donations of newly manufactured scientific equipment to a college or university for research use in the physical or ...
However , under a special rule enacted in ERTA , corporations are allowed an augmented charitable deduction for donations of newly manufactured scientific equipment to a college or university for research use in the physical or ...
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The augmented deduction under S. 1194 generally would not be allowed to the extent that , determined on a product - by - product basis , the number of transferred items exceeds 20 percent of the number of such items sold by the taxpayer ...
The augmented deduction under S. 1194 generally would not be allowed to the extent that , determined on a product - by - product basis , the number of transferred items exceeds 20 percent of the number of such items sold by the taxpayer ...
Page 7
Expansion of Section 44F Credit Present law An income tax credit is allowed for certain qualified research expenditures incurred in carrying on a trade or business ( Code sec . 44F , enacted in ERTA ) . The credit applies only to the ...
Expansion of Section 44F Credit Present law An income tax credit is allowed for certain qualified research expenditures incurred in carrying on a trade or business ( Code sec . 44F , enacted in ERTA ) . The credit applies only to the ...
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The regulation also provides that if the taxpayer's results of operations justify a geographic apportionment of research expenditures to the country in which the research is performed that would be higher than the 30 percent allowed ...
The regulation also provides that if the taxpayer's results of operations justify a geographic apportionment of research expenditures to the country in which the research is performed that would be higher than the 30 percent allowed ...
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activities addition allowed amount apply Association base basic research basis believe benefit bill Chairman Code colleges Committee companies competitive computer equipment Congress continue contributions corporate cost course deduction discount donated economic effect effort electronics enacted encourage engineering example excluded existing expand expenditures expenses faculty foreign funds future growth high technology important incentive income increase industry institutions interest Internal Revenue Code investment legislation limitation loan Management manufacturers million mortgage offer operation organization percent perform period permanent present President problem programs projects proposed qualified R&D tax credit receive recent research and development result rule schools scientific secondary Senator DANFORTH specific spending statement Subcommittee tax credit taxable taxpayer teachers technical term transferred United vocational
Popular passages
Page 49 - Mr. Chairman and members of the committee, I very much appreciate the opportunity to appear before you today In support of four public works projects in my district, the 13th Congressional District of Ohio.
Page 315 - If we can be of further assistance, please do not hesitate to contact us. Sincerely yours, RA BarYihart Federal Highway Administrator Mrs.
Page 185 - THE AMERICAN COUNCIL ON EDUCATION THE ASSOCIATION OF AMERICAN UNIVERSITIES, AND THE NATIONAL ASSOCIATION OF STATE UNIVERSITIES AND LAND-GRANT COLLEGES Mr.
Page 28 - ... an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 242 - a reprogrammable multi-functional manipulator designed to move material, parts, tools, or specialized devices, through variable programmed motions for the performance of a variety of tasks.
Page 381 - qualified business indebtedness." The latter term means Indebtedness of the taxpayer if both (1) the indebtedness was Incurred or assumed by a corporation, or by an individual In connection with property used In his trade or business, and also (2) the taxpayer makes an election to reduce the basis of depreciable assets or realty held as inventory). For this purpose, the term "depreciable property...
Page 26 - ... (2) is legally authorized within such State to provide a program of education beyond high school; (3) provides an educational program for which it awards a bachelor's degree, or provides not less...
Page 37 - basic research" means any original investigation for the advancement of scientific knowledge not having a specific commercial objective, except that such term shall not include — (A) basic research conducted outside the United States, and (B) basic research in the social sciences or humanities.
Page 26 - institution of higher education" means an educational institution in any State which— (1) admits as regular students only individuals having a certificate of graduation from a high school, or the recognized equivalent of such a certificate; (2) is legally authorized within such State to provide a program of education beyond high school...
Page 12 - The term includes generally all such costs incident to the development of an experimental or pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned.
Bibliographic information
| Title | 1983-84 Miscellaneous Tax Bills, II: Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, on S. 654, S. 738, S. 1147, S. 1194, and S. 1195, May 27, 1983 Volumes 98-205 of S. hrg, United States Congress |
| Author | United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management |
| Publisher | U.S. Government Printing Office, 1983 |
| Length | 387 pages |
| Export Citation | BiBTeX EndNote RefMan |