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 4
... basis in the residence would be reduced by the excluded amount . The bill also provides that if the taxpayer subsequently disposes of the residence in a taxable sale or ex- change , any gain recognized would be recaptured as ordinary ...
... basis in the residence would be reduced by the excluded amount . The bill also provides that if the taxpayer subsequently disposes of the residence in a taxable sale or ex- change , any gain recognized would be recaptured as ordinary ...
Page 5
... basis in the donated property and ( 2 ) one - half of the unrealized ap- preciation ( i.e. , one - half of the difference between the property's fair market value determined at the time of the contribution and the donor's basis in the ...
... basis in the donated property and ( 2 ) one - half of the unrealized ap- preciation ( i.e. , one - half of the difference between the property's fair market value determined at the time of the contribution and the donor's basis in the ...
Page 6
... basis , the number of transferred items exceeds 20 percent of the number of such items sold by the taxpayer during the year . Also , while the transfers would not be required to qualify as charitable contributions in order for the ...
... basis , the number of transferred items exceeds 20 percent of the number of such items sold by the taxpayer during the year . Also , while the transfers would not be required to qualify as charitable contributions in order for the ...
Page 18
... basis of which has been reduced under these rules , the amount of the reduction is subject to recapture at ordinary ... basis of the taxpayer's assets ( including depreciable and nondepreciable assets ) , and foreign tax credit ...
... basis of which has been reduced under these rules , the amount of the reduction is subject to recapture at ordinary ... basis of the taxpayer's assets ( including depreciable and nondepreciable assets ) , and foreign tax credit ...
Page 19
... basis ) . The amount excluded from income could not exceed the taxpayer's adjusted basis in the residence as of the close of the tax- able year . Under the bill , the taxpayer's basis in his or her principal resi- dence would be reduced ...
... basis ) . The amount excluded from income could not exceed the taxpayer's adjusted basis in the residence as of the close of the tax- able year . Under the bill , the taxpayer's basis in his or her principal resi- dence would be reduced ...
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Common terms and phrases
activities allocation American Electronics Association amount Apple Computer apply augmented deduction base period basic research bill Bob Packwood Chairman CHAPOTON charitable deduction Committee companies competitive computer software Congress contributions corporate cost Deere & Company discount donated economic effect electronics enacted encourage engineering expand faculty Federal Foreign Tax Credit funds high technology increase industry innovation institutions investment Kids Can't Wait legislation limitation loan M/A-COM manufacturers microcomputers million mortgage National ordinary income percent permanent personal computers problem programs R&D credit R&D expenditures R&D spending R&D tax credit recipient research and development Revenue rule scholarships scientific education scientific equipment secondary schools section 174 section 44F credit semiconductor Senator DANFORTH Subcommittee on Taxation sunset provision Tax Executives Institute taxable Taxation and Debt taxpayer teachers technical Tektronix tion transferred United very-large-scale integrated vocational education
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.