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 45
And the ACRS provisions that were proposed and enacted in the same year did very little for the innovative high technology companies whose growth would be most important to the future of our economy because the actual depreciation lives ...
And the ACRS provisions that were proposed and enacted in the same year did very little for the innovative high technology companies whose growth would be most important to the future of our economy because the actual depreciation lives ...
Page 46
I can see the results in the high technology firms in my own district , companies like Wang , Digital , and Data General . These companies are reporting significant increases in R & D spending , increases far beyond the dollar amount of ...
I can see the results in the high technology firms in my own district , companies like Wang , Digital , and Data General . These companies are reporting significant increases in R & D spending , increases far beyond the dollar amount of ...
Page 47
The companies in my district tell me that their planning cycle for R & D runs about 3 to 5 years , with the heaviest expenditures occurring in the last years . This means that companies are already planning now for the expenditures that ...
The companies in my district tell me that their planning cycle for R & D runs about 3 to 5 years , with the heaviest expenditures occurring in the last years . This means that companies are already planning now for the expenditures that ...
Page 50
AND THE ACRS PROVISIONS THAT WERE PROPOSED AND ENACTED IN THE SAME YEAR DID VERY LITTLE FOR THE INNOVATIVE HIGH TECHNOLOGY COMPANIES WHOSE GROWTH WOULD BE MOST IMPORTANT TO THE FUTURE OF OUR ECONOMY , BECAUSE THE ACTUAL DEPRECIATION ...
AND THE ACRS PROVISIONS THAT WERE PROPOSED AND ENACTED IN THE SAME YEAR DID VERY LITTLE FOR THE INNOVATIVE HIGH TECHNOLOGY COMPANIES WHOSE GROWTH WOULD BE MOST IMPORTANT TO THE FUTURE OF OUR ECONOMY , BECAUSE THE ACTUAL DEPRECIATION ...
Page 51
THE CREDIT IS ONLY FOR INCREASES IN R & D SPENDING ; COMPANIES THAT SIMPLY MAINTAIN THEIR CURRENT LEVEL OF SPENDING AND DON'T TRY FOR REAL INNOVATION WILL NOT BE ABLE TO UTILIZE IT . THUS , IF THE INCENTIVE WORKS AS INTENDED , WE SHOULD ...
THE CREDIT IS ONLY FOR INCREASES IN R & D SPENDING ; COMPANIES THAT SIMPLY MAINTAIN THEIR CURRENT LEVEL OF SPENDING AND DON'T TRY FOR REAL INNOVATION WILL NOT BE ABLE TO UTILIZE IT . THUS , IF THE INCENTIVE WORKS AS INTENDED , WE SHOULD ...
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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 |