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 7
... limitation in the bill , corporate expenditures for scientific education would be eligible for the section 44F credit only to the extent exceeding the average of all charitable contributions made by the taxpayer to colleges and ...
... limitation in the bill , corporate expenditures for scientific education would be eligible for the section 44F credit only to the extent exceeding the average of all charitable contributions made by the taxpayer to colleges and ...
Page 8
... limitation described above ) . Effective date . - The amendments to the section 44F credit made by the bill would ... limitations , gross income does not include amounts received as a scholarship at an educational institution or as a ...
... limitation described above ) . Effective date . - The amendments to the section 44F credit made by the bill would ... limitations , gross income does not include amounts received as a scholarship at an educational institution or as a ...
Page 10
... limitation ( sec . 904 ) , and for other tax purposes , Code sections 861-863 require taxpayers to allocate or apportion expenses between foreign - source income and U.S. - source income . Treasury Regulation section 1.861-8 sets forth ...
... limitation ( sec . 904 ) , and for other tax purposes , Code sections 861-863 require taxpayers to allocate or apportion expenses between foreign - source income and U.S. - source income . Treasury Regulation section 1.861-8 sets forth ...
Page 11
... limitation , U.S. taxpayers would lose foreign tax credits . Because those tax- payers could take their deductions if the research occurs in the for- eign country , it was argued that there was incentive for taxpayers to shift their ...
... limitation , U.S. taxpayers would lose foreign tax credits . Because those tax- payers could take their deductions if the research occurs in the for- eign country , it was argued that there was incentive for taxpayers to shift their ...
Page 15
... limitation ) . Computation of allowable credit General rule . - As a general rule , the section 44F credit applies to the amount of qualified research expenditures for the current_tax- able year which exceeds the average of the yearly ...
... limitation ) . Computation of allowable credit General rule . - As a general rule , the section 44F credit applies to the amount of qualified research expenditures for the current_tax- able year which exceeds the average of the yearly ...
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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.