Description of Tax Bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549: Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on August 1, 1983U.S. Government Printing Office, 1983 - 21 pages |
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Page 5
... term capital gain over net short - term capital loss ) is included in taxable income . These gains are there- fore taxable at a maximum 20 - percent rate . For corporations , an al- ternative tax rate of 28 percent applies to net ...
... term capital gain over net short - term capital loss ) is included in taxable income . These gains are there- fore taxable at a maximum 20 - percent rate . For corporations , an al- ternative tax rate of 28 percent applies to net ...
Page 7
... term net leases . General requirements . - The bill would apply only to assets held for more than one year . An asset would not be treated as an in- 4 Canadian law generally requires that only one - half of recognized capital gain be ...
... term net leases . General requirements . - The bill would apply only to assets held for more than one year . An asset would not be treated as an in- 4 Canadian law generally requires that only one - half of recognized capital gain be ...
Page 12
... term capital gain ) generally may deduct only the donor's basis in the property , rather than its full fair market value . In the case of property used in the taxpayer's trade or business ( sec . 1231 property ) , the charita- ble ...
... term capital gain ) generally may deduct only the donor's basis in the property , rather than its full fair market value . In the case of property used in the taxpayer's trade or business ( sec . 1231 property ) , the charita- ble ...
Page 13
... term includes a branch of an institution of higher education offering four or more years of higher education which is located in a community different from that in which its parent institution is located ( 20 U.S.C. sec . 1132e - 1 ) ...
... term includes a branch of an institution of higher education offering four or more years of higher education which is located in a community different from that in which its parent institution is located ( 20 U.S.C. sec . 1132e - 1 ) ...
Page 19
... term unrelated trade or business generally means any trade or business the conduct of which is not substantially related ( aside from the need of such organization for income or funds or the use it makes of the profits derived ) to the ...
... term unrelated trade or business generally means any trade or business the conduct of which is not substantially related ( aside from the need of such organization for income or funds or the use it makes of the profits derived ) to the ...
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Common terms and phrases
accredited acquisition adjusted basis allocation amount Armstrong assets held augmented charitable deduction beginning after 1982 bill would apply bill would provide business expense Business Holdings Provision capital asset capital gain cents a mile charitable organization Code sec Colorado Springs consumer price index corporations Date The provisions Debt-financed property December 31 deduct reasonable disposition divestiture requirements donated property education course taught Effective Date excess business holdings exempt trust Explanation of Provision fair market value gain or loss gas properties gross national product indexed assets individual retirement account inflation adjustment inflation occurring institution of higher instructor temporarily employed interest investment ISIP justment limited partner limited partnership oil and gas ordinary income passenger automobile physical or biological Pomar Foundation postsecondary vocational education present law private foundation real property special rule tax-qualified pension taxpayer may deduct tion trade or business unrelated business income unrelated trade vocational education courses vocational education instruction vocational education programs