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 1
... deduction for cer- tain scientific equipment , expand the tax credit for research activities and extend the exclusion from income for certain amounts received by students . STATEMENT OF SENATOR LLOYD BENSTEN Mr. Chairman : The R & D ...
... deduction for cer- tain scientific equipment , expand the tax credit for research activities and extend the exclusion from income for certain amounts received by students . STATEMENT OF SENATOR LLOYD BENSTEN Mr. Chairman : The R & D ...
Page 7
... Credit Present law An income tax credit is allowed for certain qualified research ex- penditures incurred in carrying on a trade or business ( Code sec . 44F , enacted in ERTA ) . The credit applies only to the extent that the ...
... Credit Present law An income tax credit is allowed for certain qualified research ex- penditures incurred in carrying on a trade or business ( Code sec . 44F , enacted in ERTA ) . The credit applies only to the extent that the ...
Page 11
... deductions under their tax laws for expenses of research activities conducted in the United States . It was argued that this disallowance results in unduly high foreign taxes and that , absent changes in the foreign tax credit ...
... deductions under their tax laws for expenses of research activities conducted in the United States . It was argued that this disallowance results in unduly high foreign taxes and that , absent changes in the foreign tax credit ...
Page 12
... tax credit . Qualifying expenditures . - The Code does not specifically define " research or experimental expenditures " eligible for the section 174 deduction election ( except to exclude certain costs ) . Treasury regulations ( sec ...
... tax credit . Qualifying expenditures . - The Code does not specifically define " research or experimental expenditures " eligible for the section 174 deduction election ( except to exclude certain costs ) . Treasury regulations ( sec ...
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... Credit for increasing certain research expenditures Overview General rule . - An income tax credit is allowed for certain quali- fied research expenditures paid or incurred by a taxpayer during the taxable year in carrying on a trade or ...
... Credit for increasing certain research expenditures Overview General rule . - An income tax credit is allowed for certain quali- fied research expenditures paid or incurred by a taxpayer during the taxable year in carrying on a trade or ...
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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