1983-84 Miscellaneous Tax Bills--IV, S. 108, S. 1464, S. 1549, S. 1579, and S. 1600: Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, on S. 108, S. 1464, S. 1549, S. 1579, and S. 1600, August 1, 1983U.S. Government Printing Office, 1984 - 439 pages |
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Page 16
... exempt organizations since 1894 , when the first Federal act imposing a general tax on the income and profits of corporations was enacted . Among the additional requirements that must be met by an organization in order to qualify for ...
... exempt organizations since 1894 , when the first Federal act imposing a general tax on the income and profits of corporations was enacted . Among the additional requirements that must be met by an organization in order to qualify for ...
Page 220
... exempt organizations must further the exempt purposes of each of the exempt partners in order for the income derived therefrom to be exempt from taxation.204 EXAMPLE: X, an exempt educational institution, has a large, well-respected ...
... exempt organizations must further the exempt purposes of each of the exempt partners in order for the income derived therefrom to be exempt from taxation.204 EXAMPLE: X, an exempt educational institution, has a large, well-respected ...
Page 1338
... exempt organization, as long as the primary purpose of the organization is to carry out one or more exempt functions.6 Generally, there is no fixed percentage of unrelated business activity that may be engaged in by a tax—exempt ...
... exempt organization, as long as the primary purpose of the organization is to carry out one or more exempt functions.6 Generally, there is no fixed percentage of unrelated business activity that may be engaged in by a tax—exempt ...
Page 3576
... exempt security income increases the market price of tax- exempt securities per dollar of prospective interest yield to the investor , but not by an amount which corresponds to the valuation of the tax exemption by every taxpayer . The ...
... exempt security income increases the market price of tax- exempt securities per dollar of prospective interest yield to the investor , but not by an amount which corresponds to the valuation of the tax exemption by every taxpayer . The ...
Page 415
... Exempt Organizations ¶ 7900. Exempt Organizations and Taxable Activities . 34 Am Jur 2d The Code exempts from income tax many types of organizations includ- ing religious , charitable , and educational organizations . Exemption depends ...
... Exempt Organizations ¶ 7900. Exempt Organizations and Taxable Activities . 34 Am Jur 2d The Code exempts from income tax many types of organizations includ- ing religious , charitable , and educational organizations . Exemption depends ...
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Common terms and phrases
activities allocations allowed ALTMAN American Legion Auxiliary amount APACHE CORPORATION apply automobile basis benefits bill Broadmoor Hotel business income tax capital gains tax cents a mile Chairman charitable Colorado Colorado Springs Committee community colleges Congress contributions corporate cost Debt Management depreciation donated economic effect employees enacted equipment excess business holdings exempt organizations Federal Finance gas properties gas working interests gifts income tax increase indexing industry inflation adjustment institutions Internal Revenue Code investment in oil investors Junior League legislation limited partners limited partnership Meals on Wheels ment mileage rate million mismeasurement National oil and gas operating passive PEARLMAN pension percent persons Pomar Foundation private foundation purposes qualified real property royalties Senator ARMSTRONG statement Subcommittee on Taxation tax brackets tax credit tax policy tax rate Taxation and Debt taxpayer tion United unrelated business income veterans vocational education volunteer mileage deduction
Popular passages
Page 48 - Unrelated trade or business — (a) General rule. The term "unrelated trade or business" means. in the case of any organization subject to the tax imposed by section 511, 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 exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 42 - ... a two-year program in engineering, mathematics, or the physical or biological sciences which is designed to prepare the student to work as a technician and at a semiprofessional level in engineering, scientific, or other technological fields which require the understanding and application of basic engineering, scientific, or mathematical principles or knowledge ; (4) is a public or other nonprofit institution...
Page 207 - Week is sponsored by the National Education Association, the American Legion, the United States Office of Education, and the National Congress of Parents and Teachers," in cooperation with other national, state, and local groups.
Page 42 - ... credits are accepted, on transfer, by not less than three institutions which are so accredited, for credit on the same basis as if transferred from an institution so accredited.
Page 42 - ... certificate, (2) is legally authorized within such State to provide a program of education beyond secondary education, (3) provides an educational program for which it awards a bachelor's degree or provides not less than a two-year program which is acceptable for full credit toward such a degree, (4) is a public or other nonprofit institution, and (5) is accredited by a nationally recognized accrediting agency or association...
Page 42 - Such term also includes any school which provides not less, than a one-year program of training to prepare students for gainful employment in a recognized occupation and which meets the provisions of paragraphs (1), (2), (4), and (5).
Page 213 - All public laws granting medical or hospital treatment, domiciliary care, compensation and other allowances, pension, disability allowance, or retirement pay to veterans and the dependents of veterans of the Spanish-American War, including the Boxer Rebellion and the Philippine Insurrection, and the "World War, or to former members of the military or naval service for injury or disease incurred or aggravated in the line of duty in the military or naval service (except...
Page 184 - ... inculcate a sense of individual obligation to the community, state and nation; to combat the autocracy of both the classes and the masses; to make right the master of might; to promote peace and good will on earth ; to safeguard and transmit to posterity the principles of Justice, Freedom and Democracy; to consecrate and sanctify our comradeship by our devotion to mutual helpfulness.
Page 42 - 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...
Page 332 - The problem at which the tax on unrelated business income is directed is primarily that of unfair competition. The tax-free status of section 101 organizations enables them to use their profits taxfree to expand operations, while their competitors can expand only with the profits remaining after taxes.