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 3
... REDUCTION . - In the case of a postsecondary vocational education contribution , the reduction under paragraph ( 1 ) ( A ) shall be no greater than the amount determined under para- graph ( 3 ) ( B ) . " ( B ) POSTSECONDARY VOCATIONAL ...
... REDUCTION . - In the case of a postsecondary vocational education contribution , the reduction under paragraph ( 1 ) ( A ) shall be no greater than the amount determined under para- graph ( 3 ) ( B ) . " ( B ) POSTSECONDARY VOCATIONAL ...
Page 6
... reduced by the sum of the credits al- lowable for the taxable year under a section of this part having a lower number or letter designa- tion than this section , other than the credits al- lowable by sections 31 , 39 , and 43. For ...
... reduced by the sum of the credits al- lowable for the taxable year under a section of this part having a lower number or letter designa- tion than this section , other than the credits al- lowable by sections 31 , 39 , and 43. For ...
Page 30
... reduced for calendar months at any time during which the asset was not an indexed asset . " ( B ) CERTAIN SHORT SALES . - For pur- poses of applying subparagraph ( A ) , an asset shall be treated as not an indexed asset for any short ...
... reduced for calendar months at any time during which the asset was not an indexed asset . " ( B ) CERTAIN SHORT SALES . - For pur- poses of applying subparagraph ( A ) , an asset shall be treated as not an indexed asset for any short ...
Page 37
... reduced by the amount of any ordi- nary gain which the taxpayer would have realized had the proper- ty been sold at its fair market value on the date of the donation ( sec . 170 ( e ) ) . For example , a manufacturer that makes a ...
... reduced by the amount of any ordi- nary gain which the taxpayer would have realized had the proper- ty been sold at its fair market value on the date of the donation ( sec . 170 ( e ) ) . For example , a manufacturer that makes a ...
Page 40
... reduced rates . Capital assets gen- erally include property held by the taxpayer other than property held for sale to customers and property used in the taxpayer's trade or business . In addition , gain from the disposition of property ...
... reduced rates . Capital assets gen- erally include property held by the taxpayer other than property held for sale to customers and property used in the taxpayer's trade or business . In addition , gain from the disposition of property ...
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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.