Description of Miscellaneous Revenue Proposals: Scheduled for Hearings Before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means on September 8, 21, and 23, 1993 and the House Committee on Ways and Means on September 9, 1993
U.S. Government Printing Office, 1993 - Coal miners - 80 pages
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activities addition allowed amount apply basis beginning benefit body bonds certain charitable coal Code contracts contributions corporation costs date of enactment Date The proposal debt December 31 deduction Description of Proposal determined distribution Effective Date election eligible employee entities example excise tax exempt expenditures expenses extent Federal foreign funding gain gross income imposed income tax increase incurred individual influence interest Internal Revenue Code issued legislation limited loan lobbying losses meaning method obligations operator organization paid payments percent percentage period person placed portion premiums Present Law production Proposal The proposal qualified received regulations respect result rule specified status tax credit tax purposes tax-exempt taxable income taxpayer tion trade or business transfer Treas Treasury treated trust United unrelated wages
Page 42 - ... any person who makes, signs, issues, sells, removes, consigns, or ships the same, or for whose use or benefit the same are made, signed, issued, sold, removed, consigned, or shipped, the several taxes specified in such schedule. The taxes imposed by this section shall, in the case of any article upon which a corresponding stamp tax is now imposed by law, be in lieu of such tax.
Page 72 - It does not add to the value of the property, nor does it appreciably prolong its life. It merely keeps the property in an operating condition over its probable useful life for the uses for which it was acquired. Expenditures for that purpose are distinguishable from those for replacements, alterations, improvements or additions which prolong the life of the property, increase its value, or make it adaptable to a different use. The one is a maintenance charge, while the others are additions to capital...
Page 13 - Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 55 - Contacts, or urges the public to contact, members of a legislative body for the purpose of proposing, supporting, or opposing legislation; or (b) Advocates the adoption or rejection of legislation.
Page 18 - In cases involving contributions to a private foundation (other than certain private operating foundations), the amount of the deduction is limited to the taxpayer's basis in the property. However, under a special rule contained in section 170(e)(5), taxpayers were allowed a deduction equal to the fair market value of "qualified appreciated stock" contributed to a private foundation prior to January 1, 1995.
Page 13 - ... carrying on propaganda, or otherwise attempting, to influence legislation . . . , and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office.
Page 55 - ... any attempt to influence any legislation through an attempt to affect the opinion of the general public or any segment thereof, and (2) any attempt to influence legislation through communication with any member or employee of a legislative body, or with any other government official or employee who may participate in the formulation of the legislation...
Page 56 - ... to, any legislative body with respect to a possible decision of such body which might affect the existence of the private foundation, its powers and duties, its tax-exempt status, or the deduction of contributions to such foundation.