Hearings, Reports and Prints of the Senate Select Committee on Small Business, Parts 1-2U.S. Government Printing Office, 1975 - Legislative hearings |
From inside the book
Results 1-5 of 52
Page 260
... support of our positions on DISCs , Subchapter S , and Depreciation . On Energy , situtation is so fluid that this morning's backup material , would be out - of - date the this afternoon . 2-2 But , gentlemen , we all know that Energy 260.
... support of our positions on DISCs , Subchapter S , and Depreciation . On Energy , situtation is so fluid that this morning's backup material , would be out - of - date the this afternoon . 2-2 But , gentlemen , we all know that Energy 260.
Page 261
... ( DISC ) Domestic International Sales Corporations were established in 1971 to encourage exports . Large corporations recognized their value im- mediately , and by 1972 , over 80 % of the 2 , 249 DISCs were owned by cor- porations with ...
... ( DISC ) Domestic International Sales Corporations were established in 1971 to encourage exports . Large corporations recognized their value im- mediately , and by 1972 , over 80 % of the 2 , 249 DISCs were owned by cor- porations with ...
Page 262
... DISC brought about an ex- tra $ 2 billion of exports in 1973 -- $ 2 billion that would not have been shipped were it not for the DISC incentive . Our research has shown DISCs ' increase in exports is estimated to increase GNP by $ 21 to ...
... DISC brought about an ex- tra $ 2 billion of exports in 1973 -- $ 2 billion that would not have been shipped were it not for the DISC incentive . Our research has shown DISCs ' increase in exports is estimated to increase GNP by $ 21 to ...
Page 265
... ( DISC ) All of the arguments which were made at the time of adoption of the DISC Program are still valid . It is not our purpose to review them in detail here , but to suggest that the primary intent of the program was to provide an ...
... ( DISC ) All of the arguments which were made at the time of adoption of the DISC Program are still valid . It is not our purpose to review them in detail here , but to suggest that the primary intent of the program was to provide an ...
Page 266
... DISC would have a further negative impact on many small businesses . Some small businesses have spent considerable management time and legal expense to establish a DISC , expecting that what seems to be such a fundamentally sound ...
... DISC would have a further negative impact on many small businesses . Some small businesses have spent considerable management time and legal expense to establish a DISC , expecting that what seems to be such a fundamentally sound ...
Contents
3 | |
5 | |
10 | |
20 | |
25 | |
44 | |
66 | |
72 | |
464 | |
489 | |
537 | |
538 | |
546 | |
639 | |
652 | |
663 | |
96 | |
121 | |
134 | |
140 | |
152 | |
160 | |
177 | |
183 | |
206 | |
231 | |
252 | |
265 | |
273 | |
282 | |
302 | |
336 | |
340 | |
392 | |
416 | |
438 | |
670 | |
709 | |
709 | |
709 | |
779 | |
827 | |
857 | |
1043 | |
1100 | |
1114 | |
1285 | |
1311 | |
1316 | |
1347 | |
1373 | |
1386 | |
1428 | |
1430 | |
1543 | |
Other editions - View all
Common terms and phrases
accelerated depreciation acquired additional allowed amount annual areas assets Association average bank billion business investment business tax businessmen capital gains capital gains tax cash Chairman changes Committee on Small companies Congress corporate tax deductions depreciation DISC dollars economic effect Eisner employees employment enterprise equipment equity estate tax estimated expenditures farm Federal Finance firms funds Gaylord Nelson growth impact incentive income tax increase industry inflation input-output models investment tax credit June 18 legislation loans loss manufacturing ment mergers National payroll percent percentage period present President problems production profits proposals purchase reduce reinvestment requirements result retained earnings saving SBIC sector Senator BENTSEN Senator BROCK Senator NELSON shareholders Small Business Committee smaller statement structure Subchapter surtax exemption survey tax laws tax rate tax reform taxation taxpayer tion U.S. Senate venture capital Wisconsin
Popular passages
Page 522 - US Department of Commerce, Bureau of Economic Analysis - National Income and Product Accounts...
Page 402 - transactions by an issuer not involving any public offering" as used in section 4(2) of the Act, shall be deemed to include the offer or sale by a small business investment company, licensed under the Small Business Investment Act of 1958...
Page 8 - There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — ( 1 ) Of property used In the trade or business, or (2) Of property held for the production of Income.
Page 790 - ... section 38 property" means — (A) tangible personal property, or (B) other tangible property (not including a building and its structural components) but only if such property — (i) is used as an integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas, water, or sewage disposal services, or...
Page 400 - Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954.
Page 510 - Apparel and other finished products made from fabrics "and other similar materials 24. Lumber and wood products except furniture 25. Furniture and fixtures 26. Paper and allied products 27. Printing, publishing, and allied industries 28. Chemicals and allied products 29. Petroleum refining and related industries 30.
Page 829 - ... (not necessarily at a uniform rate) , so that the aggregate of the amounts set aside, plus the salvage value, will, at the end of the estimated useful life of the depreciable property, equal the cost or other basis of the property as provided in section 167 (g) and § 1.167 (g)-1. An asset shall not be depreciated below a reasonable salvage value under any method of computing depreciation.
Page 958 - Stat. 1057, 1066, 1067, which granted deduction of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 979 - To answer this question, it is necessary to discount each year's income tax amount at a current interest rate to determine today's value of future revenues. The theory behind the discounting concept states that a dollar in hand today is worth more than a dollar in hand one year from today.
Page 404 - ... invested in the securities (other than Government securities or the securities of other regulated investment companies) of any one issuer, or of two or more issuers which the taxpayer controls and which are determined, under regulations prescribed by the Secretary or his delegate, to be engaged in the same or similar trades or businesses or related trades or businesses.