Committee PrintsU.S. Government Printing Office, 1969 |
From inside the book
Results 1-5 of 61
Page 15
... municipal obligations . It is further assumed that all of these bonds owned by the taxpayer were issued after July 11 , 1969 and that municipalities have not elected to issue taxable obligations . ( c ) The present and proposed tax ...
... municipal obligations . It is further assumed that all of these bonds owned by the taxpayer were issued after July 11 , 1969 and that municipalities have not elected to issue taxable obligations . ( c ) The present and proposed tax ...
Page 92
... municipal bonds ( IRC Section 265 ( 2 ) ) , and expenses incurred in the production of tax - free income ( IRC Section 265 ( 1 ) ) , such as trustee's fees and other investment expenses attributable to tax - exempt state or municipal ...
... municipal bonds ( IRC Section 265 ( 2 ) ) , and expenses incurred in the production of tax - free income ( IRC Section 265 ( 1 ) ) , such as trustee's fees and other investment expenses attributable to tax - exempt state or municipal ...
Page 94
... municipal bonds heretofore issued and which were bought at a price and with an interest rate entirely predicated on ... municipal bond interest , it would be even more unfair to attempt to tax it through the indirect method prescribed by ...
... municipal bonds heretofore issued and which were bought at a price and with an interest rate entirely predicated on ... municipal bond interest , it would be even more unfair to attempt to tax it through the indirect method prescribed by ...
Page 99
... Municipal Bonds Under The Tax Reform Bill of 1969 ( H.R. 13270 ) Gentlemen : SUMMARY Serious questions exist as to ... municipal bond interest , ( b ) the " allocation of deductions " provisions in section 302 imposing an indirect ...
... Municipal Bonds Under The Tax Reform Bill of 1969 ( H.R. 13270 ) Gentlemen : SUMMARY Serious questions exist as to ... municipal bond interest , ( b ) the " allocation of deductions " provisions in section 302 imposing an indirect ...
Page 100
... municipal bond counsel with regard to the tax reform proposals presently before this Committee as they relate to treatment of the interest on obligations of states and their political subdivisions ( herein " municipal bonds " and ...
... municipal bond counsel with regard to the tax reform proposals presently before this Committee as they relate to treatment of the interest on obligations of states and their political subdivisions ( herein " municipal bonds " and ...
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Common terms and phrases
accelerated depreciation adjusted gross income after-tax allocation of deductions amount apply appreciated securities arbitrage assets buildings capital gains cash changes charitable contributions charitable deductions computed Congress construction corporate costs disallowed dollars economic equilibrium economic growth eliminate equity excess farm Federal income tax funds gifts House Bill increase individual industry inflation interest rates Internal Revenue Code Internal Revenue Service investor issue itemized deductions legislation limit on tax loan million modified by administration's mortgage municipal bonds needed ordinary income percentage personal deductions problems programs projects provisions real estate real estate investment recapture reduce rental housing residential result Section 277 Fraction Section 302 Senate Finance Committee September 25 shopping center standard deduction subsidy symphony orchestras tax benefits Tax Cut tax exempt tax incentives tax preference income tax rates tax returns tax treatment taxable income taxation TAXPAYER MODEL tion total tax Treasury proposal urban
Popular passages
Page 280 - realization as soon as feasible of the goal of a decent home and a suitable living environment for every American family". The Congress reaffirms this national housing goal and determines that it can be substantially achieved within the next decade by the construction or rehabilitation of twenty-six million housing units, six million of these for low and moderate income families.
Page 53 - That in the case of mines, oil and gas wells, discovered by the taxpayer, on or after March 1, 1913, and not acquired as the result of purchase of a proven tract or lease, where the fair market value of the property is materially disproportionate to the cost...
Page 338 - ... (3) Certain tax-free transactions. If the basis of property in the hands of a transferee Is determined by reference to its basis in the hands of the transferor by reason of the application of section 332...
Page 271 - ... the importance and the impact the proposed legislation affecting the administration of public lands may have on the Western States, we feel that additional information should be developed and field hearings held in the Western States. Again, I wish to thank the chairman and members of this committee for the privilege of appearing before you today on behalf of the Nevada Wool Growers Association.
Page 128 - Mr. Chairman, I wish to thank you and the members of this committee for...
Page 325 - ... small investors can secure advantages normally available only to those with larger resources. These advantages include the spreading of the risk of loss by the greater diversification of investment which can be secured through the pooling arrangements; the opportunity to secure the benefits of expert investment counsel ; and the means of collectively financing projects which the investors could not undertake singly.
Page 101 - One may not be subjected to greater burdens upon his taxable property solely because he owns some that is free. No device or form of words can deprive him of the exemption for which he has lawfully contracted.
Page 366 - Congress to provide for fair and impartial regulation of all modes of transportation subject to the provisions of the act, so administered as to recognize and preserve the inherent advantages of each...
Page 211 - We are relieved, as we ought to be, from clashing sovereignty; from interfering powers; from a repugnancy between a right in one government to pull down what there is an acknowledged right in another to build up; from the incompatibility of 3 right in one government to destroy what there is a right in another to preserve.
Page 90 - These loans are made for the purpose of financing the improvement, expansion, construction, acquisition, and operation of telephone lines, facilities, or systems to furnish or improve telephone service in rural areas.