The Internal Revenue Code of 1954: Hearings Before the Committee on Finance, United States Senate, Eighty-third Congress, Second Session, on H.R. 8300, an Act to Revise the Internal Revenue Laws of the United States, Parts 3-4 |
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Page 1193
... permit a detailed explanation of these items . Although the House committee did not act upon the excise tax administrative provisions generally , it did make an inadvertent error in the course of recodifying the credit and refund ...
... permit a detailed explanation of these items . Although the House committee did not act upon the excise tax administrative provisions generally , it did make an inadvertent error in the course of recodifying the credit and refund ...
Page 1194
... permit elimination of the present cumbersome monthly exempton certificate procedure . 3. The refund and credit provisions should be expanded to make clear that any licensed manufacturer , dealer , or exporter may recover the tax paid ...
... permit elimination of the present cumbersome monthly exempton certificate procedure . 3. The refund and credit provisions should be expanded to make clear that any licensed manufacturer , dealer , or exporter may recover the tax paid ...
Page 1224
... permit any credit for the United States tax on capital gains in practical effect permits Canada to collect a higher tax than it otherwise would and the result is that the United States citizens are subjected to double taxation on such ...
... permit any credit for the United States tax on capital gains in practical effect permits Canada to collect a higher tax than it otherwise would and the result is that the United States citizens are subjected to double taxation on such ...
Page 1243
... permit the taxpayer to aggre- gate his mineral interests for computing depletion ; cost as well as percentage depletion . Anyone acquainted with mining will recognize the difficulties which may arise from the assembling of various prop ...
... permit the taxpayer to aggre- gate his mineral interests for computing depletion ; cost as well as percentage depletion . Anyone acquainted with mining will recognize the difficulties which may arise from the assembling of various prop ...
Page 1244
... permit the taxpay to aggregate his mineral interests for the purpose of computing depletion . T rule should not ... permits forming one aggregate group of interests in operating unit but requires that all others not included in the ...
... permit the taxpay to aggregate his mineral interests for the purpose of computing depletion . T rule should not ... permits forming one aggregate group of interests in operating unit but requires that all others not included in the ...
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Popular passages
Page 1482 - The aggregate amounts excludable under paragraph (1) with respect to the death of any employee shall not exceed $5,000. (B) Nonforfeitable rights. Paragraph (1) shall not apply to amounts with respect to which the employee possessed, immediately before his death, a nonforfeitable right to receive the amounts while living.
Page 1637 - The economic philosophy behind the clause empowering Congress to grant patents and copyrights is the conviction that encouragement of individual effort by personal gain is the best way to advance public welfare through the talents of authors and inventors in "Science and useful Arts.
Page 1586 - States, upon or with respect to the accumulated profits of such foreign corporation from which such dividends were paid, which the amount of...
Page 1652 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 1651 - ... such deficiency may be assessed before the expiration of such 3-year period notwithstanding the provisions of section 6212 (c) or the provisions of any other law or rule of law which would otherwise prevent such assessment.
Page 1652 - ... forthwith in good faith, under regulations prescribed by the Commissioner with the approval of the Secretary, expended in the acquisition of other property similar or related in service or use to the property so converted, or in the acquisition of control of a corporation owning such other property, or in the establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended...
Page 1336 - A power does not fall within the powers described in this paragraph if any person has a power to add to the beneficiary or beneficiaries or to a class of beneficiaries designated to receive the income or corpus except where such action is to provide for after-born or after-adopted children.
Page 1222 - In the case of a corporation, there shall be allowed as a deduction an amount equal to the following percentages of the amount received as dividends from a domestic corporation which is subject to taxation under this chapter...
Page 1480 - ... if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph to be received without the recognition of gain, but also of other property or money, then the gain, if any, to the recipient shall be recognized, but in an amount not in excess of the sum of such money and the fair market value of such other property.
Page 1328 - extraction of the ores or minerals from the ground" includes the extraction by mine owners or operators of ores or minerals from the waste or residue of prior mining. The...