1981-82 Miscellaneous Tax Bills: Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-seventh Congress, Second Session, on ...U.S. Government Printing Office, 1982 |
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amateur athletes amateur sports organizations amendment athletic facilities athletic organizations banks Bob Packwood carryforward treatment Chairman classified Committee on Finance CONGRESS LIBRARY CONGRESS THE LIBRARY Debt Management December 11 deduction enactment excise tax exempt status facilities and equipment facilities or equipment Fannie Mae Federal National Mortgage financial institutions FNMA FNMA's foster national funds housing industry interest rates Internal Revenue Code Internal Revenue Service international competition legislation Libraries Association LIBRARY OF CONGRES LIBRARY OF CONGRESS library's Linda Hall Library Louis Mercantile Library Luge Missouri national governing bodies National Mortgage Association national or international operating loss carryback percent portfolio private foundation status private operating foundation public charities publicly supported purpose qualified library savings and loan section 501 Senate Bill 696 Senator Danforth Senator PACKWOOD Senator Stevens serve the public Subcommittee on Taxation Tax Reform Act tax-exempt status Taxation and Debt thrift institutions tion Treasury U.S. Olympic Committee United Washington
Popular passages
Page 85 - A corporation, trust, or community chest, fund, or foundation, created or organized in the United States or in any possession thereof or under the law of the United States...
Page 89 - I am glad to have this opportunity to appear before you today to present the views of the Treasury Department in support of HR 12586.
Page 7 - This restriction on the provision of athletic facilities and equipment is intended to prevent the allowance of these benefits for organizations which, like social clubs, provide facilities and equipment for their members. This provision is not intended to adversely affect the qualification for charitable tax-exempt status or tax deductible contributions of any organization which would qualify under the standards of prior law.
Page 6 - ... realty (land and buildings) and does not include intangible property such as stock or securities. If tangible personalty is contributed to a public charity such as a museum, church, or university, the charitable deduction may have to be reduced. The amount of the reduction is the long-term capital gain that would have been recognized if the property had been sold for its fair market value. The reduction is required // the property is put to an unrelated use.
Page 70 - The Joint Committee on Taxation's General Explanation of the Tax Reform Act of l969 states that a reason for the ten year carryback was to provide *J such protection.
Page 3 - 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 to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment...
Page 7 - ... qualified amateur sports organization" means any organization organized and operated exclusively to foster national or international amateur sports competition if such organization is also organized and operated primarily to conduct national or international competition in sports or to support and develop amateur athletes for national or international competition in sports. (k) Treatment of certain organizations providing child care For purposes of subsection (c)(3) of this section and sections...
Page 115 - Federal and state chartered minority savings and loan associations in 25 states and the District of Columbia. Undertakes programs to increase the income of and savings flow into the associations including a direct solicitation effort; provides counseling and technical assistance for member associations...
Page 51 - The federal savings bank bill also enjoyed widespread supixirt among private mortgage and housing groups, including the Mortgage Bankers Association of America, the National Association of Home Builders, the National Association of Real Estate Boards, the 1'nited States Savings and Loan League, as well as the National Association of Mutual Savings Banks.
Page 8 - ... to conduct national or international competition in sports included on the program of the Olympic games or the Pan-American games or (2) to support and develop amateur athletes for national or international competition in such sports.