Miscellaneous Minor Tax Bills: Public Hearing Before the Committee on Ways and Means, House of Representatives, Ninety-fourth Congress, First Session ... December 10, 1975U.S. Government Printing Office, 1975 - 206 pages |
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Common terms and phrases
ad valorem tax aircraft museums AL ULLMAN allowed amend section amount banks barrels beer beneficiary bonded premises bottled in bond bracket system BRANDON Brewery Brewing Co Brewing Company BURKE cemetery Chairman charitable remainder cigars common trust fund CONABLE Confederate Air Force CONGRESS THE LIBRARY corporation credit or refund December 31 distilled spirits plant distribution Effective date enactment excise tax export face-amount certificates Federal GIBBONS income tax industry insurance company interest Internal Revenue Code Internal Revenue Service investment income Investors Syndicate issue KARTH legislation LIBRARY OF CONGRESS manufacturers ment million O'SHEA option ordinary income paragraph payment percent permit policyholders surplus account political organization produced purposes RANGEL regulations returned to bonded Revenue effect revenue loss RICHMOND Schneebeli shareholders small brewers social clubs sold stamps STARK STEIGER subsection tax reform bill taxable taxpayer testimony tion trade or business trailers tread rubber Treasury Department truck unitrust WAGGONNER
Popular passages
Page 192 - All that can be required of a trustee to invest, is, that he shall conduct himself faithfully and exercise a sound discretion. He is to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their funds, considering the probable income, as well as the probable safety of the capital to be invested.
Page 200 - In the case of a minister of the gospel, gross Income does not include— (1) The rental value of a home furnished to him as part of his compensation; or (2) The rental allowance paid to him as part of his compensation, to the extent used by him to rent or provide a home.
Page 10 - ... (2) Examination of books and witnesses. For the purpose of ascertaining the correctness of any claim made under this section, or the correctness of any payment made in respect of any such claim, the Secretary...
Page 73 - An article shall be considered as 'held by a dealer* if title thereto has passed to such dealer (whether or not delivery to him has been made), and if for purposes of consumption title to such article or possession thereof has not at any time been transferred to any person other than a dealer.
Page 72 - ... there shall be credited or refunded (without interest) to the manufacturer, producer, or importer an amount equal to the difference between the tax paid by such manufacturer, producer, or importer on his sale of the article...
Page 193 - ... any common trust fund or similar fund maintained by a bank exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian...
Page 44 - States, by whatever name such liquors may be called, a tax of $9 for every barrel containing not more than thirty-one gallons, and at a like rate for any other quantity or for the fractional parts of a barrel authorized and defined by law.
Page 173 - State or local government for the exclusive use of a State or local government...
Page 189 - Federal property where local educational agencies are unable to provide such education, is amended by inserting after the first sentence the following new sentence: "Such...
Page 72 - No manufacturer, producer, or importer shall be entitled to credit or refund under subsection (a) unless he has in his possession such evidence of the inventories with respect to which the credit or refund is claimed as may be required by regulations prescribed under this section.