Renegotiation Act of 1951 as Amended Through August 3, 1955United States. Congress. Joint Committee on Internal Revenue Taxation, United States. Congress Senate U.S. Government Printing Office, 1955 - 23 pages |
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Common terms and phrases
83d Cong 84th Cong 92d Cong added by Pub Administration amended by Pub amendments apply amount of excessive amounts received applies with respect apply to amounts approved August approved July approved September article or service changed to June contract or subcontract contractor or sub contractor or subcon contractor or subcontractor Contracts Price Adjustment Court of Claims December 31 determining the amount durable productive equipment elimination of excessive ending after June excessive profits determined excessive profits received Federal Aviation Agency filed fiscal year ending Internal Revenue Code italics in section June 30 least 35 percent Matter in italics ment October 24 paragraph Price Adjustment Board provisions Public Law purposes receipts or accruals received or accrued regulations prescribe related subcontracts Renegotiation Board respect to fiscal Secretary section 106 sentence of section standard commercial article standard commercial service Tax Court term standard commercial tion tractor United United States Code withheld
Popular passages
Page 3 - President may authorize, subject to such regulations as he may prescribe, the Department of the Army, the Department of the Navy, the Department of the Air Force, the Department of Commerce...
Page 19 - The principal office of the Board shall be in the District of Columbia, but it may meet and exercise any or all of its powers at any other place.
Page 6 - Government agency" means any executive department, commission, independent establishment, corporation wholly or partly owned by the United States which is an instrumentality of the United States, board, bureau, division, service, office, officer, authority, administration, or other establishment, in the executive branch of the Government.
Page 15 - I7 (5) any contract or subcontract with an organization exempt from taxation under section 101 (6) of the Internal Revenue Code...
Page 15 - ... any contract which the Board determines does not have a direct and immediate connection with the national defense. The Board shall prescribe regulations designating those classes and types of contracts which shall be exempt under this paragraph; and the Board shall, in accordance with regulations prescribed by it, exempt any individual contract not falling within any such class or type if it determines that such contract does not have a direct and immediate connection with the national defense.
Page x - Code, in the same manner and to the same extent as decisions of the district courts in civil actions tried without a jury...
Page 13 - If the aggregate of the amounts received or accrued during a fiscal year (and on or after the applicable effective date specified in section...
Page 3 - Commission involving danger to life or property or due to damage to equipment, or (2) during a national emergency proclaimed by the President or declared by the Congress and during the continuance of any war in which the United States is engaged...
Page 1 - Departments specifically named in section 103(a), and related subcontracts, to the extent of the amounts received or accrued by a contractor or subcontractor on or after the first day of January 1951...
Page 16 - ... for the purchase of real property, perishable goods, or commodities the minimum price for the sale of which has been fixed by a public regulatory body, of leases and license agreements, and of agreements where the period of performance under such contract or subcontract will not be in excess of thirty days...