Report on the Renegotiation Act of 1951, Volume 36United States. Congress. Joint Committee on Internal Revenue Taxation, United States. Congress. House. Committee on Ways and Means U.S. Government Printing Office, 1968 - 176 pages |
Common terms and phrases
84th Cong added by Pub agency amended amount of excessive Amount Percent amounts received application approved August billion in 1967 buildup business firms contract or subcontract contract pricing contractor or subcontractor CPIF December 31 declined Department of Defense equipment excessive profits determinations Federal Federal Aviation Agency filings firm fixed-price contracts fiscal fiscal year ending fixed fee Fixed price formal advertisement Government incentive contracts increased Internal Revenue Code June 30 Maritime Administration MARITIME SUBSIDY BOARD materials ment military procurement million NASA national defense nonrenegotiable paragraph percent in 1967 percent of total percentage performance price competition profit/sales ratios purchases receipts or accruals received or accrued regulations renegotiable profits renegotiable sales Renegotiation Act Renegotiation Board renegotiation loss reported respect Secretary of Defense section 106 small business standard commercial articles standard commercial service statutory supplies Tax Court tion type of contract United
Popular passages
Page 166 - 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 147 - Department" means the Department of Defense, the Department of the Army, the Department of the Navy, the Department of the Air Force, the Maritime Administration, the Federal Maritime Board, the General Services Administration, the National Aeronautics and Space Administration, the Federal Aviation Agency, and the Atomic Energy Commission.
Page 40 - Any contract, awarded as a result of competitive bidding, for the construction of any building, structure, improvement, or facility other than a contract for the construction of housing financed with a mortgage or mortgages insured under the provisions of Title VIII of the National Housing Act, as now or hereafter amended.
Page 150 - 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 159 - Board, that excessive profits are improbable; or 7 (5) any contract or subcontract with an organization exempt from taxation under section 101 (6) of the Internal Revenue Code...
Page 136 - Board considered as not having a direct or immediate connection with national defense any contract for the furnishing of materials or services to be used by the United States, a Department or agency thereof, in the manufacture and sale of synthetic rubbers to a private person or to private persons which are to be used for nondefense purposes.
Page 170 - Code, in the same manner and to the same extent as decisions of the district courts in civil actions tried without a jury...
Page 138 - United States", when used in a geographical sense, includes the Territories and possessions of the United States, the Commonwealth of Puerto Rico, and the Canal Zone, and the term "domestic corporation...
Page 158 - If the aggregate of the amounts received or accrued during a fiscal year (and on or after the applicable effective date specified in section 102 (a)) by a contractor or subcontractor, and all persons under control of or controlling or under common control with the contractor or subcontractor, under contracts with the Departments and subcontracts...
Page 39 - The Board shall exercise its powers with respect to the aggregate of the amounts received or accrued during the fiscal year (or such other period as may be fixed by mutual agreement) by a contractor or subcontractor under contracts with the Departments and subcontracts...