Chairman Rostenkowski's Modification to Revenue Offset Provisions of the Chairman's Mark Dated July 18, 1989 Jcx-41-89
Chairman Rostenkowski's Modification to Revenue Offset Provisions of the Chairman's Mark Dated July 18, 1989 Jcx-41-89
United States. Congress. Joint Committee On Taxation
The book Chairman Rostenkowski's Modification to Revenue Offset Provisions of the Chairman's Mark Dated July 18, 1989 Jcx-41-89 was written by author United States. Congress. Joint Committee On Taxation Here you can read free online of Chairman Rostenkowski's Modification to Revenue Offset Provisions of the Chairman's Mark Dated July 18, 1989 Jcx-41-89 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Chairman Rostenkowski's Modification to Revenue Offset Provisions of the Chairman's Mark Dated July 18, 1989 Jcx-41-89 a good or bad book?
What reading level is Chairman Rostenkowski's Modification to Revenue Offset Provisions of the Chairman's Mark Dated July 18, 1989 Jcx-41-89 book?
To quickly assess the difficulty of the text, read a short excerpt:
Minimum basis . — In the case of an eligible asset held 5 years or less, the minimum basis would be zero. In the case of an eligible asset held more than 5 years but not more than 10 years, the minimum basis would be 25 percent of the sales price of the asset. In the case of an eligible asset held more than 10 years, the minimum basis would be 50 percent of the sales price of the asset. This minimum basis rule would not reduce the amount included in income as a result of the recapture of the en...tire amount of depreciation, amortization, or depletion deductions previously taken with respect to a property, but could be used to offset additional gain. d. Eligible assets . — Assets eligible for indexing and the minimim basis rule would include corporate stock (other than certain preferred stock and certain stock in foreign corporations), real property, timber, and other tangible assets which are capital assets or assets used in a trade or business. Collectibles, intangible assets (other than corporate stock), debt instruments, and options would not be eligible assets.
User Reviews: