Budget Requirements of the District of Columbia: Hearings Before the Joint Subcommittee on Fiscal Affairs of the Committees on the District of Columbia, Congress of the United States, Eightieth Congress, First Session, on Methods of Acquiring Additional Revenue Through Taxes and Other Means. Mar. 18, 19, 20, 25, 26, 27, Apr. 1, 2, 3, 8, 9, 10, 16, 19, and 21, 1947 |
From inside the book
Results 1-5 of 100
Page 44
... figures over here . But so as not to complicate it and bring it all in the allied activities of the Police Department , we translated that into what it would be as to the total possible appropriation at that time . The figure was 14.7 ...
... figures over here . But so as not to complicate it and bring it all in the allied activities of the Police Department , we translated that into what it would be as to the total possible appropriation at that time . The figure was 14.7 ...
Page 48
... figures that we have furnished you are from the official records of the District of Columbia , except , of course . those figures dealing with anticipated revenues . If we are as success- ful in the future in anticipating revenue as we ...
... figures that we have furnished you are from the official records of the District of Columbia , except , of course . those figures dealing with anticipated revenues . If we are as success- ful in the future in anticipating revenue as we ...
Page 49
... figures , I have little faith in their forecast . ( 2 ) The other thing they have endeavored to do to show sufficient funds are available for major capital improvements is to stabilize fixed expenses , maintenance and operation and ...
... figures , I have little faith in their forecast . ( 2 ) The other thing they have endeavored to do to show sufficient funds are available for major capital improvements is to stabilize fixed expenses , maintenance and operation and ...
Page 51
... figures as to highway safety and stated whether the gas tax be 3 or 7 cents , the staggering loss of human lives is too grave to longer quibble over pennies . Selfish interests ' opposition will never aid . We have no quarrel to pick ...
... figures as to highway safety and stated whether the gas tax be 3 or 7 cents , the staggering loss of human lives is too grave to longer quibble over pennies . Selfish interests ' opposition will never aid . We have no quarrel to pick ...
Page 57
... figures represent ? Mr. PILKERTON . Those figures in the last two columns were taken from the 1947 and 1948 budget and therefore are estimated . Mr. BATES . Are they regular District employees on a salaried basis or are they per diem ...
... figures represent ? Mr. PILKERTON . Those figures in the last two columns were taken from the 1947 and 1948 budget and therefore are estimated . Mr. BATES . Are they regular District employees on a salaried basis or are they per diem ...
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Other editions - View all
Common terms and phrases
additional amount Anacostia River appropriation Arlington County assessed Assessor AULD average basis BATES bill Board budget buildings candy capital improvements capital outlay Capital Transit Co cents Chairman CHRISTIANSEN cigarettes Commissioner MASON Commissioner YOUNG committee Congress cost DENT District government District of Columbia dollars domicile estimated exempt expenditures expenses Federal Government figures filed fiscal FOWLER gallons gasoline tax going hear Highway Department highway fund HUFF included income tax increase June 30 KEETING labor license Maryland Massachusetts McCOACH ment municipal O'HARA Office operating paid Park payment percent period person personnel police present projects proposed Public Law purchase question residents retail revenue RUHLAND salary sales tax schools Senator CAIN statement streets tax imposed taxable taxpayer thing tion traffic United Virginia Washington Washington Aqueduct WHITEHURST XANTEN
Popular passages
Page 425 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 425 - 2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation or maintenance of property held for the production of income.
Page 426 - The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred," dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different period. SECTION 48. When used in this title . . . . (c) The terms "paid or incurred
Page 425 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 437 - Where before the expiration of the time prescribed in section 275 for the assessment of the tax, both the Commissioner and the taxpayer have consented in writing to its assessment after such time, the tax may be assessed at any time prior to the expiration of the period agreed upon. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon.
Page 432 - There shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year which Is to be distributed currently...
Page 422 - Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare...
Page 433 - Is, or In the discretion of the grantor or of any person not having a substantial adverse Interest In the disposition of such part of the income may be, applied to the payment of premiums upon policies of insurance on the life of the grantor (except policies of Insurance Irrevocably payable for the purposes • • • relating to the so-called "charitable contribution" deduction) ; then such part of the Income of the trust shall be Included in computing the net Income of the grantor.
Page 431 - ... there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year...
Page 426 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.