Legislative recommendations of the President's Private Sector Survey on Cost Control within the tax writing jurisdiction of the Committee on Fianance: scheduled for a hearing before the Senate Committee on Finance on February 8, 1984 |
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3-year period alcohol and tobacco Amend Background Under present budget cash acceleration Committee on Education Committee on Finance COST CONTROL cost savings Credit Banks credit unions dation Education and Labor electronic funds transfers employers ERISA exempt from Federal exemption from tax Farm Credit System Federal income tax Federal Land Bank FHLMC Financial Asset Management Force on Boards/Commissions-Banking foreclosure House Committee Impact The Survey increase revenues inland waterways Intracoastal Waterways Land Bank Associations million notice of levy past-due support payments present law PRESIDENT'S PRIVATE SECTOR Prior Congressional Action PRIVATE SECTOR SURVEY rail employees Railroad Retirement Board Railroad Unemployment receipts Recommendation 1-1 reduce interest costs Report on Financial return information returns and return revenue bonds revenue increase risk-related premium rate Senate Committee Sickness Insurance social security subsidy Survey estimated SURVEY ON COST Survey recommends Tax Court tax return taxation taxpayer tion tobacco excise taxes tobacco taxes underfunded Unemployment and Sickness
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Page 19 - State agency, other agencies needing information about US citizens tend to seek it from the IRS. Before the enactment of the Tax Reform Act of 1976, disclosure of tax returns and tax information, and any rules of confidentiality, was largely a matter of executive and administrative practice. In general, now, returns and return information are confidential and are not subject to disclosure to Federal or State agencies or employees except as specifically provided in Code section 6103. For these purposes,...
Page 19 - Return information would be a tax return, information return, declaration of estimated tax, or claim for refund...
Page 6 - Section 1382(b) provides that the amount of certain patronage dividends (and amounts paid in redemption of nonqualified written notices of allocation) shall not be taken into account by a cooperative organization in determining its taxable income. Such section also provides that, for purposes of the Internal Revenue Code, an amount not taken into account is to be treated in the same manner as an item of gross income and as a deduction therefrom. Therefore, such an amount is treated as a deduction...
Page 2 - Specify areas where further study can be justified by potential savings. o Provide information and data relating to governmental expenditures ,' indebtedness , and personnel management. The Executive Order also provided that "the Committee is to be funded, staffed and- equipped ... by the private sector without cost to the Federal . Government ." To implement this objective, the Foundation for the President's Private Sector Survey on Cost Control was established.
Page 11 - Revenues from the inland waterways fuel excise tax are transferred periodically to the Inland Waterways Trust Fund. Amounts in the Trust Fund are available, as provided by authorization and appropriation acts, for making construction and rehabilitation expenditures for navigation on those 26 specified inland or intracoastal waterways, the commercial use of which is subject to the fuel excise tax.
Page 14 - PICA and withholding taxes at the end of any month must deposit those taxes within 15 days after the end of that month. However, employers...
Page 6 - System was established to provide a dependable source of both long and short term credit for farmers and stockmen and their cooperative associations. These credit services are supplied in each of the 12 Farm Credit districts by a Federal land bank, and a bank for cooperatives.
Page 19 - ... any part of an IRS written determination or background file document not open to public inspection.