1981-82 Miscellaneous Tax Bills: Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-seventh Congress, Second Session, on ...U.S. Government Printing Office, 1982 - Taxation |
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Common terms and phrases
accelerated depreciation acquisition Ahmanco AHMANSON FOUNDATION SUMMARY Ahmanson shares Ahmanson stock amend assets back taxes BELIN bill California Attorney California Supreme Court Center Chairman CONGRESS THE LIBRARY customers divestiture eligibility enacted ERTA excess business holdings Federal FISCAL YEAR NOVEMBER Foundation's Ahmanson Fund Goldman Goldman Sachs GRANTS DISBURSED holding company Home Savings institutions Internal Revenue Code Internal Revenue Service investment credit investment tax credit legislation LIBRARY OF CONGRESS litigation loan association loan industry loan stocks March million normalization requirements normalization rules Pacific Telephone percent period premium private foundation public offering public utility property ratemaking purposes refund regulations result Sachs savings and loan SCHEDULE OF GRANTS secondary offering Senator HAYAKAWA Senator PACKWOOD September 23 shareholders shares of Ahmanson single buyer Southern California Gas special rule SUBCOMMITTEE ON TAXATION subparagraph SUMMARY OF SCHEDULE tax benefits tax expense tax liability Tax Reform Act TAXATION AND DEBT transition rule utility's
Popular passages
Page 6 - In order to use a normalization method of accounting with respect to any public utility property — "(i) the taxpayer must use the same method of depreciation to compute both its tax expense and its depreciation expense for purposes of . establishing its cost of service for ratemaking purposes and for reflecting operating results in its regulated books of account, and "(ii) if, to compute its allowance for depreciation under this section, it uses a method of depreciation other than the method it...
Page 69 - New Jersey Bell Telephone Company. The Bell Telephone Company of Pennsylvania. The Diamond State Telephone Company. The Chesapeake and Potomac Telephone Company.
Page 70 - ... unless such estimate or projection is also used, for ratemaking purposes, with respect to the other 2 such items and with respect to the rate base.
Page 6 - Telephone services, or other communication services if furnished or sold by the Communications Satellite Corporation for purposes authorized by the Communications Satellite Act of 1962 (47...
Page 70 - Use of inconsistent estimates and projections The procedures and adjustments which are to be treated as inconsistent for purposes of clause (i) shall include any procedure or adjustment for ratemaking purposes which uses an estimate or projection of the...
Page 60 - We believe that there is little to be gained and much to be lost if taxpayer information submitted in connection with private ruling letters is not accorded the same degree of confidentiality as other forms of tax information. Accordingly...
Page 27 - Well, in general you support the provisions regarding disqualifications in the bill as reported by the Ways and Means Committee and passed by the House.
Page 15 - California should be allowed more time to divest itself of certain excess business holdings in accordance with the provisions of the Tax Reform Act of 1969.
Page 69 - Telephone Company, Incorporated Michigan Bell Telephone Company The Mountain States Telephone and Telegraph Company New England Telephone and Telegraph Company New Jersey Bell Telephone Company New York Telephone Company Northwestern Bell Telephone Company The Ohio Bell Telephone Company Pacific Northwest Bell Telephone Company The Pacific Telephone and Telegraph Company and Bell Telephone Company of Nevada South Central Bell Telephone Company Southern Bell Telephone...
Page 17 - To amend sections 46(0 and 1670) of the Internal Revenue Code of 1954 with respect to the treatment of public utility property.