Unrelated business income tax: hearings before the Subcommittee on Oversight of the Committee on Ways and Means, House of Representatives, One Hundredth Congress, first session, June 22, 25, 26, 29, and 30, 1987

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Stranica 790 - Property used exclusively for school purposes of less than collegiate grade and owned and operated by religious, hospital or charitable funds, foundations or corporations...
Stranica 1074 - To continue and carry on a system of national and international relief in time of peace and apply the same in mitigating the sufferings caused by pestilence, famine, fire, floods, and other great national calamities, and to devise and carry on measures for preventing the same.
Stranica 1032 - The exemption from taxation of money or property devoted to charitable and other purposes is based upon the theory that the Government is compensated for the loss of revenue by its relief from financial burden which would otherwise have to be met by appropriations from public funds, and by the benefits resulting from the promotion of the general welfare.
Stranica 1210 - The problem at which the tax on unrelated business income is directed is primarily that of unfair competition. The tax-free status of section 101 organizations enables them to use their profits taxfree to expand operations, while their competitors can expand only with the profits remaining after taxes.
Stranica 789 - ... (6) The property is irrevocably dedicated to religious, charitable, scientific, or hospital purposes and upon the liquidation, dissolution or abandonment of the owner will not inure to the benefit of any private person except a fund, foundation or corporation organized and operated for religious, hospital, scientific, or charitable purposes...
Stranica 1167 - The Honorable JJ Pickle Chairman. Subcommittee on Oversight Committee on Ways and Means United States House of Representatives Washington, DC 20515 Dear Mr.
Stranica 801 - functionally related business" means — (A) a trade or business which is not an unrelated trade or business (as defined in section 513), or (B) an activity which is carried on within a larger aggregate of similar activities or within a larger complex of other endeavors which is related (aside from the need of the organization for income or funds or the use it makes of the profits derived) to the exempt purposes of the organization. (6) Certain elderly care facilities. — For purposes of this section...

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