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Home > Art, Film & Photography > Present Law and Proposals Relating to Tax Incentives for Economically Distressed Areas: Scheduled for a Hearing Before the Subcommittee on Oversight of the House Committee on Ways and Means on March 21, 2000
Present Law and Proposals Relating to Tax Incentives for Economically Distressed Areas: Scheduled for a Hearing Before the Subcommittee on Oversight of the House Committee on Ways and Means on March 21, 2000

Present Law and Proposals Relating to Tax Incentives for Economically Distressed Areas: Scheduled for a Hearing Before the Subcommittee on Oversight of the House Committee on Ways and Means on March 21, 2000


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About the Book

OCLC Number: (OCoLC)56622830 Subject: Community development -- Law and legislation -- United States. Excerpt: ... " D.C. Zone business stock " is stock in a domestic corporation originally issued after 26 December 31, 1997, that, at the time of issuance and during substantially all of the taxpayer's holding period, was a qualified D.C. Zone business, provided that such stock was acquired by the taxpayer on original issue from the corporation solely in exchange for cash before January 1, 27 2003. A " D.C. Zone partnership interest " is a domestic partnership interest originally issued after December 31, 1997, that is acquired by the taxpayer from the partnership solely in exchange 28 for cash before January 1, 2003, provided that, at the time such interest was acquired and during substantially all of the taxpayer's holding period, the partnership was a qualified D.C. Zone business. 29 The term " D.C. Zone business property " is defined as tangible property purchased by the taxpayer after December 31, 1997, and before January 1, 2003, provided that the original use of such property in the D.C. Enterprise Zone commences with the taxpayer and substantially all of the use of such property during substantially all of the taxpayer's holding period was in a qualified D.C. Zone business of the taxpayer. Special rules are provided for buildings that are substantially renovated. In general, gain eligible for the zero-percent tax rate means gain from the sale or exchange of a qualified D.C. Zone asset that is ( 1 ) a capital asset or ( 2 ) property used in the trade or business as defined in section 1231 ( b ). Gain that is attributable to real property, or to intangible assets, qualifies for the zero-percent rate, provided that such real property or intangible 26 In the case of a new corporation, it is sufficient if the corporation is being organized for purposes of being a qualified D.C. Zone business. 27 D.C. Zone business stock does not include any stock acquired from...


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Product Details
  • ISBN-13: 9781234286019
  • Publisher: Books LLC
  • Publisher Imprint: Books LLC
  • Height: 246 mm
  • No of Pages: 32
  • Spine Width: 2 mm
  • Weight: 77 gr
  • ISBN-10: 1234286017
  • Publisher Date: 20 Jun 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Scheduled for a Hearing Before the Subcommittee on Oversight of the House Committee on Ways and Means on March 21, 2000
  • Width: 189 mm


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Present Law and Proposals Relating to Tax Incentives for Economically Distressed Areas: Scheduled for a Hearing Before the Subcommittee on Oversight of the House Committee on Ways and Means on March 21, 2000
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Present Law and Proposals Relating to Tax Incentives for Economically Distressed Areas: Scheduled for a Hearing Before the Subcommittee on Oversight of the House Committee on Ways and Means on March 21, 2000
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