Description of a Proposal to Extend Tax Provisions Expiring in 1991 And Revenue-Raising Provision : Scheduled for Markup By the Committee On Finance On November 25, 1991 Jcx-30-91
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In our eReader you can find the full English version of the book. Read Description of a Proposal to Extend Tax Provisions Expiring in 1991 And Revenue-Raising Provision : Scheduled for Markup By the Committee On Finance On November 25, 1991 Jcx-30-91 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Description of a Proposal to Extend Tax Provisions Expiring in 1991 And Revenue-Raising Provision : Scheduled for Markup By the Committee On Finance On November 25, 1991 Jcx-30-91
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The low-income housing credit is scheduled to expire after December 31, 1991.
Legislative Background The low-income housing credit was enacted by the Tax Reform Act of 1986, with an expiration date of December 31, 1989. The credit was substantially revised and extended through December 31, 1990, by the Omnibus Budget Reconciliation Act of 1989 (the 1989 Act). To implement the equivalent of a partial-year extension of the credit, the 1989 Act reduced the annual low-income housing credit ceiling ...for 1990. In years prior to 1990, the credit ceiling for each State was $1.25 multiplied by the State's population. For calendar year 1990, that amount was reduced by 25 percent from $1.25 to SO. 9375.
The Omnibus Budget Reconciliat icn Act of 1990 (the 1990 Act) restored the State credit ceiling applicable for 1990 to $1.25 per resident of the State, and extended authority to allocate the credit through December 31, 1991. In addition, the 1990 Act made technical and other modifications to the credit.
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You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The low-income housing credit is scheduled to expire after December 31, 1991.
Legislative Background The low-income housing credit was enacted by the Tax Reform Act of 1986, with an expiration date of December 31, 1989. The credit was substantially revised and extended through December 31, 1990, by the Omnibus Budget Reconciliation Act of 1989 (the 1989 Act). To implement the equivalent of a partial-year extension of the credit, the 1989 Act reduced the annual low-income housing credit ceiling ...for 1990. In years prior to 1990, the credit ceiling for each State was $1.25 multiplied by the State's population. For calendar year 1990, that amount was reduced by 25 percent from $1.25 to SO. 9375.
The Omnibus Budget Reconciliat icn Act of 1990 (the 1990 Act) restored the State credit ceiling applicable for 1990 to $1.25 per resident of the State, and extended authority to allocate the credit through December 31, 1991. In addition, the 1990 Act made technical and other modifications to the credit.
What to read after Description of a Proposal to Extend Tax Provisions Expiring in 1991 And Revenue-Raising Provision : Scheduled for Markup By the Committee On Finance On November 25, 1991 Jcx-30-91?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Joint Committee On Taxation to read onlineMoreLess
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