The bill seeks to amend the National Internal Revenue Code
by imposing a unitary tax rate of six percent of the value of the net estate.
The Reorganization Plan's [section] 102 transfers to the Secretary of Labor the Secretary of the Treasury's authority to interpret Internal Revenue Code
[section] 4975, with some exceptions (none of which constrains what the investment-advice fiduciary rule does).
The Internal Revenue Code
was amended in 1996 to provide that emotional distress is not treated as a physical injury or physical sickness for purposes of section 104; as a result all damages other than those for physical injury fall within the general inclusion rule of section 61.
The Internal Revenue Code
applies a liberal standard to what constitutes like-kind property when dealing with real estate.
In 2004, Senator Charles Grassley, Chairman of the Senate Finance Committee, who was a key sponsor of the 1986 False Claims Act Amendments, proposed revisions to section 7623 of the internal Revenue Code
that would have created a whistleblower framework similar in key respects to the False Claims Act.
Under Section 911 of the Internal Revenue Code
Summary: Amends the Internal Revenue Code
of 1986 to allow a deduction from gross income for adult day and respite care expenses of individual taxpayers with respect to a dependent of the taxpayer who suffers from Alzheimer's disease or related organic brain disorders.
On the third point, the Internal Revenue Code
prohibits anyone involved in the preparation of tax returns from knowingly or recklessly disclosing or using the tax-related information provided other than in connection with the preparation of such returns.
This was further expanded under Internal Revenue Code
Section 264(a)(3), which states, "a deduction is denied for interest paid on an indebtedness incurred or continued to purchase or carry a life insurance, endowment or annuity contract...pursuant to a plan of purchase which contemplates the systematic direct or indirect borrowing of (sic) part of or all of the increases in the cash value of such contract either from the insurer or otherwise."
Section 501(c)(3) of the Internal Revenue Code
prohibits nonprofit organizations, including churches, from intervening in political campaigns on behalf of or in opposition to candidates for public office.
The positive aspect to President Clinton's veto of the recent tax bill is that thousands more words won't be added to the Internal Revenue Code
and its regulations.
The proposed ruling is helpful to understand whether a recruitment initiative will cause a hospital that is exempt from taxation pursuant to section 501(c)(3) of the Internal Revenue Code
to violate the organizational and operational requirements necessary for continued tax exemption.