person, goods which were substantially identical to such property and which were not manufactured, produced, grown, or extracted in the United States" subsidized contracts qualify
for export benefits; see Pegs.
Finally, we disagree with the plan's implication that utility costs never qualify
for the credit.
Under federal law, a bypass trust can be named the beneficiary and still qualify
as a DB provided the following five requirements under proposed regulations section 1.401(a)(9)-1 D-5A are met:
The Former Military Facility Development Act, enacted in 1994, provides for quarterly incentive payments based on creation and maintenance of new direct jobs by business establishments that locate their principal business activity in the state at a former military facility.(29) To qualify
, the business establishment must meet the qualifications specified in the Oklahoma Quality Jobs Program Act, except that it must have a projected annual gross payroll for new direct jobs equal to at least $1.5 million but less than $2.5 million within three years of the anticipated date of receipt of its first incentive payment.(30)
Similar to the FSC provisions, there are foreign economic processes that must be met to qualify
for the Act's benefits.
* IN UNITED STATIONERS, THE DISTRICT COURT SAID the taxpayer did not qualify
for the research credit because its software development activities did not satisfy the discovery and process of experimentation requirements.
In light of these changes, taxpayers who initially determined that particular expenditures did not qualify
under the 1983 or 1989 proposed regulations should reexamine whether they qualify
under the less-restrictive standards of the final regulations.
Generally, under the so-called "terminable interest rule" terminable interests do not qualify
for the marital deduction; see Sec.
Rather than risking even a one-year hold to qualify
for long-term gain treatment, the stock can be held for as little as six months, and the proceeds reinvested in new qualifying stock within 60 days, with no immediate tax paid on the transaction.
It states that when two or more eligible individuals qualify
with respect to the same child, only the individual with the highest modified adjusted gross income can claim the credit.
, improvements must not be attributable to (1) a building less than three years old, (2) an enlargement of the building, (3) the building's internal structural framework, (4) a structural component benefiting common areas or (5) an elevator or escalator.
Under the new rules, only the limited circumstances specifically listed qualify
as changes in status.