942 research outputs found
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An Introduction to the Design of the Low-Income Housing Tax Credit
This report discusses the Low-Income Housing Tax Credit (LIHTC), which is a federal provision that reduces the income tax liability of taxpayers claiming the credit. These taxpayers are typically investors in real estate development projects that have traded cash for the tax credits to support the production of affordable housing. The credit is intended to lower the financing costs of housing developments so that the rental prices of units can be lower than market rates, and thus, presumably, affordable
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Proposed Federal Income Tax Exclusion for Civilians Serving in Combat Zones
This report provides information about the tax treatment of both the earned income of members of the Armed Forces serving in combat zones and the earned income of U.S. citizens working overseas. A brief discussion of the possible expansion of income tax exclusion to government civilian employees in a combat zone and an analysis of the relevant policy issues is also included
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The Federal Excise Tax on Gasoline and the Highway Trust Fund: A Short History
Excise taxes have long been a part of our country's revenue history. The federal government first imposed its excise tax on gasoline at a one-cent per gallon rate in 1932 to correct a federal budgetary imbalance. The burden for much of the tax ultimately falls on the consumer. The Highway Revenue Act of 1956 established the federal Highway Trust Fund for the direct purpose of funding the construction of an interstate highway system and aiding in the finance of primary, secondary, and urban routes. This act increased the tax on gasoline from two to three cents per gallon. President Bush recently signed a piece of legislation that calls for the extension of the Highway Trust Fund excise tax and an eventual expiration after September 30, 2011
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Income Tax Relief in Times of Disaster
In response to the devastation caused by Hurricane Katrina, disaster areas have
been designated in 64 parishes in Louisiana, 52 counties in Mississippi, six counties in
Alabama, and three counties in Florida. Special provisions are available for taxpayers
to help recover from the impact of a disaster
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Higher Education Tax Credits: An Economic Analysis
This report provides analysis of the education tax credit program in the context of issues facing Congress in regard to higher education. This report begins with a review of the economic rationale for subsidizing education, then describes federal subsidies for education in general and the education tax credits in particular. An analysis of the education credits follows and the report concludes with a discussion of education tax credit policy options
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An Overview of Tax Benefits for Higher Education Expenses
Report on tax benefits that can be used for higher education expenses, including the associated benefits, student loans, incentives, beneficiaries, and more
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Fundamental Tax Reform: Options for the Mortgage Interest Deduction
Importance of selected critical issues in the field of management information systems as perceived by MIS managers and MIS faculty
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Dissolved Organic Carbon Assessment on Selected Creeks and Rivers within the Elmfork Subwatersheds of Denton, Texas
The primary focus of the study was to compare dissolved organic carbon (DOC) at baseline stream flow to DOC at a higher post-rain stream flow, with a secondary focus on comparison of DOC between sites. Comparisons were also done on suspended solids at baseline flow to those of the higher post-rain flow, as well as suspended solids between sites. Significant differences did exist between DOC sampled at baseline flow and DOC in samples taken at peak flow. The study found no difference in suspended solids among sites neither on either baseflow sampling nor on the post rain event sampling
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List of Temporary Tax Provisions: "Extenders" Expiring in 2005
Several temporary tax provisions will expire this year. Often referred to as “extenders,” these provisions were originally enacted with an expiration date that may well be extended. Several have been extended numerous times in the past, sometimes after their expiration date. The extenders provide special tax treatment for certain types of activities and investment and benefit both individuals and corporations. They occur in a variety of policy areas including wage credits to support employment of certain populations; excise taxes on fuel, tires, and other commodities; energy production incentives; deductions for charitable contributions; special depreciation allowances; and many others
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