THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Doc Contents      

S.822

Flat Tax Act of 1999 (Introduced in the Senate)

`PART II--TAX ON BUSINESS ACTIVITIES

`Sec. 11. Tax imposed on business activities.

`SEC. 11. TAX IMPOSED ON BUSINESS ACTIVITIES.

`(aa) in direct connection with appearances before, submission of statements to, or sending communications to the committees, or individual members, of such council or body with respect to legislation or proposed legislation of direct interest to the taxpayer, or

`(bb) in direct connection with communication of information between the taxpayer and an organization of which the taxpayer is a member with respect to any such legislation or proposed legislation which is of direct interest to the taxpayer and to such organization, and that portion of the dues so paid or incurred with respect to any organization of which the taxpayer is a member which is attributable to the expenses of the activities carried on by such organization.

under this subtitle which the organization notifies the taxpayer under section 6033(e)(1)(A)(ii) is allocable to expenditures to which clause (i) applies.

behalf of another person (but shall apply to payments by such other person to the taxpayer for conducting such activities).

`(aa) IN GENERAL- Clause (i) shall not apply to any in-house expenditures for any taxable year if such expenditures do not exceed $2,000. In determining whether a taxpayer exceeds the $2,000 limit, there shall not be taken into account overhead costs otherwise allocable to activities described in subclauses (I) and (IV) of clause (i).

`(bb) IN-HOUSE EXPENDITURES- For purposes of provision (aa), the term `in-house expenditures' means expenditures described in subclauses (I) and (IV) of clause (i) other than payments by the taxpayer to a person engaged in the trade or business of conducting activities described in clause (i) for the conduct of such activities on behalf of the taxpayer, or dues or other similar amounts paid or incurred by the taxpayer which are allocable to activities described in clause (i).

`For reporting requirements and alternative taxes related to this subsection, see section 6033(e).

SEC. 3. REPEAL OF ESTATE AND GIFT TAXES.

SEC. 4. ADDITIONAL REPEALS.

SEC. 5. EFFECTIVE DATES.


THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Doc Contents