CIS/Index
Copyright © 2000, Congressional Information
Service, Inc.
1 CIS H 78142
TITLE: Tax Code and
the New Economy
CIS-NO: 2001-H781-42
SOURCE: Committee on
Ways and Means. House
DOC-TYPE: Hearing Retrieve
the full text of testimony
DATE: Sept. 26, 28, 2000
LENGTH: iii+130 p.
CONG-SESS: 106-2
ITEM-NO: 1028-A;
1028-B
SUDOC: Y4.W36:106-79
CIS DOCUMENT ON DEMAND:
1-800-227-2477 (Full Text Reproductions)
GPO-STOCK-NO:
552-070-26593-7.
SUMMARY:
Committee Serial No.
106-79. Hearings before the Subcom on Oversight to examine business income tax
issues, in light of structural changes in the economy related to emergence of
information-based high technology sectors (Subcom advisory, p. 2-3).
Examines capital cost recovery and asset depreciation
rules, skilled workforce training and education tax incentives, and R&D tax
treatment.
Supplementary material (p. 119-130) includes submitted
statements and correspondence.
CONTENT-NOTATION: Tax
treatment of business income
DESCRIPTORS:
BUSINESS INCOME; INCOME TAXES; INFORMATION SERVICES AND
SYSTEMS; COMPUTERS; TECHNOLOGICAL INNOVATIONS; CAPITAL
INVESTMENTS; ASSET DEPRECIATION SYSTEMS; TAX INCENTIVES AND
SHELTERS; VOCATIONAL EDUCATION AND TRAINING; TECHNICAL EDUCATION; MANPOWER
TRAINING PROGRAMS; RESEARCH
01-H781-42 TESTIMONY NO: 1
Sept. 26, 2000 p. 5-9
WITNESSES (and witness
notations):
MINGE, DAVID (Rep, D-Minn)
STATEMENT:
Views on business-related tax issues.
CONTENT NOTATION:
Tax treatment of business
income
01-H781-42 TESTIMONY NO: 2
Sept. 26, 2000 p. 9-24
WITNESSES (and witness notations):
MIKRUT, JOSEPH M. (Tax Legislative Counsel, Department of
Treasury)
STATEMENT AND DISCUSSION:
Views
on tax rules governing business income in context of structural changes in the
economy; review of Department of Treasury report recommending cost recovery
system modifications.
CONTENT NOTATION:
Tax
treatment of business income
TESTIMONY DESCRIPTORS:
DEPARTMENT OF TREASURY
01-H781-42 TESTIMONY NO: 3 Sept. 26, 2000 p. 24-71
WITNESSES (and witness notations):
JALBERT,
MICHAEL E. (Chairman, President, and CEO, Transcrypt International; representing
American Electronics Association)
COLEMAN, DOROTHY B.
(Vice President, Tax Policy, National Association of Manufacturers)
FELDMAN, MOLLY (Vice President, Tax, Verizon Wireless;
representing Cellular Telecommunications Industry Association)
JERNIGAN, CLIFFORD (Director, Worldwide Government
Affairs, Advanced Micro Devices; representing Semiconductor Industry
Association)
VOGEL, THEODORE (Vice President, DTE Energy
Co.; representing Edison Electric Institute)
VON UNWERTH,
FREDERICK H. (General Counsel, International Furniture Rental Association)
STATEMENTS AND DISCUSSION:
Opinions on
business tax issues in light of high technology industry growth (related chart,
graphs, and tables, p. 27-32 passim); recommendations for changes in tax system
asset depreciation rules, with specifics on concerns of
wireless communications companies.
Need for tax incentives
to encourage construction of new or more efficient electric generating
facilities.
CONTENT NOTATION:
Tax treatment
of business income
TESTIMONY DESCRIPTORS:
AMERICAN ELECTRONICS ASSOCIATION; STATISTICAL DATA:
INDUSTRY AND COMMERCE; TELEPHONE AND TELEPHONE INDUSTRY; ELECTRIC UTILITIES;
ELECTRIC POWER PLANTS; ENERGY CONSERVATION
01-H781-42
TESTIMONY NO: 4 Sept. 28, 2000 p. 74-92
WITNESSES (and witness notations):
HESTER, J. JOSEPH
(Vice President, Administrative Services, Community College of Allegheny County)
BEAN, MARTIN (President, Prometric, Inc.; also
representing Technology Workforce Coalition)
SALAMON,
MITCHELL (Senior Tax Counsel, American Airlines)
STATEMENTS AND
DISCUSSION:
Importance of tax incentives to encourage
skilled workforce education and training; perspectives on workforce training
needs related to technological developments.
CONTENT NOTATION:
Tax treatment of business income
TESTIMONY
DESCRIPTORS:
COMMUNITY COLLEGE OF ALLEGHENY COUNTY
01-H781-42 TESTIMONY NO: 5 Sept.
28, 2000 p. 93-119
WITNESSES (and witness notations):
SAMPLE, BILL (Senior Director, Domestic Taxes and Tax
Affairs, Microsoft Corp.; representing R&D Credit Coalition)
CAPPS, R. RANDALL (Corporate Tax Director, Electronic Data
Systems Corp)
EVANS, LINDA (Program Director, Taxes and
Finance, Governmental Programs, International Business Machines Corp)
HUTTER, COLLIE L. (Chief Operating Officer, Click Bond,
Inc)
STATEMENTS AND DISCUSSION:
Support for
a permanent R&D tax credit; views on R&D tax rules; perspectives on
business R&D related to information technology industry growth and
technological innovations.
CONTENT NOTATION:
Tax treatment of business income
TESTIMONY
DESCRIPTORS:
R&D CREDIT COALITION
LOAD-DATE: August 2, 2001 
