𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Determining the market for contributed property, such as a newspaper collection


Publisher
John Wiley and Sons
Year
2001
Weight
349 KB
Volume
18
Category
Article
ISSN
0742-3497

No coin nor oath required. For personal study only.

✦ Synopsis


calculate its average percentage payout for the base period to determine eligibility for a different rate of tax.

A taxable private foundation would be subject to tax on the excess of the sum of 1 percent of net investment income and the amount of the unrelated business income tax (both calculated as if the foundation were tax-exempt) over the income tax imposed on the foundation. This proposal would be effective for tax years beginning after December 3 1, 200 1 (Act 3 106). [11.4(f)] This legislation also provides a limitation against civil liability relating to any injury or death occurring at a facility of the business entity that is used by a nonprofit organization or in connection with the use of donated equipment (Act 3 104).


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