Suspension of Operating-differential Subsidy Agreements: Hearings...on H.R. 7105...June 11, 19421942 - Всего страниц: 35 |
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... Ackerson , do you want Mr. Anderson to pro- ceed ? Mr. ACKERSON . Yes , Mr. Chairman . The CHAIRMAN . All right , Mr. Anderson . STATEMENT OF R. E. ANDERSON , DIRECTOR OF FINANCE , UNITED STATES MARITIME COMMISSION Mr. ANDERSON . I have ...
... Ackerson , do you want Mr. Anderson to pro- ceed ? Mr. ACKERSON . Yes , Mr. Chairman . The CHAIRMAN . All right , Mr. Anderson . STATEMENT OF R. E. ANDERSON , DIRECTOR OF FINANCE , UNITED STATES MARITIME COMMISSION Mr. ANDERSON . I have ...
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... Ackerson ? Mr. ACKERSON . I would like to have Mr. Goertner present some legal considerations involved in the bill . The CHAIRMAN . All right , Mr. Goertner . STATEMENT OF FRANCIS B. GOERTNER , ASSISTANT GENERAL COUNSEL , UNITED STATES ...
... Ackerson ? Mr. ACKERSON . I would like to have Mr. Goertner present some legal considerations involved in the bill . The CHAIRMAN . All right , Mr. Goertner . STATEMENT OF FRANCIS B. GOERTNER , ASSISTANT GENERAL COUNSEL , UNITED STATES ...
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... Ackerson , do you have any further witnesses ? Mr. ACKERSON . We have nothing further at this time , sir . The CHAIRMAN . Mr. Burns . STATEMENT OF JOHN J. BURNS , GENERAL COUNSEL , AMERICAN MERCHANT MARINE INSTITUTE , NEW YORK CITY Mr ...
... Ackerson , do you have any further witnesses ? Mr. ACKERSON . We have nothing further at this time , sir . The CHAIRMAN . Mr. Burns . STATEMENT OF JOHN J. BURNS , GENERAL COUNSEL , AMERICAN MERCHANT MARINE INSTITUTE , NEW YORK CITY Mr ...
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... Ackerson , are you familiar with that ? Mr. ACKERSON . Of course , the provisions of the Merchant Marine Act are continuing , and most of the subsidy contracts which were entered into under that act , as I recall , are for a 12 - year ...
... Ackerson , are you familiar with that ? Mr. ACKERSON . Of course , the provisions of the Merchant Marine Act are continuing , and most of the subsidy contracts which were entered into under that act , as I recall , are for a 12 - year ...
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... ACKERSON . I would like to point out in that connection , Mr. Chairman , that the rates of subsidy under the contracts are subject to revision annually under the 1936 act . The CHAIRMAN . That is what is known as the operating differen ...
... ACKERSON . I would like to point out in that connection , Mr. Chairman , that the rates of subsidy under the contracts are subject to revision annually under the 1936 act . The CHAIRMAN . That is what is known as the operating differen ...
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10-year period ACKERSON adjusted declared value American merchant marine ANDERSON bill BURNS business cycle capital gains capital reserve fund capital stock CHAIRMAN committee companies Congress consideration deposited depreciation basis differential subsidy discount effect elimination excess fifth amendment further GEASLIN GOERTNER interest-bearing securities Internal Revenue Code investment January legislation Maritime Commission ment Merchant Marine Act Merchant Marine Institute moneys obligations operating-differential subsidy agreement percent period of suspension post-war period present problems profits provisions of section questions recapture period recapture provisions redeclare the adjusted reduction representing requisition respect retroactive section 607 shipping industry special reserve fund statute statutory steamship subject to recapture subsidized contractors subsidized operators subsidized services subsidized vessels subsidy contracts subsidy payments subsidy provisions SURREY suspension of subsidies suspension of tax tax exemption tax-exemption provisions taxation thereof tion Treasury Department United States Maritime Waterman Steamship Corporation WELCH
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Стр. 27 - The earnings of any contractor receiving an operating-differential subsidy under authority of this Act, which are deposited in the contractor's reserve funds as provided in this section, except earnings withdrawn from the special reserve funds and paid into the contractor's general funds or distributed as dividends or bonuses as provided in paragraph 4 of subsection (c) of this section, shall be exempt from all Federal taxes. Earnings withdrawn from such special reserve fund shall be taxable as if...
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