This document, prepared by the staff of the Joint Committee on Taxation, provides a description and analysis of the revenue provisions modifying the Internal Revenue Code of 1986 (the qCodeq) that are contained in the President's fiscal year 2007 budget proposal, as submitted to the Congress on February 6, 2006. The document generally follows the order of the proposals as included in the Department of the Treasury's explanation of the President's budget proposal. For each provision, there is a description of present law and the proposal (including effective date), a reference to relevant prior budget proposals or recent legislative action, and an analysis of policy issues related to the proposal.Election to claim research or minimum tax credits in lieu of bonus depreciation140 A corporation otherwise eligible for additional first year depreciation under section 168(k) may elect, for its first taxable year ending after December 31, 2008anbsp;...
|Title||:||Description of Revenue Provisions Contained in the President's Fiscal Year 2011 Budget Proposal|
|Publisher||:||Joint Committee on Taxation - 2010|