« iepriekšējāTurpināt »
4. F49: In Blue
TRS REGULATIONS INCREASING IMPUTED INTEREST
RATES AND INTERPRETING ESTATE TAX LAW
CONCERNING VALUATION OF FAMILY FARM AND
OTHER BUSINESS PROPERTIES
ROBERT J. DOLE, Kansas, Chairman BOB PACKWOOD, Oregon
RUSSELL B. LONG, Louisiana WILLIAM V. ROTH, JR., Delaware
HARRY F. BYRD, JR., Virginia JOHN C. DANFORTH, Missouri
LLOYD BENTSEN, Texas JOHN H. CHAFEE, Rhode Island
SPARK M. MATSUNAGA, Hawaii JOHN HEINZ, Pennsylvania
DANIEL PATRICK MOYNIHAN, New York MALCOLM WALLOP, Wyoming
MAX BAUCUS, Montana DAVID DURENBERGER, Minnesota
DAVID L. BOREN, Oklahoma WILLIAM L. ARMSTRONG, Colorado
BILL BRADLEY, New Jersey STEVEN D. SYMMS, Idaho
GEORGE J. MITCHELL, Maine
CHARLES E. GRASSLEY, Iowa
ROBERT E. LIGHTHIZER, Chief Counsel
MICHAEL STERN, Minority Staff Director
Egger, Roscoe L., Commissioner of Internal Revenue
Chapoton, John E., Assistant Secretary of the Treasury for Tax Policy
Andrews, Mark, U.S. Senator, North Dakota......
American Farm Bureau Federation, Dean Kleckner, president
Benedict, Howard, New Haven, Conn....
Duff Farm Management Service, Lebanon, Ind., Jay D. Luse
Ely, Bert, president, Ely & Co., Roanoke, Va.......
Furleigh, Robert, Clear Lake, Iowa .....
Harl, Neil E. accompanied by Prof. Charles F. Curtiss, Iowa State University ..
Hasbargen, Prof. Paul, University of Minnesota....
Hutton, David J., Hutton, Kennedy & Neaton, Minneapolis, Minn.
Iowa Farm Bureau Federation, Dean Kleckner, president....
Jones, Kent, commissioner of agriculture, North Dakota......
Kleckner, Dean, president, Iowa Farm Bureau Federation..
Kobell, Mrs. Ruth E., legislative assistant, National Farmers Union, accompa-
nied by Susan McDowell of the National Grange.........
Luse, Jay D., Duff Farm Management Service, Lebanon, Ind.
Melcher, John, Senator, Montana
National Association of Wheat Growers, Helen Timmerman, chairman
National Farmers Union, Ruth E. Kobell accompanied by Susan McDowell of
the National Grange.
Ridenour, Philip D., Cimarron, Kans........
Timmerman, Helen, chairman, National Association of Wheat Growers.
Committee press release
Joint Committee Print, “Background on Regulations Under Sections 482, 483,
and 2032A of the Internal Revenue Code......
Prepared statement of Senator Mark Andrews, N. Dak.
Appendix to testimony of Bert Ely, impact of change of interest.
Prepared statement of Representative Tom Daschle, South Dakota.
Prepared statement of Senator Robert J. Dole.
Prepared statement of Senator Dave Durenberger.
Prepared statement of Senator John Melcher of Montana
Letter to Sen. Charles E. Grassley, from John E. Chapoton, Assistant Secre-
tary of the Treasury
Joint statement, John E. Chapoton, Assistant Secretary of the Treasury and
Roscoe L. Egger, Commissioner of Internal Revenue...
Prepared statement of Neil E. Harl.....
Prepared statement of Paul R. Hasbargen
Prepared statement of Dean Kleckner
Prepared statement of Helen Timmerman .............
Prepared statement of Kent Jones ..
Prepared statement of Sen. Bob Dole, introduction of Philip Ridenour
Prepared statement of Bob Furleigh..
Prepared statement of Jay D. Luse.
Prepared statement of Philip Ridenour.
Prepared statement of David J. Hutton
Prepared statement of Bert Ely.
Prepared statement of Howard Benedict
National Association of Realtors, statement, Howard Benedict.
Prepared statement of Ruth E. Kobell, Susan K. McDowell and Ann
Rosen, Dennis, director of the Wisconsin Farmers Union.
Letter to Representative Ron Marlenee from Bruce M. Brown, Esq., Miles
American Bankers Association, statement of......
Krahmer, Attorney Fred C ....
IRS REGULATIONS INCREASING IMPUTED INTEREST RATES AND INTERPRETING ESTATE TAX LAW CONCERNING VALUATION OF FAMILY FARM AND OTHER BUSINESS PROPERTIES
SUBCOMMITTEE ON OVERSIGHT OF
THE INTERNAL REVENUE SERVICE
OF THE COMMITTEE ON FINANCE,
Washington, D.C. The subcommittee met, pursuant to notice, at 1 p.m., in room 2221, Dirksen Senate Office Building, Hon. Charles E. Grassley (chairman of the subcommittee) presiding.
Present: Senators Grassley, Durenberger, Byrd, and Bentsen.
[The committee press release, the background on regulations under sections 482, 483, and 2032A of the Internal Revenue Code and the prepared statement of Congressman Tom Daschle follow:]