...source of funds to meet human needs is tax reform. While we recognize that it Is impossible to compute revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability (definition of "tax expenditures" in the Congressional Budget Act), it is clear that...

...indebtedness incurred by another person or government. (3) The term "tax expenditures" means those revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures....

...indebtedness incurred by another person or government. (3) The term "tax expenditures" means those revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures....

...Congressional Budget and Impoundment Control Act of 1974 defines "tax expenditures" to mean "those revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability." 31 USCA § 1302(a)(3) (Supp. 1976). The Act requires the President to set forth levels...

...Congressional Budget and Impoundment Control Act of 1974 defines "tax expenditures" to mean "those revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability." 31 USCA § 1302(a)(S) (Supp. 1976). The Act requires the President to set forth levels...

...do not involve a special exclusion, exemption, or deduction from gross Income, or (do not involve) a special credit, a preferential rate of tax. or a deferral of tax liability. • Based on the aesumpUon that concurring Senate action will take place prior to October...

...Budget Act required a listing of tax expenditures In the budget message. Tax expenditures are defined as "revenue losses attributable to provisions of the...credit, a preferential rate of tax, or a deferral of tax liability". Let us be honest. Tax expenditures are In fact expenditures — although indirect —...

...often been labeled as loopholes. A formal definition is more descriptive, albeit somewhat formidable: revenue losses attributable to provisions of the federal...credit, a preferential rate of tax, or a deferral of tax liability. Before turning to the data, however, a critique of the tax expenditure concept is in...

...Congressional Budget and Impoundment Control Act of 1974 specifically defines tax expenditures as: . . . those revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability; .... In the legislative history of the Congressional Budget Act, provisions classified...

...Congressional Budget and Impoundment Control Act of 1974 (PL 93-344) defines tax expenditures as: . . . those revenue losses attributable to provisions of the Federal...credit, a preferential rate of tax, or a deferral of tax liability; ... (31 USC 1302(a) (3)) lax expenditures are one of several policy tools available...