House Panel OKs Curbs On Tax Breaks For IP Transfers
On Monday, the House Ways and Means Committee approved corporate tax bill H.R. 4520, which scales back on tax breaks for intellectual property transfers to academic and charitable groups.
The Joint Committee on Taxation estimates restricting IP donations will increase tax revenues $274 million in 2005 and $3.7 billion over ten years.
The bill will now be sent to the...
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