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PRIVATE ACTIVITY VOLUME CAP Each year the State receives an allocation of volume cap (the \"State Ceiling\") to be allocated to certain private activity bonds set forth in Section 146 of the Internal
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26 US Code 146 refers to the procedure for making an election for the alternative tax for certain small property and petroleum financed property.
Taxpayers who meet the criteria for the alternative tax under 26 US Code 146 are required to file.
To fill out 26 US Code 146, taxpayers must follow the instructions provided by the IRS and accurately report the required information.
The purpose of 26 US Code 146 is to provide taxpayers with the option to elect the alternative tax for certain types of property.
Taxpayers must report information related to the property for which they are making the election and follow the specific requirements outlined in the tax code.
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