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(25.) B&T proposes to acquire First Virginia Life Insurance Company and First General Leasing Company, both in Falls Church, and the following community-welfare limited partnership interests: 28.3 percent in Northampton Partners L.P.; 23.8 percent in Monticello Vista Associates L.P.; 33.6 percent in Linweaver L.P.; 9.7 percent in Housing Equity Fund of Virginia II L.P.; and 11.7 percent in Housing Equity Fund of Virginia III L.P.
Although funding for Space Station Freedom would rise 8 percent, to $2.25 billion, the President proposes to kill a mission to fly past a comet as well as efforts to develop an advanced rocket motor for launching heavier space shuttle payloads.
Proposes to lower the approval level for subcontracting plans that contain a small disadvantaged business goal of less than 5 percent, from two levels above the contracting officer to one level above the contracting officer.
First Security proposes to divest three branches in the market, with $77 million in deposits (representing approximately 6.3 percent of market deposits).
The FY '87 budget had been $6.18 billion (SN: 11/8/86, p.302); now, the administration proposes to move $334 million from FY '87 into FY '88, retroactively reducing the '87 figure.
For FY '87, the President proposes increasing program spending by 74 percent -- to $4.8 billion.
The Commission proposes to reposition certain supplementary schedule information currently required under Rule 12-09 of Regulation S-X within a new Item 302(c) of Regulation S-K.
Yet the IRS proposes to require such a calculation for each subsidiary for each year.
For example, where a taxpayer proposes to rely upon comparable third-party transactions, will Revenue Canada require additional analyses of returns on assets or returns on investment for the entities in either or both jurisdictions?
In addition, TEI proposes other safe harbors or rebuttable presumptions that may be employed to reduce the number of pricing disputes.
We suggest, however, that the proper focus is not on the corporate taxpayers that are forced to contest unfounded adjustments but rather on the Examination Division of the IRS which proposes such adjustments in the first place.