May 9, 1991
TO: BOARD OF GOVERNORS NO. 32-91
FEDERAL LEGISLATION COMMITTEE NO. 6-91
TAX COMMITTEE NO. 12-91
ACCOUNTING/TREASURERS COMMITTEE NO. 8-91
INVESTMENT ISSUES COMMITTEE NO. 2-91
RE: LETTERS IN SUPPORT OF REPEAL OF 30 PERCENT TEST
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You may be aware that the Institute's major tax legislative
initiative in this Congress is the repeal of the so-called "30
percent test." Bills have been introduced in the House and
Senate: H.R. 1597, by Ways and Means Committee Members Mike
Andrews and Raymond McGrath and S. 530, by Senators Dixon, Simon
and Daschle (the last of whom is a member of the Senate Finance
Committee).
We are hopeful that the repeal of the 30% test will be
considered by the House Ways and Means and Senate Finance
Committees as they begin their work on tax simplification
legislation next month.
It is our view that it would be helpful for Committee
members to hear from industry representatives regarding your
support for repeal of the 30% test. As such, we are asking that
you write letters in support of repeal to as many Committee
members as possible.
While we have provided certain "talking points" that you
may find helpful, a letter in your own words would be most
effective.
The appropriate names and addresses are provided. In any
letters to Representatives Andrews and McGrath and Senator
Daschle you should recognize their sponsorship of the repeal
legislation. In each instance, blind copies of your letters
should be sent to us. Finally, if you have not already done so,
please complete the attached yellow form if you are willing to
visit with Members of Congress on this issue.
If you have any questions, please call me at (202) 955-
3544. Thank you for your assistance in this important effort.
Julie Domenick Doerr
Vice President-Legislative Affairs
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