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Focuses on the possibility of taxing advertising revenue from tax-exempt publications.
Considers H.R. 13270, to revise the tax code. Includes provisions for reduction of oil depletion allowances, the restructuring of income tax schedules, and revision of tax treatment of foundations and tax exempt organizations. Focuses on relationship between tax structures and incentives for investment and savings. Also includes summary analysis of H.R. 13270 prepared by Committee staff (p. 7-126), text of H.R. 13270 (p. 127-494), and "Technical Memorandum on Treasury Position on H.R. 13270," Sept. 30, 1969 (p. 769-911).