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The "uniform capitalization rules" or UNICAP rules were essentially a codification of the result of case of Commissioner v.Idaho Power Co., 418 U.S. 1 (1974) The UNICAP rules require a taxpayer to capitalize all direct and indirect costs that they incur in the production of real or tangible personal property that are allocable to that property.
H.R. 5060, an amendment to the Federal Financial Assistance Management Improvement Act of 1999, was passed by the House of Representatives on June 21, 2006, and sent to the Senate. H.R. 5060 can be considered a sister bill to S. 2590, but it is weaker than S. 2590 because it only considers federal grants. [21]
CAS applies to contracts, not contractors, through Federal Acquisition Regulation clauses. A company may have contracts that are subject to "full" CAS coverage (be required to follow all 19 standards), "modified" CAS coverage (required to follow only Standards 401, 402, 405, and 406), simultaneously have contracts that are subject to either modified or full coverage, or be exempt from coverage.
In the United States, federal grants are economic aid issued by the United States government out of the general federal revenue. A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
Funding opportunity numbers (FON) is a number that a federal agency assigns to its grant announcement. [7]FON are currently unique within the Grants.Gov System. (An enhancement was recently completed which NO longer allows duplicate funding opportunity numbers within the system .)
The Office of the Federal Register also keeps an unofficial, online version of the CFR, the e-CFR, which is normally updated within two days after changes that have been published in the Federal Register become effective. [5] The Parallel Table of Authorities and Rules lists rulemaking authority for regulations codified in the CFR. [6]
The federal government resumed operations on October 17, 2013 after the passage of a continuing resolution, the Continuing Appropriations Act, 2014, that provided funding until January 15, 2014. [15] On January 15, 2014, Congress passed another continuing resolution, H.J.Res. 106 Making further continuing appropriations for fiscal year 2014 ...