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Deficit Reduction Act of 1984

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Deficit Reduction Act of 1984
Legislation in the United States that closed some loopholes and eliminated some taxes, but for the most part increased American tax levels. Among other provisions, the Act did this by increasing the number of years over which some assets are depreciated, ending the net interest exclusion up to $900, and established stricter rules for income averaging. Its name in the House of Representatives was the Tax Reform Act of 1984.


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280F to the Code with the enactment of the Deficit Reduction Act of 1984, P.
One did exist formerly, but the Deficit Reduction Act of 1984 removed it.
The legislation I introduced levels the playing field by further clarifying the intent of Congress expressed in the Deficit Reduction Act of 1984.
 
 
 
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