Deficit Reduction Act of 1984


Also found in: Acronyms, Wikipedia.

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.
Mentioned in ?
References in periodicals archive ?
This would fit nicely with authority that Congress granted the Health and Human Services Department in the Deficit Reduction Act of 1984 to find lower-cost, private-sector alternatives to Federal inspection and accreditation.
Among transfer payments, military retirement pay included a $5-1/2 billion increase, following a decline in the fourth quarter of the same amount, because the Deficit Reduction Act of 1984 shifted the payment of benefits scheduled for December 31, 1984 to January 1, 1985.
267(f) was added by the Deficit Reduction Act of 1984 (DRA '84).
on Taxation, General Explanation of the Revenue Provision of the Deficit Reduction Act of 1984, 98th Cong.
The launch came with the Deficit Reduction Act of 1984, whose Medicare reforms included a directive that the Health Care Financing Administration begin immediately paying for non-inpatient tests according to regionally calculated fee schedules.
Under the Deficit Reduction Act of 1984 (DRA), Congress revoked the Federal Home Loan Mortgage Corp.
Before the enactment of section 461(h) as part of the Deficit Reduction Act of 1984, an expense was deductible in the taxable year in which all the events had occurred which determined the fact of the liability, and the amount of the liability could be determined with reasonable accuracy.
The 1984 quarterly estimates incorporate the effects of the tax changes resulting from the Deficit Reduction Act of 1984.
172(f)(1)(B)(i) has its genesis in Section 91 of the Deficit Reduction Act of 1984 (DRA).
In addressing this question, we believe it is important to keep in mind that the premature accrual provisions of the Deficit Reduction Act of 1984 were not promoted by general concern over the tax treatment of myriad routine, recurring business transactions under the accrual method of accounting.
The 1984 quarterly estimates incorporate the effects of changes in tax law that resulted from the enactment of the Deficit Reduction Act of 1984.
In late June, Congress passed the Deficit Reduction Act of 1984, which was designed to reduced the deficit further by increasing taxes and reducing spending.