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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Joint Committee on Taxation, Generat Explanation of the Revenue Provisions of the Deficit Reduction Act of 1984 (JCS-41-84), p.
274(d)(4), which also became law under the Deficit Reduction Act of 1984, prohibits any deduction or credit with respect to any listed property as defined by Sec.
For example, in recent years benefit plans have been affected by the Economic Recovery Tax Act of 1981, the Tax Equity and Fiscal Responsibility Act of 1982, the Deficit Reduction Act of 1984, and the Retirement Equity Act of 1984.
The Deficit Reduction Act of 1984 (DRA) was enacted in August 1984; a complete description of DRA is in the August 1984 SURVEY.
Because of this, the RLR concept lost favor with passage of the Deficit Reduction Act of 1984, which imposed the following restrictions on RLR plans:
6038B was added to the Code as part of the Deficit Reduction Act of 1984.
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.
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.
267(f) was added by the Deficit Reduction Act of 1984 (DRA '84).