(7) The Economic Recovery Tax Act
of 1981 enacted the Accelerated Cost Recovery System, which delineated classes of assets and assigned cost recovery percentages each year.
When the interest rate was determined every two years (as it was before enactment of the Economic Recovery Tax Act
of 1981), the spread between the section 6621 rate and the market rate may have become substantial and therefore arguably encouraged taxpayer "gaming." With the changes adopted in 1981 and 1982 (requiring frequent adjustments of the rate and the daily compounding of interest), however, the potential for any significant differential was eliminated.
In Chapter 5, "The Economic Recovery Tax Act
of 1981," the point is made that the Act can be seen as a benchmark.
An incremental, 25 percent R&D tax credit was enacted as part of the Economic Recovery Tax Act
The economy was in recession for most of the decade's first three years before responding to the stimulus provided by the Reagan Administration's Economic Recovery Tax Act
of 1981 (ERTA).
In the early 1980s, when space was in unusually short supply, commercial real estate received an additional push from the Economic Recovery Tax Act
, which provided an acceleration of depreciation allowances for capital goods.
In 1983, however, the situation reversed as a result of sharply lower inflation rates and the accelerated de preciation provisions of the Economic Recovery Tax Act
If you have not reviewed your will since 1981, it is especially important that you do so, because the 1981 Economic Recovery Tax Act
made major changes in the federal estate tax structure.
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.
41 provides a "credit for increasing research activities." A general business tax credit for companies that conduct research in the United States to develop or improve their products, manufacturing processes, and software, the R&D credit was originally introduced by the Economic Recovery Tax Act
of 1981, P.L.
The Economic Recovery Tax Act
of 1981 (ERTA) offers a blueprint for fiscal stimulus that would be far more effective than the package approved by Pres.
The product was created shortly after the 1981 Economic Recovery Tax Act
, which deferred estate-tax liability for married couples to after the second death.