Taxpayer Relief Act of 1997

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Taxpayer Relief Act of 1997

Legislation forming part of a larger act designed to balance the federal budget. Some of the legislation's provisions included tax credits for taxpayers supporting children, an increase in the amount that could be excluded from estate taxes, and a lower capital gains tax rate.

Taxpayer Relief Act of 1997

Legislation in the United States devoted exclusively to lowering taxes. Among other things, it reduced the top capital gains rate to 20% from 28%, and nearly doubled the exemption from the estate tax. The Act also introduced a credit for each child under the age of 17 living at home; that is, a taxpayer could take a direct dollar-for-dollar reduction in his/her tax liability for each child subject to certain income limits. See also: Short-short test.
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According to(https://www.bloomberg.com/view/articles/2017-12-07/biggest-tax-cuts-ever-nice-try-mr-president) Bloomberg , the honor of the biggest tax cut bill in the last five years goes to the American Taxpayer Relief Act of 2012, which was signed into law by former President Barack Obama on Jan.
The ninth edition reflects the enactment of the American Taxpayer Relief Act of 2012 and considers how taxation on multinational corporations may affect corporate tax reform efforts.
During his first term in office, Obama signed the American Recovery and Reinvestment Act, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act, the Patient Protection and Affordable Care Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Don't Ask, Don't Tell Repeal Act of 2010,' the Budget Control Act and the American Taxpayer Relief Act of 2012.
The commence construction provision provided for in the American Taxpayer Relief Act of 2012 (ATRA) should apply to all Section 45 and Section 48 clean energy incentives regardless of technology.
The American Taxpayer Relief Act of 2012 (ATRA) was signed into law earlier this year.
of Florida Levin School of Law) overview the history of the Federal income tax and explain recent developments in the complex Internal Revenue Code, including new and amended provisions enacted as part of the American Taxpayer Relief Act of 2012, major recent income tax cases, revised regulations, and other new administrative materials.
His topics included trustee notification requirements to beneficiaries; the American Taxpayer Relief Act of 2012; proposed Washington state legislation to allow real estate "transfer on death" deeds; and proposed Washington state retroactive estate tax legislation.
The blog tackles a variety of issues in the insurance industry like why getting married or having a kids isn't the trigger for buying life insurance that many of us think it is, or why the estate tax law passed with the American Taxpayer Relief Act leaves plenty of opportunities for new life insurance business.
The American Taxpayer Relief Act of 2012 was enacted into law early in 2013 and, together with the Patient Protection and Affordable Care Act (PPACA) from 2010, impacts nearly all taxpayers, some in better ways than others.
The Taxpayer Relief Act fixes the AMT exemption permanently, which means that we will no longer be waiting at yearend to see if Congress acts to provide a temporary fix.
The fiscal cliff and the subsequent American Taxpayer Relief Act are discussed by members in a number of news media outlets: Jeffery Coleman and Michael Marsh in the Dec.
CONGRESS ADDRESSED the "fiscal cliff" by enacting the American Taxpayer Relief Act of 2012 on Jan.

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