Public Law 97-34

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:affects gptkb:Tax_Equity_and_Fiscal_Responsibility_Act_of_1982
gptkbp:alsoKnownAs gptkb:Economic_Recovery_Tax_Act_of_1981
gptkbp:citation gptkb:95_Stat._172
gptkbp:country gptkb:United_States
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Public Law 97-34
gptkbp:mainProvision expanded Individual Retirement Accounts (IRAs)
increased estate and gift tax exemptions
indexed tax brackets for inflation
introduced accelerated depreciation
reduced top marginal tax rate from 70% to 50%
gptkbp:publicLawNumber 97-34
gptkbp:purpose stimulate economic growth
encourage savings and investment
reduce individual income tax rates
gptkbp:signedBy gptkb:Ronald_Reagan
August 13, 1981
gptkbp:bfsParent gptkb:Economic_Recovery_Tax_Act_of_1981
gptkbp:bfsLayer 5