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The Tax Equity and Fiscal Responsibility Act of 1982 (Pub. L. 97–248), [1] also known as TEFRA, is a United States federal law that rescinded some of the effects of the Kemp-Roth Act passed the year before.
The waiver is also called a TEFRA waiver because it was passed as a provision of the Tax Equity and Fiscal Responsibility Act of 1982. Disabled people can transition to Medicaid Home and Home and Community-Based Services Waivers after age nineteen.
This promoted a tax increase that passed the House in late 1981 and the Senate in mid-1982 called the Tax Equity and Fiscal Responsibility Act of 1982. This act was an agreement between Reagan and the Congress that raised revenues for the following years. Following that increase, there were 3 other tax increases from 1983 to 1987 for other ...
P.L. 97-248 Enacted 09/03/82 Tax Equity and Fiscal Responsibility Act of 1982; P.L. 97-258 Enacted 09/13/82; P.L. 97-261 Enacted 09/20/82 Bus Regulatory Reform Act of 1982; P.L. 97-354 Enacted 10/19/82 Subchapter S Revision Act of 1982; P.L. 97-362 Enacted 10/25/82 Miscellaneous Revenue Act of 1982; P.L. 97-365 Enacted 10/25/82 Debt Collection ...
Omnibus Budget Reconciliation Act of 1982, Pub. L. 97–253 (1982) Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), Pub. L. 97–248 (1982) Omnibus Budget Reconciliation Act of 1983, Pub. L. 98–270 (1984) Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), Pub. L. 99–272 (1986)
The accelerated depreciation changes were repealed by the Tax Equity and Fiscal Responsibility Act of 1982, and the 15% interest exclusion was repealed before it could take effect by the Deficit Reduction Act of 1984. The maximum expense in calculating credit was increased from $2,000 to $2,400 for one child and from $4000 to $4800 for at least ...
Fiscal Responsibility Act may refer to: Tax Equity and Fiscal Responsibility Act of 1982, an Act of the 97th United States Congress; Fiscal Responsibility Act of 2007
Amid growing concerns about the mounting federal debt, Reagan signed the Tax Equity and Fiscal Responsibility Act of 1982, [202] one of the eleven times Reagan raised taxes. [203] The bill doubled the federal cigarette tax , rescinded a portion of the corporate tax cuts from the 1981 tax bill, [ 204 ] and according to Paul Krugman , "a third of ...