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It is also called a TEFRA waiver because it was passed as a provision of the Tax Equity and Fiscal Responsibility Act of 1982. The Office of Tax Analysis of the United States Department of the Treasury summarized the tax changes as follows: [3] repealed scheduled increases in accelerated depreciation deductions; tightened safe harbor leasing rules
The Texas Rangers' logo since 2003. The Texas Rangers Major League Baseball (MLB) franchise was established in 1961 as the second incarnation of the Washington Senators, an expansion team awarded to Washington, D.C., after the old Washington Senators team of the American League moved to Minnesota and became the Twins.
April 1, 1982: Ron Darling and Walt Terrell were traded by the Rangers to the New York Mets for Lee Mazzilli. [7] June 7, 1982: Randy Kramer was drafted by the Rangers in the 1st round (10th pick) of the 1982 Major League Baseball draft (secondary phase). [8] August 8, 1982: Lee Mazzilli was traded by the Rangers to the New York Yankees for ...
The most common tax depreciation method used in the U.S. is the Modified Accelerated Cost Recovery System or MACRS. This accelerates depreciation and provides greater deductions in the early years.
Here’s what Rangers players and coaches said at the event.
Prior to the 1972 season, improvements were made to Turnpike Stadium, which reopened as Arlington Stadium, in preparation for the inaugural season of the Texas Rangers. The team played its first game on April 15, 1972, a 1–0 loss at the hands of the California Angels, their 1961 expansion cousins. The next day, the Rangers defeated the Angels ...
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He had moved to Fort Worth, Texas in 1968 and within two years had become a millionaire at the age of 32 after first securing a $300,000 Small Business Administration loan. Corbett led an investment group that purchased the Rangers from Bob Short for $9.5 million on May 29, 1974. [ 3 ]