1997 Tax Legislation: Law, Explanation, and Analysis : Taxpayer Relief Act of 1997"The Taxpayer Relief Act of 1997 (Public Law 105-34) makes sweeping code changes affecting individuals, families, and investors as well as small and large businesses. Key provisions provide for capital gains reductions; child tax credits; educational incentives; savings and investment incentives; alternative minimum tax reform; and estate, gift, and generation-skipping tax reform."--Page [3]. |
Contents
Highlights | 25 |
GenerationSkipping Transfer | 29 |
Provisions Dropped in Conference | 39 |
Copyright | |
58 other sections not shown
Common terms and phrases
adding Code Sec adjustment alternative minimum tax amended Code Sec amendment applies Amendment Notes Act amount annuity applies to tax assets Background basis beginning after December beneficiary bonds Business Job Protection capital gain carryback CCH Explanation Committee Report contract contributions controlled foreign corporation date of enactment decedent's December 31 deduction defined in section determined distribution dividends Effective date electing large partnership eligible employee empowerment zone estate tax excise tax exemption filing foreign corporation foreign tax credit gift tax gross income included individual interest Job Protection Act limitation mark-to-market Notes Act Sec paid paragraph partner payment percent person prior law purposes qualified refund regulations REIT Repeal respect Roth IRA sale or exchange securities shareholders SIMPLE IRA Small Business Job SPECIAL RULES spouse subparagraph subsection tax imposed tax years beginning tax years ending taxable income Taxpayer Relief Act tion trade or business transaction transfer treated trust