Revenue Act of 1962
E750146
The Revenue Act of 1962 was a U.S. federal tax law that introduced investment tax credits and other measures aimed at stimulating economic growth and encouraging business investment during the Kennedy administration.
Statements (41)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Congress
ⓘ
United States federal tax law ⓘ |
| aimedAt |
increasing productivity in the private sector
ⓘ
reducing unemployment through growth ⓘ |
| appliesToJurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| associatedWith | New Frontier domestic agenda NERFINISHED ⓘ |
| containsProvision | investment tax credit ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| economicContext | early 1960s U.S. economy ⓘ |
| encourages |
capital expenditures by firms
ⓘ
investment in machinery and equipment ⓘ |
| fieldOfLaw |
fiscal policy
ⓘ
tax law ⓘ |
| follows | Internal Revenue Code of 1954 NERFINISHED ⓘ |
| governmentBranch | legislative branch of the United States ⓘ |
| hasEffect |
encourage business investment
ⓘ
stimulate economic growth ⓘ |
| hasLanguage | English ⓘ |
| hasPresidentAtEnactment | John F. Kennedy NERFINISHED ⓘ |
| hasTaxInstrument |
corporate income tax adjustment
ⓘ
tax credit ⓘ |
| implementsPolicy | supply-side investment incentives ⓘ |
| introducedDuringAdministrationOf | John F. Kennedy NERFINISHED ⓘ |
| isPartOfSeries | United States revenue acts NERFINISHED ⓘ |
| legalForm | public law of the United States ⓘ |
| legislativeBody | United States Congress ⓘ |
| mainSubject |
federal income tax
ⓘ
investment incentives ⓘ taxation ⓘ |
| partOf | Kennedy administration economic program NERFINISHED ⓘ |
| policyObjective |
economic expansion
ⓘ
increase private capital formation ⓘ modernize business equipment ⓘ |
| regulates |
corporate tax obligations
ⓘ
federal tax liabilities ⓘ |
| targetPopulation |
businesses
ⓘ
corporations ⓘ investors ⓘ |
| timePeriod | 1960s ⓘ |
| typeOfTaxChange |
modification of business tax treatment
ⓘ
tax incentives for investment ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.