99-514

E885624

99-514 is the public law number for the Tax Reform Act of 1986, a major U.S. federal statute that significantly overhauled the federal income tax system.

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Label Occurrences
99-514 canonical 1

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Statements (49)

Predicate Object
instanceOf United States public law
federal statute
affectsArea alternative minimum tax
capital gains taxation
corporate income tax
depreciation rules
federal income tax
individual income tax
international taxation
tax expenditures
tax shelters
amends Internal Revenue Code of 1954 NERFINISHED
belongsTo Reagan administration domestic policy
classification major tax reform legislation
codifiedIn Title 26 of the United States Code NERFINISHED
country United States of America
surface form: United States
dateSigned 1986-10-22
enactedBy 99th United States Congress NERFINISHED
hasNickname TRA86
hasPublicLawNumber Public Law 99-514 NERFINISHED
hasShortTitle Tax Reform Act of 1986 NERFINISHED
hasTitle Tax Reform Act of 1986 NERFINISHED
jurisdiction United States government
surface form: federal government of the United States
language English
legalStatus in force as amended
legislativeChamber United States House of Representatives
United States Senate
notableFeature changed treatment of capital gains
eliminated or curtailed many tax preferences
lowered corporate tax rate
lowered top individual tax rate
reduced number of individual income tax brackets
revised depreciation schedules
strengthened alternative minimum tax
partOf United States federal tax law
policyType tax reform
primaryObjective broaden the tax base
increase tax neutrality
lower statutory tax rates
reduce tax shelters
replaces prior federal income tax structure
resultsIn Internal Revenue Code of 1986 NERFINISHED
scope nationwide
signedBy Ronald Reagan
sponsorChamber House Ways and Means Committee NERFINISHED
Senate Finance Committee NERFINISHED
subjectMatter public finance
taxation
yearEnacted 1986

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.