Law Dictionary

Economic Recovery Tax Act (ERTA)

Law 26 U.S.C. §§ 15, 21, 22, 29, 30, 32, 40, 422, 424; 42 U.S.C. § 9836a et seq. (1981)

legal Definition of Economic Recovery Tax Act

reduced individual income tax rates by 25 percent and expanded depreciation allowances and credits for investments. It also allowed the appreciated value of charitable gifts to be counted as part of an alternative tax base.

Seen and Heard

What made you want to look up Economic Recovery Tax Act? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!