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.

Learn More about Economic Recovery Tax Act

Share Economic Recovery Tax Act

Resources for Economic Recovery Tax Act

Comments on Economic Recovery Tax Act

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).

WORD OF THE DAY

exaggeratedly or childishly emotional

Get Word of the Day daily email!

Test Your Vocabulary

Words from Greek and Roman Mythology Quiz

  • the-triumph-of-venus-by-alessandro-magnasco
  • Boreal comes from the name of the ancient Greek god of which wind?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

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