Public Law 97-34

E315162

Public Law 97-34 is the formal designation of the Economic Recovery Tax Act of 1981, a major U.S. federal law that significantly reduced income tax rates and aimed to stimulate economic growth.

All labels observed (2)

Label Occurrences
Public Law 97-34 canonical 4
Pub. L. 97-34 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal statute ⓘ
tax law ⓘ
acceleratedCostRecoverySystemAcronym ACRS ⓘ
aimedTo reduce federal income tax rates ⓘ
stimulate economic growth ⓘ
alsoKnownAs Kemp–Roth Tax Cut ⓘ
amended Internal Revenue Code of 1954 ⓘ
changedCapitalGainsTaxTreatment true ⓘ
codifiedIn Title 26 of the United States Code ⓘ
country United States of America ⓘ
dateSigned 1981-08-13 ⓘ
effectOnFederalRevenue reduced projected federal tax revenues ⓘ
enactedBy 97th United States Congress ⓘ
historicalContext Reagan administration economic program ⓘ
increasedEstateTaxExemption true ⓘ
individualRateCutSchedule 25 percent phased in over three years ⓘ
influencedBy supply-side economics ⓘ
introducedAcceleratedCostRecoverySystem true ⓘ
introducedIndexationOfTaxBrackets true ⓘ
introducedSupplySidePolicies true ⓘ
jurisdiction federal government of the United States ⓘ
legislativeChamberOfOrigin United States House of Representatives ⓘ
longTitle An Act to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes. ⓘ
officialName Economic Recovery Tax Act of 1981 ⓘ
partOf Reaganomics ⓘ
phasedInRateCutsEndYear 1983 ⓘ
phasedInRateCutsStartYear 1981 ⓘ
policyArea economic policy ⓘ
tax policy ⓘ
presidentAtSigning Ronald Reagan ⓘ
providedAcrossTheBoardIndividualRateCuts true ⓘ
providedBusinessInvestmentIncentives true ⓘ
providedTaxIncentivesForSavings true ⓘ
publicLawNumber 97-34 ⓘ
reducedEstateAndGiftTaxes true ⓘ
reducedMarginalIncomeTaxRates true ⓘ
shortName ERTA ⓘ
signedBy Ronald Reagan ⓘ
sponsors Jack Kemp ⓘ
William V. Roth Jr. ⓘ
linked to: William Roth
statutesAtLargeCitation 95 Stat. 172 ⓘ
subjectMatter business taxation ⓘ
capital gains tax ⓘ
estate and gift taxes ⓘ
federal income tax ⓘ
taxBracketIndexationEffectiveYear 1985 ⓘ
yearEnacted 1981 ⓘ

How these facts were elicited

Referenced by (5)

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

Economic Recovery Tax Act of 1981 → publicLawNumber → Public Law 97-34 ⓘ
subject linked to: ERTA
Economic Recovery Tax Act of 1981 → publicLawNumber → Public Law 97-34 ⓘ
subject linked to: ERTA of 1981
97-34 → publicLawNumber → Public Law 97-34 ⓘ
97-34 → citationForm → Pub. L. 97-34 ⓘ
linked to: Public Law 97-34