Economic Recovery Tax Act Of 1981

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Definition: Economic Recovery Tax Act Of 1981


Economic Recovery Tax Act Of 1981


Full Definition of Economic Recovery Tax Act Of 1981


ERTA. A federal law that reduced income tax rates and provided incentives for businesses, including an adjustment to depreciation rates. It was signed by President Ronald Reagan in 1981. The law ultimately increased the federal budget deficit, and prompted some of ERTA to be reversed or reviewed in the Tax Equity and Fiscal Responsibility Act of 1982.


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Definition Sources


Definitions for Economic Recovery Tax Act Of 1981 are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.