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Tax reform act of 1986

Encyclopedia of Business Terms and Methods, ISBN 978-1-929500-10-9. Copyright © 2012 by Marty J.Schmidt. Revised 12 March 2012.

The Meaning of The Tax Reform Act of 1986

(US Only) The Tax Reform Act of 1986 is US Federal legislation that made comprehensive changes in the US system of taxation for individuals and businesses. Provisions of the act included lowering the maximum corporate tax rate from 46% to 34%, a repeal of the Investment Tax Credit for property placed in service after 1985, and many others.

See depreciation schedule

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