TRA 1986 definition

TRA 1986 means the Tax Reform Act of 1986.
Sample 1Sample 2Sample 3

Examples of TRA 1986 in a sentence

  • Section 1803(a)(13)(A) of the Tax Reform Act of 1986 (TRA 1986) Public Law 99-514 (100 Stat.

  • As a result of TRA 1986 and for Plan years after December 31, 1986, no employee may be granted options which are exercisable for the first time in any one calendar year relating to more than $100,000 in fair market value of the Company's Common Stock valued on the date of the grant of the option.

  • The current version of the GST tax, set forth in sections 2601-2664, was enacted under TRA 1986, in which Congress substantively modified and retroactively repealed an earlier GST tax regime enacted in 1976.2 The GST tax generally is imposed on transfers, whether outright or in trust, to transferees who are at least two generations below the generation of the transferor.

  • However, due to limited data availability before the first tax change occurring in June 1981, we focus on the other four tax regime changes: TRA 1986, which increased the tax rate from 20% to 28%; TRA 1997, which cut the tax rate back to 20%; JGTRRA 2003, which further reduced the tax rate to 15%; and the ATRA 2012, which increased the top tax rate to 23.8%.

  • However, the Joint Committee staff summary was provided to the Members of the House and Senate for their reference before Congress enacted TRA 1986, and consequently it is part of the history of the legislation.

  • However, TRA 1986 section 1433(b)(2)(A) provides special transitional rules or “grandfather” provisions excepting certain transfers from the reach of the GST tax.

  • Commissioner, supra, is inconsistent herewith, we no longer follow that opinion.H. Petitioners’ Alternative Contention Alternatively, petitioners contend that section 1.163- 9T(b)(2)(i)(A), Temporary Income Tax Regs., supra, does not control because it relates to section 163(h)(2)(A) as enacted by TRA 1986, not to section 163(h)(2)(A) as amended by TAMRA 1988; section 163(h)(2)(A) as amended by TAMRA 1988 is the provision which applies in the instant case.

  • In both the contexts of the regulations under section 174 and the explanation of the process of experimentation test provided in the conference report accompanying the TRA 1986, only uncertainty is required.

  • Petitioner relies on the Eighth and Ninth Circuit cases, Simpson and Bachler, for the proposition that the plain and unambiguous language of TRA 1986 section 1433(b)(2)(A) excepts 5 We note that decedent last amended and restated the Eleanor Gerson Trust on Sept.

  • Copies of these agreements are held as .pdfs within the PHRDM System for each research project.One of the added features of the PHRDMS is that it also maintains an audit trail and history of all data modifications.

Related to TRA 1986

  • Military spouse means a person who is married to a military service member.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • war widow s pension” means any pension or allowance payable to a woman as a widow under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003 in respect of the death or disablement of any person;

  • Required Beginning Date means April 1 of the calendar year following the later of:

  • DEPP means the Authority’s Decision Procedure and Penalties Manual;

  • life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Cabinet means the Cabinet for Health and Family Services;

  • additional spouse means a spouse by the party to the marriage who is additional to the party to the marriage;

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of the Participant with a survivor annuity for the life of the Spouse which is fifty percent (50%) of the amount of the annuity which is payable during the joint lives of the Participant and the Spouse and which is the amount of benefit which can be purchased with the Participant's Vested Account Balance.

  • Living Wage Employee means any and all employees of the Contractor and all Subcontractors of the Contractor that perform any part of the Work on a property owned by or leased to the City, including all streets, sidewalks and other public rights of way, for at least one consecutive hour, but excluding Students, volunteers and employees of Social Enterprises;

  • 100-year floodplain means any area of land that:

  • war widower s pension” means any pension or allowance payable to a man as a widower or to a surviving civil partner under an instrument specified in section 639(2) of the Income Tax (Earnings and Pensions) Act 2003 in respect of the death or disablement of any person;

  • New employee orientation means the onboarding process of a newly hired public employee, whether in person, online, or through other means or mediums, in which employees are advised of their employment status, rights, benefits, duties and responsibilities, or any other employment-related matters.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • 2001 CSO Mortality Table means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American Academy of Actuaries CSO Task Force from the valuation basic mortality table developed by the Society of Actuaries Individual Life Insurance Valuation Mortal- ity Task Force, and adopted by the NAIC in December 2002. The 2001 CSO mortality table is included in the Proceedings of the NAIC (2nd Quarter 2002) and is supplemented by the 2001 CSO preferred class structure mortality table and may be obtained from the office. Unless the context indicates otherwise, the “2001 CSO mortality table” includes both the ultimate form of that table and the select and ultimate form of that table and includes both the smoker and nonsmoker mortality tables and the composite mor- tality tables. It also includes both the age−nearest−birthday and age−last−birthday bases of the mortality tables.

  • Shift Schedule means a written statement setting forth the days and hours upon which the employees are required to work.

  • Plan Schedule means the key terms applicable to Plans as set, and as may be varied by Us, from time to time in its absolute discretion without notice to You;

  • Air gap separation means the unobstructed vertical distance through the free atmosphere between the lowest opening from any pipe or faucet supplying water to a tank, plumbing fixture, or other device and the flood level rim of the receptacle.

  • Rear Yard means a yard extending across the full width of a parcel measured perpendicularly from the rear wall(s) of the main building situated on the parcel to the rear property boundary of the parcel [see sketch in Schedule B];

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • 100-year flood means a flood that has a 1-percent or greater chance of recurring in any given year or a flood of a magnitude equaled or exceeded once in 100 years on the average over a significantly long period.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.