This HTML5 document contains 76 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
n14http://projects.washingtonpost.com/congress/105/house/1/votes/350/
dbohttp://dbpedia.org/ontology/
foafhttp://xmlns.com/foaf/0.1/
n10https://clerk.house.gov/Votes/
n19https://global.dbpedia.org/id/
n7https://www.congress.gov/bill/105th-congress/house-bill/2014/
dbthttp://dbpedia.org/resource/Template:
rdfshttp://www.w3.org/2000/01/rdf-schema#
n8https://www.scribd.com/doc/24597976/
freebasehttp://rdf.freebase.com/ns/
n13http://viaf.org/viaf/
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
owlhttp://www.w3.org/2002/07/owl#
wikipedia-enhttp://en.wikipedia.org/wiki/
dbphttp://dbpedia.org/property/
dbchttp://dbpedia.org/resource/Category:
provhttp://www.w3.org/ns/prov#
xsdhhttp://www.w3.org/2001/XMLSchema#
n15https://www.senate.gov/legislative/LIS/roll_call_lists/
wikidatahttp://www.wikidata.org/entity/
dbrhttp://dbpedia.org/resource/
n21https://money.cnn.com/magazines/moneymag/moneymag_archive/1997/08/01/229754/

Statements

Subject Item
dbr:Taxpayer_Relief_Act_of_1997
rdfs:label
Taxpayer Relief Act of 1997
rdfs:comment
The Taxpayer Relief Act of 1997 (Pub.L. 105–34 (text) (PDF), H.R. 2014, 111 Stat. 787, enacted August 5, 1997) reduced several federal taxes in the United States. Starting in 1998, a $400 tax credit for each child under age 17 was introduced, which was later increased to $500 in 1999. This credit was phased out for high-income families. The top marginal long term capital gains rate fell from 28% to 20%, subject to certain phase-in rules. The 15% bracket was lowered to 10%. Roth IRAs were established, permanently exempting these retirement accounts from capital gains taxes.
dcterms:subject
dbc:Acts_of_the_105th_United_States_Congress dbc:United_States_federal_taxation_legislation dbc:United_States_federal_reconciliation_legislation
dbo:wikiPageID
1606832
dbo:wikiPageRevisionID
1068156049
dbo:wikiPageWikiLink
dbc:United_States_federal_reconciliation_legislation dbr:Bill_Clinton dbr:President_of_the_United_States dbr:Hope_credit dbr:Roth_IRA dbr:Washington_Post dbr:Capital_gains dbr:Stepped-up_basis dbc:Acts_of_the_105th_United_States_Congress dbr:John_Kasich dbc:United_States_federal_taxation_legislation dbr:Reconciliation_(Senate) dbr:Republican_Party_(United_States) dbr:Child_tax_credit_(United_States) dbr:United_States dbr:Ohio dbr:Committee_of_the_Whole_House dbr:Lifetime_Learning_Credit dbr:Balanced_Budget_Act_of_1997
dbo:wikiPageExternalLink
n8:PL-105-34-Taxpayer-Relief-Act-of-1997 n7:all-actions%3Foverview=closed%23tabs n10:1997245 n10:1997350 n14: n15:roll_call_vote_cfm.cfm%3Fcongress=105&session=1&vote=00211 n15:roll_call_vote_cfm.cfm%3Fcongress=105&session=1&vote=00160 n21:index.htm
owl:sameAs
freebase:m.05g5pk n13:186103014 n19:4vPmS wikidata:Q7689696
dbp:wikiPageUsesTemplate
dbt:USStatute dbt:USPL dbt:Use_American_English dbt:UStaxation dbt:Nbsp dbt:US_tax_acts dbt:Short_description dbt:Infobox_U.S._legislation dbt:USBill dbt:Use_mdy_dates dbt:Reflist
dbp:effectiveDate
1997-01-01
dbp:introducedby
John Kasich
dbp:introduceddate
0001-06-24
dbp:introducedin
House
dbp:passedbody
Senate House of Representatives ]
dbp:passeddate
1997-06-26 1997-06-27
dbp:passedvote
80 253
dbp:shorttitle
Taxpayer Relief Act of 1997
dbp:signeddate
1997-08-05
dbp:signedpresident
dbr:Bill_Clinton
dbp:committees
dbr:Committee_of_the_Whole_House
dbp:enactedBy
105
dbo:abstract
The Taxpayer Relief Act of 1997 (Pub.L. 105–34 (text) (PDF), H.R. 2014, 111 Stat. 787, enacted August 5, 1997) reduced several federal taxes in the United States. Starting in 1998, a $400 tax credit for each child under age 17 was introduced, which was later increased to $500 in 1999. This credit was phased out for high-income families. The top marginal long term capital gains rate fell from 28% to 20%, subject to certain phase-in rules. The 15% bracket was lowered to 10%. Roth IRAs were established, permanently exempting these retirement accounts from capital gains taxes. The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years. The $600,000 estate tax exemption was to increase gradually to $1 million by the year 2006. As inherited assets are automatically revalued to their current or "stepped-up" basis, any capital gains are permanently exempted from taxation. Family farms and small businesses could qualify for an exemption of $1.3 million, effective 1998. Starting in 1999, the $10,000 annual gift tax exclusion was to be corrected for inflation. The act also provided tax exemptions for retirement accounts as well as education savings in the Hope credit and Lifetime Learning Credit. Some expiring business tax provisions were extended.
dbp:agreedbody
House of Representatives Senate
dbp:agreeddate
1997-07-31
dbp:agreedvote
389 92
dbp:leghisturl
n7:all-actions%3Foverview=closed%23tabs
dbp:longtitle
An act to provide for reconciliation pursuant to subsections and of section 105 of the concurrent resolution on the budget for fiscal year 1998.
prov:wasDerivedFrom
wikipedia-en:Taxpayer_Relief_Act_of_1997?oldid=1068156049&ns=0
dbo:wikiPageLength
6801
foaf:isPrimaryTopicOf
wikipedia-en:Taxpayer_Relief_Act_of_1997