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Finance Dictionary and Glossary of Investment Terms
Taxpayer Relief Act of 1997
Definition 1.
Major new tax legislation that President Clinton signed into law on August 5, 1997.
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Definition 2.
Legislation forming part of a larger act designed to balance the federal budget. Some of the legislation's provisions included tax credits for taxpayers supporting children, an increase in the amount that could be excluded from estate taxes, and a lower capital gains tax rate.
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