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Title
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Comparison of state plant closing laws
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Date
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1984
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Summary
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As of March 1, 1983, at least 10 States had enacted "plant closing" laws. These laws take various forms. Some require businesses to notify workers in advance of a closing. Others require the State or businesses to provide such benefits as health insurance, severance pay, or reemployment assistance to displaced workers. Still others set up a program of assistance to help workers buy plants threatened with closure. This paper outlines and compares the provisions of these 10 State laws.
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Title
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Depreciation and the Tax Reform Act of 1986 (PL 99-514)
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Date
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1987
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Summary
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An important business tax provision of the Tax Reform Act of 1986 is the new tax depreciation rules for business assets. The effect of the Tax Reform Act's changes was to slow down the rate at which the cost of most assets can be depreciated. Depreciation deductions are thus less valuable to businesses than under prior law. The Act's depreciation changes, along with its repeal of the investment tax credit, also increased the tax burden on depreciable assets compared to other types of investments. While the primary purpose of this report is to describe the changes in depreciation rules and their effects, the report also contains basic information on the rationale for depreciation deductions and how the deductions are calculated.
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