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EGTRRA

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
EGTRRAEconomic Growth and Tax Relief Reconciliation Act of 2001 (also known as EGTRAA 2001)


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32) Thus, in contrast to pre-EGTRRA law, under the provisions of EGTRRA the trustor need not speculate on whether a GST exemption will be needed when the trust is formed.
IRC section 402A--the new EGTRRA provision--is scheduled to become effective on January 1, 2006, for 401(k) plans that have been amended to allow such contributions.
Another significant, but rarely spoken about, change made by EGTRRA to the estate tax provisions of the Internal Revenue Code of 1986, as amended, was the phase-out and eventual repeal of the state death tax credit (SDTC) provided under Code [section] 2011.
 
 
 
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