• This single bill contains 36 retroactive provisions.

• It has 114 changes that became effective as soon as the President signed the Act into law.

• There are 69 changes that go into effect with the new year.

• Five changes come about strictly after 1998.

Effective dates of major provisions:

Provision	Effective Date
Capital gain tax cuts	May 7, 1997, for most provisions; others phased in
Sale of principal residence	May 7, 1997
Child tax credit	January 1, 1998
Education incentives	January 1, 1998, and July 1, 1998
IRAs	January 1, 1998, for most provisions; others phased in
Estate and gift taxes	January 1, 1998, with phase in

Tax Record Checklist

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