Miscellaneous Revenue Act of 1982

The Miscellaneous Revenue Act of 1982 was enacted on October 25, 1982, as Public Law 97-362. This act made various amendments to the Internal Revenue Code, primarily relating to tax provisions and revenue adjustments. It reduced the LIFO recapture amount for certain plans of liquidation adopted during 1982, adjusted net operating loss carryback and carryforward rules for the Federal National Mortgage Association, and allowed a rollover of gain on certain sales under FCC orders. The act also made changes to annuity computations, employment tax withholding, and unemployment benefits paid to ex-service members, among other provisions.