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What does OBRA89 stand for?

OBRA89 stands for Omnibus Budget Reconciliation Act of 1989

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Military and Government

Samples in periodicals archive:

The Improved Penalty and Compliance Tax Act -- enacted as part of the Omnibus Budget Reconciliation Act of 1989 -- revised and streamlined several penalty provisions of the Code, consolidating many of them into a new section 6662.
The regulations encompass changes under the Tax Reform Act of 1986, the Technical and Miscellaneous Revenue Act of 1988, the Omnibus Budget Reconciliation Act of 1989 as well as all the previously proposed regulations, temporary and final regulations, IRS notices and revenue procedures.
PREPARER PENALTY REGULATIONS Sections 6694(a) and (b), as changed by the Omnibus Budget Reconciliation Act of 1989, impose penalties on tax return preparers who prepare returns or refund claims containing certain understatements of tax liability.
The main objective of the Physician Payment Reform (PPR) portion of the Omnibus Budget Reconciliation Act of 1989 from a federal perspective is to do for Medicare Part B providers what the prospective pricing system did for hospital inpatient activity beginning in 1983: reduce the annual compound rate of growh in Medicare outlays from the 15-20 percent range to the 5-10 percent range.