SELF-Tax Plan Act of 1984

[AI summary unavailable — showing source text] SELF-Tax Plan Act of 1984 - Amends the Internal Revenue Code to provide lower income tax rates for individuals, estates, and trusts and to reduce the number of tax brackets to four (three for estates and trusts). Repeals all the nonrefundable personal tax credits available to individuals. Repeals the earned income credit. Limits to corporations the availability of the tax credit for clinical testing expenses for drugs, the tax credit for producing fuel from nonconventional sources, the tax credit for increasing research activities, and the general business tax credit. Repeals all exclusions from gross income except certain listed exclusions. Repeals provisions relating to dividend reinvestment in public utilities. Limits the amount of scholarship and fellowship awards which may be excluded from gross income to the amount of tuition and related expenses. Provides that payments for teaching, research, or other services may not be excluded as scholarship or fellowship amounts where the teaching, research, or other services are not required of all candidates for a particular degree as a condition for receiving such degree. Repeals the qualified tuition reduction exclusion. Makes certai…