What percentage did the Revenue Reconciliation Act of 1993 modify the 1986 passive loss restrictions to?

The Revenue Reconciliation Act of 1993 made a significant adjustment to the passive loss restrictions that were established in 1986 by increasing the amount of income that could be offset by passive losses. This act allowed for a 50% increase in the threshold for passive loss deductions, which meant that taxpayers could now offset more of their passive activity losses against other forms of income. This change was aimed at providing some relief to individuals who were involved in rental real estate, among other passive activities, by allowing them to utilize these losses more effectively to reduce their taxable income. The 50% adjustment offered by the act enabled a greater number of taxpayers to benefit from deductions associated with passive losses, thereby promoting real estate investment during that period.