The American Recovery and Reinvestment Act of 2009 (a.k.a. the “Stimulus Bill”) was signed on Tuesday by President Obama. The bill covers multiple tax topics, including Tax Relief for Individuals and Families, Tax Incentives for Business, Economic Recovery Tools, and much more. The tax team has posted the tax provisions of the bill with initial analysis on the Tax Law Center; full analysis with conversion table to show which Internal Revenue Code sections were affected and how will be available early next week on the news tab on Tax Center and on the lexis.com taxation area of law page.
View an excerpt here from LexisNexis Tax Advisor-Federal Code Explanations of IRC Sec 168(k).
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Lexis Explanation IRC Sec. 168(k)
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