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Focus on Taxation:  President Obama Signs Tax Extenders Bill

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On Friday, December 18, President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015.
December 22, 2015
On Friday, December 18, President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015.

This sweeping legislation is a combined tax extender package totaling $622 billion, along with a $1.1 trillion omnibus spending bill.

More than 50 tax provisions have been extended (several permanently), including enhanced Section 179 expensing deductions, the Research & Experimentation Tax Credits, Bonus Depreciation, and the Child Tax Credit.

To review a detailed summary of the bill, as well as comments and analysis on the bill’s effect on individuals and businesses, please click to view RubinBrown & CCH’s Tax Briefing On Protecting Americans From Tax Hikes Act of 2015.

 

Any federal tax advice contained in this communication (including any attachments): (i) is intended for your use only; (ii) is based on the accuracy and completeness of the facts you have provided us; and (iii) may not be relied upon to avoid penalties.

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