On October 3, 2008, President Bush signed H.R. 1424 that contains multiple pieces of legislation aimed at improving the economy and providing relief to taxpayers. Included in the bill are the Emergency Economic Stabilization Act of 2008, Energy Improvement and Extension Act of 2008, and Tax Extenders and Alternative Minimum Tax Relief Act of 2008. The new law includes many important tax changes, including alternative minimum tax (AMT) relief, extensions of expired and expiring business and individual tax provisions, energy incentives, disaster relief, and revenue raisers. This summary will focus on the tax provisions contained in the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.
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Tax Extenders and Alternative Minimum Tax Relief Act of 2008
