This CCH publication reproduces the full text of the entire bill known as the Emergency Economic Stabilization Act of 2008, and the Joint Committee on Taxation technical explanation of the act, explaining the current law, the changes made, and when each of these changes will go into effect. This Explanation indicates legislative intent and is particularly helpful pending the issuance of final regulations in areas where the Code is unclear. The full text of the bill is included, not just those provisions that amend the Internal Revenue Code. This bill text, along with the technical explanations by the JCT, make this volume indispensible in any tax library.Extend the research and experimentation tax credit (sec. 221 of the bill and sec. 41 of the Code) Present Law A taxpayer may claim a research credit equal to 20 percent of the amount by which the taxpayera#39;s qualified research expenses for aanbsp;...
|Title||:||Emergency Economic Stabilization Act of 2008|
|Publisher||:||CCH - 2008-10-01|