American Recovery and Reinvestment Act of 2009: Special Report

Source: CCH Tax Briefing, February 17, 2009

The much-anticipated economic stimulus package, the American Recovery and Reinvestment Act of 2009 (P.L. 111-5), is now law. President Obama signed this historic measure on February 17. Moving through Congress in less than four weeks, the new law won House approval on February 13 by a 246-183 margin, followed by same-day Senate passage 60-38. The $787 billion new law, which contains nearly $300 billion in tax relief, sets in motion a wave of direct spending and tax incentives to jump start the U.S. economy out of recession.

– Individual Incentives
– Business Incentives
– Energy Incentives
– Help for State/Local Governments

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