Tax Law Updates | New Proposed Legislation
June 2, 2010
Tax Extenders Bill Passes House, Goes to Senate
American Jobs and Closing Tax Loopholes Act of 2010
H.R.4213, 5/28/2010
The U.S. House of Representatives has passed the American Jobs and Closing Tax Loopholes Act (House amendment to Senate amendment to HR 4213), a package of tax proposals which the House claimed will help create or save more than a million American jobs by restoring credit to small businesses and extending tax incentives for American R&D and energy, among others.
The features of the bill, among others, include:
Small Business Administration. The bill would extend the American Recovery and Reinvestment Act small business lending program that eliminates the fees normally charged for loans through the SBA 7(a) and 504 loan…
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View a PDF of the proposed legislation
