Firm News Blog

Emergency Economic Stabilization Act of 2008

On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act of 2008. Along with the much publicized financial markets rescue plan, the bill also contains $150 billion in tax relief. 

Other highlights of the Act include:

  • Over 290 Changes to the Tax Code
  • 2008 AMT Patch
  • Tax Extenders
  • Disaster Relief
  • Energy Incentives
  • Revised Preparer Penalty Standard
  • Enhanced Child Tax Credit
  • Broker Basis Reporting 

For a complete summary of all of these highlights, we recommend that you review this Emergency Economic Stabilization Act summary.

Looking for Cleveland or Akron tax accountant? Contact Skoda Minotti at 440-449-6800.

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