Stimulus Act Of 2008

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Stimulus act of 2008. Tax credits for individuals. F publ185 110 page 122 stat. 110 185 02 13 2008 110th congress public law 185 from the u s.

The economic stimulus act of 2008 usstatute 110 185 122 613 2008 02 13 is an act of congress providing for several kinds of economic stimulus intended to boost the united states economy in 2008 and to avert or ameliorate a recession the stimulus package was passed by the u s. 613 enacted february 13 2008 was an act of congress providing for several kinds of economic stimuli intended to boost the united states economy in 2008 and to avert a recession or ameliorate economic conditions. The economic stimulus act of 2008 contains two provisions that provide tax benefits for businesses.

The act provides several kinds of stimulus intended to boost the us economy in 2008 and to avoid or lessen an economic recession. Shown here public law no. People who filed tax returns for either 2007 or 2008 could qualify for recovery rebates.

An individual income tax rebate sent in mid 2008 and two business provisions to encourage investment during 2008. The first provision increases the limit up to which a business can expense property purchased and placed in service during its 2008 tax year. 110 185 text 122 stat.

House of representatives on january 29 2008 and in a slightly different version by the u s. The economic stimulus act of 2008 pub l. Senate on february 7 2008.

The economic stimulus act of 2008 had three main parts. 613 public law 110 185 110th congress an act to provide economic stimulus through recovery rebates to individuals incentives for business investment and an increase in. The act was signed by president bush on february 13 2008.