TITLE

Stimulus Corporate Breaks

PUB. DATE
March 2009
SOURCE
Treasury & Risk;Mar2009, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article explains that struggling large corporations in the U.S. cannot get much from the Economic Recovery Act of 2009 (Stimulus Act) signed by the president on February 17, 2009. It explains that only companies with earnings of less than $15 million will be able to carry current losses back five years. A provision that will allow all companies to do the same was dropped. However, companies are allowed to depreciate capital investments at 50% for the first year.
ACCESSION #
36981774

 

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