May 22, 2006
Legislative Resources for the Tax Increase Prevention and Reconciliation Act of 2005
President Bush has signed into law Tax Relief Extension Reconciliation Act of 2005.
- The bill extends for two years the 15 percent tax rate for dividends and capital gains.
- It extends through 2006 changes to the alternative minimum tax.
- It extends through 2009 a tax cut that gives small businesses a write off -- up to $100,000 -- for equipment and other depreciable assets.
- Among other provisions, the bill also eliminates, for 2010, the $100,000 income limitations on converting traditional IRAs to Roth IRAs.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Legislative Resources for the Tax Increase Prevention and Reconciliation Act of 2005 :