Brownstein Update: Federal Tax Legislation - A Year in Review

Brownstein Update: Federal Tax Legislation - A Year in Review

Dec 02, 2009

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Brownstein Client Update, December 2, 2009

This year, Brownstein Hyatt Farber Schreck has been fully engaged in tax legislation designed to help the recession-wracked U.S. economy. We are happy to report two recent successes—1) the extension and enhancement of the first-time homebuyer tax credit; and 2) the passage of a robust 5 year net operating loss (NOL) provision. In addition, our earlier efforts were instrumental in including a deferral of cancellation of indebtedness (CODI) income in the stimulus bill in February, thereby helping companies reduce their debt and restructure their balance sheets.

Click to read about these important legislative items.

Meet The Team

Michael B. Levy Policy Director T 202.872.5281 mlevy@bhfs.com
Carmencita N. M. Whonder Policy Director T 202.652.2343 cwhonder@bhfs.com