Nov, 11, 2013 - We have been inquiring a lot about the odds of about a dozens of
temporary United States tax provisions are scheduled to expire at the
end of 2013. Many of the provisions set to expire in 2013 are a part of
the usual suspects of extenders as they have been part of past many
temporary tax extension legislation. This year however many temporary
tax provisions were extended as part of the American Taxpayer Relief Act
(ATRA; P.L. 112-240) - AKA the Sequester. Collectively, temporary tax
provisions that are regularly extended by Congress—often for one to two
years—rather than being allowed to expire as scheduled are often
referred to as “tax extenders.” Caught in the middle of this is the
Renewable Energy Investment Tax Credit and Production Tax Credit. We
will keep our fingers crossed that this inventive is extended because
this tax credits fave benefited Puerto Rico and brought in a lot of US
based investment to the island. |
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