Oct. 3, 2008

Congress approves financial bailout, AMT relief and extenders
The House and Senate have both passed H. R. 1424, combining the Emergency Economic Stabilization Act (the financial rescue bill) with legislation that will patch the alternative minimum tax (AMT) for 2008, extend key expiring and expired tax provisions through 2009 and enhance and extend a number of renewable energy incentives. The president has indicated he will sign the bill immediately. Read the bulletin.

For further information, contact Mel Schwarz at 202.521.1564 or Dustin Stamper at 202.861.4144. Visit www.GrantThornton.com.

Mel Schwarz
 Partner
National Tax Office.
202.521.1564
Mel.Schwarz@gt.com

Dustin Stamper
 Manager
202.861.4144
Dustin.Stamper@gt.com

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