Morrison Cohen Offers Analysis of New Stimulus Package

February 17, 2009 President Obama today signed into law the nearly $800 billion stimulus plan called the "American Recovery and Reinvestment Tax Act of 2009." This legislation provides individuals and families with tax relief in several significant areas such as home ownership, automobile purchases, alternative minimum tax, earned income tax credit and unemployment compensation. The new law also contains several tax incentives for businesses. Morrison Cohen has prepared a summary that highlights certain business tax provisions contained in the plan which may directly impact mergers and acquisitions transactions.