December 23, 2015
On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (the “PATH Act”) after both houses of Congress voted to approve the budget measure and comprehensive spending bill. The PATH Act includes a broad range of tax extenders, either extending or making permanent several tax incentives, and also changes portions of the tax policy.

The budget measure provides two-year renewals for dozens of extenders, five-year renewals for some, and also contains provisions impacting Internal Revenue Service (“IRS”) administrative practices.

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