We understand the uncertainty and difficulty our clients face when provisions lapse, so we are reviewing and monitoring the activity around the Tax Extender Act of 2009. On December 8, 2009, the tax extender bill, H.R. 4213 passed the house. The following incentives were included in the bill:

·         Empowerment Zones

·         Katrina WOTC

·         New Market Tax Credit

·         NY Liberty Zones

·         Renewal Communities

·         Tax Incentives for the District of Columbia

·         The Indian Employment Tax Credit

The Tax Extender Package is currently awaiting approval from the Senate. We are hopeful that the extender package will be extended retroactively and will be adopted by the end of the session.

Angela Lockman