Energy Tax Provisions in the Fiscal Cliff Compromise

Credit for certain nonbusiness energy property (25C). The bill extends for two years, through 2013, the credit under Section 25C of the Code for energy-efficient improvements to existing homes, reinstating the credit as it existed before passage of the American Recovery and Reinvestment Act. Standards for property eligible under 25C are updated to reflect improvements… More »

Last Day of the 112th Congress

Today is the final full day of the 112th Congress and no votes are scheduled although both chambers will convene. The day had been set aside to debate a $27 billion Hurricane Sandy Disaster Relief package for near term needs and $33 billion for longer term projects needed for recovery. However, it does not appear… More »

Fiscal Cliff Proposal Summaries

Below are useful summaries of the fiscal cliff proposal put forward and passed by the US Senate on 01/01/2013. Side by side comparison 1 Page Summary of Proposal Finance Committee Summary Health Provisions Health Provision Offsets

CBO Score of Fiscal Cliff Proposal

Line by line accounting of tax provisions included in the proposal. Copy of score can be viewed here: