Skip to Content

President signs Extenders and Omnibus Acts, impacting a broad range of provisions

December 23, 2015 Article 1 min read
Authors:
Michael Monaghan James Minutolo Robert Shefferly III
Plante Moran’s National Tax Office issues periodic alerts to keep you apprised of important federal tax changes.

On December 18, President Obama signed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) and the FY 2016 Omnibus spending bill.

The Act:

  • Makes over 20 key tax provisions permanent, including the research tax credit, enhanced Code Sec. 179 expensing, and the American Opportunity Tax Credit
  • Extends other provisions, including bonus depreciation, for five years; and reviving many others for two years
  • Enhances many extenders
  • Imposes a two-year moratorium on the ACA medical device excise tax and “Cadillac” tax on high cost health plans

Read the full alert >>

Related Thinking

Two tax professionals standing on steps discussing cost segregation.
June 6, 2024

Real estate company saves $2.3 million in taxes using cost segregation

Case Study 2 min read
Aerial view of Washington D.C. at dusk.
June 6, 2024

4 ways to monetize Inflation Reduction Act tax credits

Article 7 min read
Birds flying above water in front of a U.S. government building.
May 29, 2024

State and local tax advisor: May 2024

Article 30 min read