Category — American Recovery and Reinvestment Act (ARRA)

The American Recovery and Reinvestment Act of 2009 (ARRA), the economic stimulus legislation signed into law on February 17, 2009, is intended to provide numerous real estate investment opportunities through a combination of domestic spending programs and tax incentives.  [Read more →]

Last week, Congress passed and the President signed into law the American Recovery and Reinvestment Act (the “Act”).  This Act provides many tax incentives for individuals, families, and businesses.  Discussed below are the key provisions enacted to assist individuals and families.  [Read more →]

Under the American Recovery and Reinvestment Act of 2009, the federal government will temporarily subsidize 65% of the COBRA premiums of “assistance eligible individuals” – employees and their eligible dependents who lose their employer provided health coverage due to the employee’s involuntary termination from employment during the period September 1, 2008 to December 31, 2009.  Each plan sponsor will have ultimate responsibility to comply with the Act.  Implementation will involve the coordination of employers’ Legal, Human Resources, Payroll, Accounting and COBRA administrator functions.  [Read more →]

The American Recovery and Reinvestment Act of 2009 includes the Health Information Technology for Economic and Clinical Health Act (HITECH Act).  The HITECH Act is significant for health care providers not only for the dramatically increased federal funds that will flow into the health care system but also for the significant expansion of law aimed at protecting the privacy and security of medical information.  The Act makes important substantive changes to the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and mandates extensive new regulations around electronic medical records.  [Read more →]

The new year, new President and struggling economy are the catalyst for some temporary changes to the world of public finance. The American Recovery and Reinvestment Act of 2009 (the “Recovery Act”) recently signed into law by the President provides some additional opportunities for bond and governmental financings in 2009 and 2010. [Read more →]

The American Recovery and Reinvestment Act of 2009, enacted February 17, 2009, rewrites Section 111 of the Emergency Economic Stabilization Act of 2008 (EESA) and provides modified rules for the Troubled Asset Relief Program (TARP) established under the EESA in a number of important ways.  [Read more →]

The American Recovery and Reinvestment Act of 2009 (the “Recovery Act”) was signed into law by President Obama on February 17, 2009.  The Recovery Act contains several helpful business tax changes, including:  (i) provisions making it easier for taxpayers to “workout” or restructure outstanding debt, (ii) provisions providing various incentives for small businesses and their owners, and (iii) a provision prospectively repealing the Treasury notice issued last year preserving tax losses of banks. [Read more →]

The American Recovery and Reinvestment Act of 2009, enacted February 17, 2009, rewrites Section 111 of the Emergency Economic Stabilization Act of 2008 (EESA) and provides modified rules for the Troubled Asset Relief Program (TARP) established under the EESA in a number of important ways.  [Read more →]

The American Recovery and Reinvestment Act of 2009 (ARRA), the economic stimulus legislation enacted by Congress, has created an across-the board, multi-year package of infrastructure programs on the scale of the New Deal WPA and the Interstate Highway System.

The ARRA program is not just an expansion of funding for governmental facilities – it provides for energy and environmental investment and retrofit, technology research and development and tax incentives useful to a wide range of corporate and real estate enterprises.  The program also encompasses the technology infrastructure on a broad scale, including the smart power grid, broadband expansion and electronic medical records system. As a result of ARRA, construction, technology networking, government contracting and regulatory interaction are likely to become more important components of business strategy. [Read more →]