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Hotel Lawyer: Stimulus Bill and financial recovery — summary of selected tax provisions

4 March 2009

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The landmark Stimulus Bill has commanded a lot of attention for the TARP and TALF provisions, (see Hotel Lawyers on the TARP, the TALF, and the ugly), but our dauntless tax attorneys have naturally focused on the $288 billion of stimulus that is projected to come from tax breaks.

Here is a summary of the most important provisions and what they do.


Summary of Selected Tax Provisions

by Marilyn Barrett and David Graff

Tax breaks are a big part of the $787 billion stimulus package

Effective February 17, 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 (otherwise known as the “Stimulus Bill”), $787 billion economic stimulus legislation which President Obama said marks a “major milestone on our road to recovery.” Tax provisions account for over $288 billion of this amount.

The accompanying memorandum summarizes only selected tax provisions contained in the Stimulus Bill.

Click here to download, or view the document in the window below.

View Global Hospitality Group: summary of selected tax provisions of the Stimulus Bill – 03-06-09

This memorandum is not exhaustive and you should contact your tax advisor to discuss how the new tax provisions will affect you. The first section describes business tax incentives, the second section describes energy-related tax incentives, and the third section describes tax provisions affecting individual taxpayers Several non-tax provisions have also been included.

Other articles on the Global Financial Crisis & Recovery and Outlook & Trends

For other articles about the Global Financial Crisis and where this all takes us, here are some recent articles and links. You can also go to Global Financial Crisis & Recovery and Outlook & Trends on

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Jim and his team are more than “just” great hotel lawyers. They are also hospitality consultants and business advisors. They are deal makers. They can help find the right operator or capital provider. They know who to call and how to reach them.

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