• The Cliff-Hanger (Chapter One) is Over: Highlights of the American Taxpayer Relief Act of 2012
  • January 9, 2013
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012 (the Act), effective as of January 1, 2013. In general, the Act made permanent for most taxpayers the tax rate cuts first enacted under President Bush in 2001 and 2003, and extended certain expiring temporary individual and business tax cuts through 2013. Below are our “fiscal cliff notes” of some of the significant provisions of the Act.