The Economic Stimulus Act of 2008
1 Sec. 6428(e)(3).
2 Sec. 6428(a).
3 Sec. 24(c).
4 Sec. 6428(b)(2).
5 IR-2008-48.
6 Sec. 6428(e)(4)(B).
7 Sec. 86(d).
8 Sec. 6428(e)(1).
9 Sec. 6428(e)(2)(A).
10 Sec. 6428(e)(2).
11 Sec. 6428(b)(2)(B).
12 Sec. 6428(a).
13 Sec. 6428(b)(1).
14 Sec. 6428(d).
15 FS-2008-15.
16 Sec. 6428(g)(3).
17 Sec. 6012.
18 Sec. 6017.
19 Rev. Proc. 2008-21, 2008-12 IRB 657; and Notice 2008-28, 2008-10 IRB 546.
20 Sec. 6428(h)(C)(2).
21 Sec. 6402.
22 IR-2008-44.
23 Sec. 6428(f)(2). See IRS, “Stimulus Payments: Answers to Frequently Asked Questions,” April 15, 2008, available at www.irs.gov/newsroom/article/0,,id=179181,00.html.
24 FS-2008-15.
25 See Veliotis, “Stimulus Tax Rebate Deadline Poses Problems for Some U.S. Expatriates,” Tax Notes International (March 3, 2008): 791.
26 IRS, “Stimulus Payments: Answers to Frequently Asked Questions.”
27 Sec. 6428(f).
28 FS-2008-15.
29 Sec. 179(b)(1), as adjusted for inflation by Rev. Proc. 2007-66, 2007-45 IRB 970.
30 Sec. 179(b)(2), as adjusted for inflation by Rev. Proc. 2007-66, 2007-45 IRB 970.
31 Sec. 179(d)(1)(A)(ii).
32 Sec. 179(b)(6).
33 Sec. 179(b)(3).
34 Sec. 179(b)(3)(B).
35 Sec. 168(k).
36 Secs. 280F(d)(5) and (a)(1)(A)(i).
37 Sec. 168(k)(2)(F).
38 Sec. 168(k)(2)(G).
39 Sec. 168(k)(2)(A).
40 Sec. 168(k)(2)(A)(i)(II), referring to Sec.167(f)(1)(B).
41 Sec. 168(k)(2)(A)(i)(III), referring to Sec. 168(e)(5).
42 Sec. 168(k)(2)(A)(i)(IV). See Sec. 168(k)(3) for the definition of leasehold improvement property.
43 Sec. 168(k)(2)(A)(ii).
44 Sec. 168(k)(2)(A)(iii).
45 Sec. 168(k)(2)(A)(iv).
46 Sec. 168(k)(2)(E).
47 Sec. 168(k)(2)(B).
48 Sec. 168(k)(2)(C).
49 Sec. 168(k)(1)(B).
50 IR-2008-22.
51 The IRS plans to issue guidance that will apply Regs. Sec. 1.168(k)-1 (the original bonus depreciation regulations) to the ESA bonus depreciation (IR-2008-58). See Regs. Sec. 1.168(k)-1(d)(3), Example 2.
52 Sec. 168(k)(2)(G).
53 Joint Committee on Taxation, Estimated Budget Effects of the “Economic Stimulus Act of 2008” as Passed by the House of Representatives and the Senate on February 7, 2008 (JCX-17-08), February 8, 2008, available at www.house.gov/jct/x-17-08.pdf.
54 Government Accountability Office, Internal Revenue Service Fiscal Year 2009 Budget Request and Interim Performance Results of IRS’s 2008 Tax Filing Season (GAO-08-567), March 2008, available at www.gao.gov/new.items/d08567.pdf.
55 Bartlett, “Feel-Good Economics,” Wall Street Journal, January 19, 2008, p. A12.
56 See Cohen and Cummins, “A Retrospective Evaluation of the Effects of Temporary Partial Expensing,” Finance and Economics Discussion Series 2006-19,Federal Reserve Board, Washington, DC (April 2006).
57 See Knittel, “Corporate Response to Accelerated Tax Depreciation: Bonus Depreciation for Tax Years 2002–2004,” U.S. Department of the Treasury, Office of Tax Analysis Working Paper No. 98 (May 2007).
