House Passes Sweeping $622B Tax Extenders Bill

Law360, Washington (December 17, 2015, 1:55 PM EST) -- The U.S. House of Representatives on Thursday agreed to a $622 billion tax package that would extend several expiring tax breaks, including clean energy incentives, and make a number of changes to both individual and corporate taxation, including real estate and medical device taxes.

Lawmakers agreed in a 318-109 vote to pass the bill, the Protecting Americans from Tax Hikes Act of 2015, with nearly 80 Democrats joining nearly all Republicans in favor, sending the bill to the Senate. The Path Act includes a broad range of so-called tax extenders, either extending or making permanent several tax incentives, and also makes changes...

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