SPECIAL REPORT: Tax Provisions Expired, Expiring if Congress Fails to Act

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

If Congress fails to act, on Jan. 1, 2013, many favorable tax code provisions will revert back to the law in effect before enactment of the 2001 Economic Growth and Tax Relief Reconciliation Act and the 2003 Jobs and Growth Tax Relief Reconciliation Act. In addition, many pro-business tax code provisions expired at the end of 2011. Bloomberg BNA provides a comprehensive breakdown of these expired and expiring provisions, describing the law in 2012 and the law in 2013 if Congress fails to act, as well as other changes to take effect under the Affordable Care Act.