Obama's HIRE Act - Explaining the Tax Provisions
Adam Flock, D. Nathan Smith and Michael S. Evans - Baker Donelson
June 21, 2010
President Obama signed the Hiring Incentives to Restore Employment Act (the HIRE Act) on March 18, 2010. The HIRE Act provides $18.6 billion in tax provisions including $13 billion in tax breaks for hiring and retaining qualified workers. Additionally, the HIRE Act increases the expensing limitations under Section 179 of the Code for 2010 and expands the Build America Bonds program.
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