General Explanations of the Administrations Fiscal Year 2015 Revenue Proposals
Author | : Department of Department of the Treasury |
Publisher | : CreateSpace |
Total Pages | : 296 |
Release | : 2015-01-03 |
ISBN-10 | : 1503374734 |
ISBN-13 | : 9781503374737 |
Rating | : 4/5 (34 Downloads) |
Download or read book General Explanations of the Administrations Fiscal Year 2015 Revenue Proposals written by Department of Department of the Treasury and published by CreateSpace. This book was released on 2015-01-03 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The BBEDCA baseline, which is commonly used in budgeting and is defined in the statute, reflects, with some exceptions, the projected receipts level under current law. However, while the American Taxpayer Relief Act of 2012 (ATRA) made most of the 2001 and 2003 tax cuts and Alternative Minimum Tax relief permanent, it extended the American Opportunity Tax Credit (AOTC), Earned Income Tax Credit (EITC) expansions, and Child Tax Credit (CTC) expansions only through 2017. This Budget uses an adjusted baseline that permanently continues the AOTC, EITC, and CTC expansions extended through 2017 under ATRA.