The major bill that dealt with all of the provisions Congress passed a one year extender on the prior December was the PATH Act. This bill, in addition to extending various provisions, also added some brand new provisions to the tax law.
For the most part the bill retains those provisions that expired in 2014 with the same rules and limits for 2015. However the act makes some of these provisions permanent, extends others through 2019 and extenders the remainder through the end of 2015. As well, some provisions are modified for 2016 and later years.
The President signed the bill into law on December 18, 2015, making that date the “date of enactment” for provisions that reference that date.Read More