Just what we need for “recovery”
Highlights of the “recovery bill”, also known as the $700Million bailout bill:
Sec. 211. Transportation fringe benefit to bicycle commuters
Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
Sec. 309. Extension of economic development credit for American Samoa.
Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
Sec. 317. Seven-year cost recovery period for a motorsports racing track facility.
Sec. 322. Tax incentives for investment in the District of Columbia.
Sec. 325. Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds.