My Profile   |   Contact Us   |   Your Cart   |   Sign In
News & Tax Alerts: Tax Alerts – Federal

Budget Sequestration Reduces Some Credits and Awards (3/7/2013)

Thursday, March 7, 2013   (0 Comments)
Posted by: Fred Carter
Federal budget sequestration has resulted in required cuts to certain credits and awards, effective March 1, 2013, pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. These required cuts include a reduction in the refundable portion of the Small Business Health Care Tax Credit for certain small tax-exempt employers, a reduction in award payments to whistleblowers, and a reduction to refundable credits applicable to certain qualified bonds. The sequestration reduction rate will be applied until the end of the fiscal year (September 30, 2013) or intervening Congressional action, at which time the sequestration rate is subject to change.

Community Search
Sign In


Forgot your password?

Not a member? Join now!

News & Tax Alerts
CPE/Events

Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


Advertise/Exhibit

Classifieds

CPA Locator

Press Room

Staff Directory

Facility Rental

Privacy & Terms

About LCPA