Recovery Act 101
With much debate, the Recovery Act of 2009 was passed by Congress to help pull the U.S. from the grips of a historic recession. There are many provisions in the new law that could help package printers in these difficult times.
There are additional tax incentive programs in the Recovery Act that companies may consider. One program encourages the hiring of two additional categories of applicants under the existing Work Opportunity Tax Credit program—unemployed veterans and certain qualified youth between 16 and 25 years old. There are also several provisions to encourage the use of renewable energy.
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