Kratovil Backs Bill That Brings Tax Relief To Small Businesses And Working Families

Washington, DC – Rep. Frank Kratovil supported the Tax Extenders Act of 2009, which extends tax relief provisions for working families and businesses to help spur job growth. The legislation will extend the R&D tax credit for nearly 11,000 businesses, provide up to 30 million homeowners with property tax relief, and provide a college tuition deduction that will make college possible for 4.5 million families.

“Tax credits that encourage innovation and education are essential for our nation’s long-term economic health. Extending these prow-growth tax credits are important to our economic recovery,” said Rep. Kratovil. “By making these targeted tax incentives a key part of our economic recovery strategy, we are creating jobs and laying the foundation for long term growth.”

Click here to read a summary of the tax credits and incentives included in this legislation.