On 18 December 2015, both houses of the U.S. Congress approved the Protecting Americans from Tax Hikes (PATH) Act and the Omnibus spending bill, which was then signed by the president the same day. The legislation renews 52 tax provisions (tax extenders) that expired the end of 2014, and makes certain provisions permanent. The main business related provisions that have been made permanent include:
- The research and development tax credit, which is also amended to allow businesses with less th…