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2008 Corporate Tax Increase

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The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, Pub.L. 109-222, 120 Stat. 345) was enacted on May 17, 2006.


This bill prevents several tax provisions from sunseting in the near future. The two most notable pieces of the bill are the extension of the reduced tax rates on capital gains and dividends and extension of the alternative minimum tax (AMT) tax reduction.


On January 29, 2009, the U.S. Senate approved the Children's Health Insurance Program Reauthorization Act of 2009, better known as the State Children's Health Insurance Program or SCHIP.




© the amount of any required installment of corporate estimated tax which is otherwise due in July, August, or September of 2013 shall be 100.75 percent of such amount.


Latest version of SCHIP legislation




The percentage under subparagraph © of section 401(1) of the Tax Increase Prevention and Reconciliation Act of 2005 in effect on the date of the enactment of this Act is increased by 0.5 percentage point.


Track the Bill




1/13/2009 Introduced in House

1/14/2009 Passed/agreed to in House: On passage Passed by recorded vote: 289 - 139 (Roll no. 16).

1/29/2009 Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 66 - 32. Record Vote Number: 31.

1/29/2009 Resolving differences -- Senate actions: Senate insists on its amendment, asks for a conference, appoints conferees Baucus; Rockefeller; Conrad; Grassley; Hatch.


Available for public comment.



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