The centerpiece of the closing hours’ work was a tax-and-trade bill. The measure temporarily extended expiring tax breaks for business research and development, for hiring people off the welfare rolls and energy conservation incentives.
It reinstated (extended) tax provisions which expired on 12/31/05:
· Adjustment to income for Tuition and Fees
· Adjustment to income for Educator Expenses ($250)
· Schedule A Deduction for State and Local Sales Tax
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