This CCH publication reproduces the full text of the tax provisions contained in the Emergency Economic Stabilization Act of 2008 that amend the Internal Revenue Code and the Joint Committee report explaining the current law, the changes made, and when each of these changes will go into effect.

The Joint Committee report of the Emergency Economic Stabilization Act of 2008 indicates legislative intent and is particularly helpful pending the issuance of final regulations in areas where the Code is unclear. The Congressional intent expressed in Joint Committee Reports is regarded by Courts as very high authority in determining how to apply new law. For this reason, the Joint Committee Report is a valuable addition to any tax library.