American Recovery & Reinvestment Tax Act of 2009

The American Recovery & Reinvestment Tax Act of 2009 – commonly referred to as the Economic Stimulus Package – was signed into law on February 17, 2009. It contains a number of provisions that will benefit state and local governments as well as individuals by providing funding for projects and various forms of tax relief. Many of the provisions are intended to stimulate the economy and increase jobs. The new law does not contain any specific retirement-related provisions that would impact governmental retirement plans.

For more information about specifics of the law please see the following official documents:

• Summary of Conference Report
• Detailed Summary
• Text of the Conference Report
  • Division A
  • Division B
• Joint Explanatory Statement
  • Division A
  • Division B
• Summary of Provisions from Senate Finance and House Ways & Means
• Summary of Energy and Commerce Provisions
• CBO Estimate on Budgetary Impacts of ARRA