Number: RS22850 Title: Tax Provisions of the Economic Stimulus Package Authors: Jane G. Gravelle, Government and Finance Division Abstract: The economic stimulus package, P. L. 110-185, contained two major components: individual tax rebates costing an estimated $117 billion in FY2008 and FY2009, and depreciation provisions (bonus depreciation and small business expensing costing an estimated $46.3 billion. This report describes the stimulus package's major components and their likely impacts as an economic stimulus. Pages: 4 Date: March 27, 2008