Financial Status: |
- Total Available: $1,488,992,923
- Total Paid Out: $87,889,354
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Major Actions Taken to Date: |
- Form 8834 - Qualified Electric and Plug-in Electric Vehicle Credit released to public, posted to irs.gov
- FMS: Disbursed 3,824 "catch-up" payments with an August 5th payment date to Railroad Retirement benefit recipients. These payments totaled $956,000. These "catch-up" payments were disbursed to beneficiaries who were determined to be eligible to receive the $250 Economic Recovery payment after the initial eligibility period. The cumulative number of disbursements is 54,704,202. The cumulative amount disbursed is over $13.6 billion.
- FMS: Offset 48 of the $250 Recovery Act payments disbursed this week to collect $11,600 delinquent debts owed to state or federal government agencies, including delinquent child support debts. The cumulative number of offsets is 993,966. The cumulative amount collected is approximately $232.7 million.
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Major Planned Actions: |
- Revenue Procedure regarding the special allowance of business property acquired in 2009 and cancellation of debt (COD) income election (ARRA 1231)
- Notice describing the Credit for Investment in Advanced Energy Facilities. This is not a consumer-oriented provision. Within 180 days of enactment the Secretary must establish a program for the allocation of the credit. This notice will be similar to those published under Sections 48A and 48B, after coordination with the Department of Energy (ARRA 1302- Code Section 48C)
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