Treasury Department provides "Green Book" explanation of Administration FY 2012 tax proposals

Washington National Tax Services

On February 14, the Office of Management and Budget released President Barack Obama's proposed federal budget for Fiscal Year 2012 (the Budget) and the U.S. Treasury Department released its General Explanations of the Administration's Fiscal Year 2012 Revenue Proposals, also known as the "Green Book."

The Treasury Green Book provides additional details on various business and individual tax relief and revenue-raising proposals contained in the President's FY 2012 budget. The Administration has reproposed, with certain modifications, a number of tax provisions that were not adopted during the previous Congress.

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