On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub.L.111-312), a $858 billion tax package negotiated by the President and Republicans. The law extends for two years all of the so-called “Bush tax cuts” first enacted in 2001 and 2003. The new law also extends unemployment benefits for 13 months, reduces payroll taxes for employed Americans for one year, and extends various expiring tax incentives, including Build American Bonds, Clean Renewable Energy Bonds, and Qualified School Construction Bonds. Of particular importance to tribal communities, the new law extends for two years the research and development credit, the Indian employment credit, and the accelerated depreciation for business property placed on Indian lands.