* $ 7.0 million in debt, * $ 3.1 million of accrued liabilities
at December 31, 2008, * $ 3.1 million of remaining building
lease obligations, net of potential subleases, * $ 2.2 million of estimated severance for Named Executive Officers, * $ 5.0 million of estimated operating
expenses for the six months
ended June 30, 2009, * $ 2.3 million of estimated winddown and other transaction costs,
Business Tax Items • Permanently extends the 2001/2003 tax rates for adjusted gross income levels under $ 450,000 ($ 400,000 single); good for small business and home builders, 80 % of whom are pass - thru entities who pay taxes on the individual side of the code • Permanently extends the Alternative Minimum patch; again, good for small business owners who are frequently
at risk of paying AMT • Permanently sets the parameters of the estate tax; positive for family - owned construction firms; codifies the 2010 $ 5 million exemption amount (indexed to inflation) and a 40 percent estate tax rate • Extends present law section 179 small business
expensing through the
end of 2013; offers cash flow and administrative cost benefits for small firms • Extends the section 45L new energy - efficient home tax credit through the
end of 2013; allows a $ 2,000 tax credit for the construction of for sale and for -
lease energy - efficient homes in buildings with fewer than three floors above grade