Boeing ( BA) said Wednesday that it expects to recognize an income tax charge of about $150 million as a result of the new health care law. Boeing says it will no longer be able to claim an income tax deduction related to prescription drug benefits provided to retirees and reimbursed under the Medicare Part D retiree drug subsidy, beginning in 2013. Boeing said that though this tax increase does not take effect until 2013, accounting standards require that a deferred income tax asset be written down in the period legislation changing the tax law is enacted. Boeing said the charge is expected to reduce net earnings by about $150 million, or 20 cents a share, in the first quarter of 2010. Boeing adds that cash impacts of this charge will be realized over many years beginning in 2013.