American Jobs Creation Act

American Jobs Creation Act

United States legislation, passed in 2004, that repealed a subsidy for American exporters and extended tax relief to them (and others) in order to compensate them. It cut taxes for farmers and manufacturers and increased penalties for tax shelters. Proponents argued it would provide an incentive to create American jobs, while opponents contended it only made the tax code more complex.
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THE AMERICAN JOBS CREATION ACT ADDED IRC section 409A and significantly changed the rules for nonqualified deferred compensation plans.
AB 115 also conforms to the Economic Growth and Tax Relief Reconciliation Act of 2001; the Medicare Prescription Drug, Improvement, and Modernization Act of 2003; and the American Jobs Creation Act of 2004.
The American Jobs Creation Act of 2004 has spawned oceans of guidance from the government on a tidal wave of new provisions," Mr.
IN ELIMINATING THE EXTRATERRITORIAL INCOME exclusion for certain export receipts, the American Jobs Creation Act of 2004 implements a new manufacturer's deduction.
22, President Bush signed into law the American Jobs Creation Act of 2004, which makes sweeping changes in deferred-compensation law.
In addition, during the fourth quarter of fiscal 2006, the Company completed the repatriation of foreign earnings through intercompany dividends as required under the provisions of the American Jobs Creation Act of 2004 (AJCA).
The deduction, created by the American Jobs Creation Act of 2004, was enacted in response to the phased-out repeal of the extraterritorial income (ETI) exclusion.
199, enacted to replace the phase out of the extraterritorial income regime (ETI), and the centerpiece of the American Jobs Creation Act of 2004, permits taxpayers to claim a domestic manufacturing deduction (DMD) from taxable income attributable to certain domestic production activities.
The American Jobs Creation Act of 2004 (AJCA), signed into law by President Bush on October 22, 2004, is the first major U.
Taxpayers involved in these transactions will have to consider a recent code change--the 2004 American Jobs Creation Act amended section 108(e) (8) on cancellation of debt in exchange for a partnership interest--in addition to the rules established in MAS One.
The ink was barely dry on the American Jobs Creation Act of 2004, signed by President Bush in late October, when FEI's Committee on Benefits Finance (CBF) recognized that the tax treatment of deferred income it lays out could be problematic for companies.
7 billion of foreign earnings in 2005 under the American Jobs Creation Act of 2004.
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