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United States legislation, passed in 2004, that repealed a subsidy for American exporters and extended tax relief to them (and others) in order to compensate them.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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Additional guidance implementing various provisions of the American Jobs Creation Act of 2004 and the Tax Increase Prevention and Reconciliation Act of 2005.
The American Jobs Creation Act of 2004 had originally provided the election for 2004 and 2005 only.
Contractors should take advantage of all that the government offers, including the Manufacturing Deduction (Section 199 of the American Jobs Creation Act of 2004) which can result in the reduction of income reported to the government.
The American Jobs Creation Act and IRS Notice 2005-45 changed the tax treatment for personal use of company aircraft.
NEW YORK -- With a number of companies facing easy comparisons against a 2004 period that included special tax provisions associated with the American Jobs Creation Act, litigation charges and other unusual or nonrecurring items, income for major manufacturers of core drug store merchandise vaulted 76.
This tax break was enacted into law last fall with the passage of the American Jobs Creation Act (P.
7 million of undistributed foreign earnings during the third quarter of 2005 under the provisions of the American Jobs Creation Act.
in tax expenses associated with the American Jobs Creation Act.
In addition, the panelists discussed major changes in the way companies need to handle their non-qualified deferred compensation plans as required by last year's American Jobs Creation Act.
The American Jobs Creation Act was signed into law in October 2004 and, according to a new report from Ernst & Young, is the most comprehensive corporate tax law in the U.
1, 2006, or 60 days after review by the World Trade Organization (WTO) to determine whether the FSC successor legislation, the American Jobs Creation act, is compatible with WTO rules.
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