American Jobs Creation Act

(redirected from American Jobs Creation Act of 2004)
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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United States legislation, passed in 2004, that repealed a subsidy for American exporters and extended tax relief to them (and others) in order to compensate them.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.
References in periodicals archive ?
American Jobs Creation Act of 2004, 108th Congress, October 7.
What's new in federal excise taxation, Fiscal Years 1992-2006
in tax expense related to the American Jobs Creation Act of 2004,
Scoreboard
subsidies, was within its terms of reference; and (2) that the Panel correctly held that 'to the extent that the United States, by enacting Section 101 of the American Jobs Creation Act of 2004, maintains prohibited F.C.
WTO body finds that U.S. continues to violate international trading rules by maintaining prohibited indirect subsidies through Foreign Sales Corporation and Extraterritorial Income Exclusions
The American Jobs Creation Act of 2004 included Section 409A, which changed the rules governing non-qualified deferred compensation plans.
A new look for compensation: all CEOs with deferred pay must review their plans
Including effects of a tax provision related to $24 million in dividends distributed under the American Jobs Creation Act of 2004, EPS is forecasted to be approximately $0.21.
Waters lowers forecast for second time this year
earnings under the American Jobs Creation Act of 2004 by repatriating US$ 36.6 million.
In other Rayonier news
The American Jobs Creation Act of 2004 authorizes a sales tax deduction option for 2004 and 2005 for clients itemizing deductions, allowing them to choose a federal income tax deduction for either state and local income taxes or sales tax.
Two reasons to plan now: savings bonds, sales tax deduction
These new tax incentives are in addition to several favorable sections in the American Jobs Creation Act of 2004 (Jobs Act) (see Legal Corner, Rural Cooperatives, Jan/Feb 2005, p.
Energy Tax Incentives Act includes cooperative provisions
With the American Jobs Creation Act of 2004 (Jobs Act), Congress added a new "above-the-line" (that is, before AGI) deduction for fees, including attorney fees, incurred by plaintiffs who filed "unlawful discrimination" claims.
Tax relief for employment plaintiffs: it used to be that winning a job discrimination case was actually a losing proposition for many plaintiffs after factoring in the income tax costs. Recent changes in the law may help some clients
In October 2004, President Bush signed the Working Families Tax Relief Act of 2004 and the American Jobs Creation Act of 2004. The significant provisions in both acts, as well as changes in state taxation for New York, New Jersey, and Connecticut, will have important implications for tax planning and preparation.
2004 tax update: federal, New York, New Jersey, and Connecticut
(7) Prior to the American Jobs Creation Act of 2004 (also referred to as the "act" or the "JOBS act"), aircraft purchasers were also eligible for "bonus depreciation." Note, however, that bonus depreciation on noncommercial aircraft generally expired in 2004 (i.e., the relevant aircraft must have been acquired after September 10, 2001, and placed in service before January 1, 2005) except for property acquired pursuant to a written binding contact before January 1, 2005, and placed in service before January 1, 2006.
Personal use of corporate aircraft before and after the American Jobs Creation Act of 2004: The American Jobs Creation Act of 2004 dramatically changed the rules with regard to deducting expenses associated with personal use of corporate aircraft by legislatively overruling the favorable Sutherland Lumber decision
Last year, the American Jobs Creation Act of 2004 reduced the depreciation period for leasehold improvements from 39 years to 15 years for improvements put into place through the end of 2005.
Outlook for real estate's tax issues uncertain
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