Job Creation and Worker Assistance Act of 2002


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Job Creation and Worker Assistance Act of 2002

Legislation in the United States that reduced taxes on businesses without changing tax brackets. It accomplished this by temporarily increasing deductions, exemptions, and the number of years for which one may use a tax loss carryback. The idea behind the Act was to encourage job creation by allowing businesses to keep more of their earnings. The effects of this type of policy are disputed.
References in periodicals archive ?
Consultants who are well- published authors in the financial/pension planning field discuss technical changes and clarifications produced by legislation including the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, Working Families Tax Relief Act of 2004, and Job Creation and Worker Assistance Act of 2002. Information in question-and-answer format, new examples, updated charts, and technical appendices assist practitioners in complying with the new rules and advising clients on issues of eligibility, rollovers/ transfers, distribution, taxation, reporting, and estate planning.
In general, AB 115 conforms California tax law with the Economic Growth and Tax Relief Reconciliation Act of 2001; the Job Creation and Worker Assistance Act of 2002; the Jobs and Growth Tax Relief Reconciliation Act of 2003; the Medicare Prescription Drug, Improvement, and Modernization Act of 2003; the Working Families Tax Relief Act of 2004; and the American Jobs Creation Act of 2004.
As with the bonus depredation provisions in the Job Creation and Worker Assistance Act of 2002, (4) the states have to decide whether to conform to the DPAD provisions.
The difference can be partly accounted for by the Job Creation and Worker Assistance Act of 2002, which was signed into law on March 9, 2002.
WalzCraft owner Richard Walz said his company's growth has been aided by the Bush-Cheney administration's implementation of the Job Creation and Worker Assistance Act of 2002. The act created incentives for small manufacturing companies to reinvest in new equipment.
But the Job Creation and Worker Assistance Act of 2002 provides some limited relief"--The Motley Fool.com, August 2, 2002.
The Job Creation and Worker Assistance Act of 2002, section 406, allows teachers and other education professionals to deduct up to $250 of unreimbursed classroom expenses.
Some of the programs include the New York Liberty Zone Tax Relief Act of 2001, enacted as part of the federal Job Creation and Worker Assistance Act of 2002; the Small Firm Attraction and Retention Program, sponsored by the state of New York through the Empire State Development Corporation and the city of New York through the Economic Development Corporation; the World Trade Center Business Recovery Grant Program, administered by the state of New York through the Empire State Development Corporation; and the city's Lower Manhattan Economic Revitalization Plan.
Some of the more significant aspects of the legislation include the liberalized student loan deduction in the Job Creation and Worker Assistance Act of 2002; limited Sec.
The provision is effective as if included in the Job Creation and Worker Assistance Act of 2002, which applies to property placed in service after Sept.
Fortunately, the Job Creation and Worker Assistance Act of 2002 includes a provision allowing employers to not apply their automatic increases without violating the anticutback rules.
Congress passed an economic stimulus package called the Job Creation and Worker Assistance Act of 2002 (the "2002 Tax Act").