HR 3648
103th Congress
House
Taxation
Buy American
Capital gains tax
Commerce
Corporation taxes
Depreciation and amortization
Earnings
Foreign Trade and International Finance
Foreign corporations
Foreign investments
Income tax
Manufacturing industries
Product development
Tax deductions
Tax deferral
Tax rates
Taxation of foreign income
Jobs Friendly America Act
Introduced: November 22, 1993
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 22, 1993
Referred to the House Committee on Ways and Means.
Nov 22, 1993
Introduced in House
Plain-English summary
Jobs Friendly America Act - Amends the Internal Revenue Code to allow accelerated depreciation for equipment used by any corporation having a majority of its manufacturing equipment in the United States.
Reduces corporate and individual capital gains rates.
Repeals the deferral on earnings of controlled foreign corporations invested in excess passive assets.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1