S 1964
108th Congress
Senate
Taxation
Accounting
Affiliated corporations
Agricultural cooperatives
Agriculture and Food
Arts, Culture, Religion
Commerce
Computer software
Copyright
Cost accounting
Costs
Exports
Finance and Financial Sector
Foreign Trade and International Finance
Foreign corporations
Income tax
Intellectual property
Manufacturing industries
Minimum tax
Motion pictures
MORE JOBS Act
Introduced: November 25, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 25, 2003
Read twice and referred to the Committee on Finance.
Nov 25, 2003
Sponsor introductory remarks on measure. (CR S16006-16007)
Nov 25, 2003
Introduced in Senate
Plain-English summary
Manufacturing Opportunities to Revitalize our Economy's JOBS Act - MORE JOBS Act - Amends the Internal Revenue Code to repeal the exclusion from gross income of extraterritorial income (gross income attributable to foreign trading gross receipts).
Allows a deduction equal to nine percent of the qualified domestic production activities income, up to 50 percent of the W-2 wages paid by the employer for the taxable year.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1