American Manufacturing Jobs Act of 2003

Fact Sheet API

Bill Number

S 1922

Introduced

Nov 21, 2003

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15416-15418)

Sponsor

Cosponsors

Topics

Accounting Affiliated corporations Agricultural cooperatives Agriculture and Food Commerce Computer software Copyright Exports Finance and Financial Sector Foreign corporations Foreign Trade and International Finance Intellectual property Manufacturing industries Minimum tax Payroll deductions Science, Technology, Communications Tax deductions Tax exclusion Tax rates Taxation Taxation of foreign income Trademarks

Full Text

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Votes

Summary

American Manufacturing 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.

Actions

Nov 21, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15416-15418)
Nov 21, 2003

Sponsor introductory remarks on measure. (CR S15415-15416)
Nov 21, 2003

Introduced in Senate

Amendments

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