MORE JOBS Act
Latest action · Nov 25, 2003 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 25, 2003
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Nov 25, 2003.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-SC | Lindsey Graham | Original | Nov 25, 2003 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Nov 25, 2003 |
Actions 3
Everything that happened, newest first.
- Nov 25, 2003Introduced in Senate
- Nov 25, 2003Sponsor introductory remarks on measure. (CR S16006-16007)
- Nov 25, 2003Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S16006 | Debbie Stabenow D-MI | Nov 25, 2003 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1922 | American Manufacturing Jobs Act of 2003 | Related bill | Nov 21, 2003 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to comply with the World Trade Organization rulings on the FSC/ETI benefit in a manner that preserves jobs and production activities in the United States, and for other purposes.
- Short Titles as Introduced
- Manufacturing Opportunities to Revitalize our Economy's JOBS Act
- MORE JOBS Act
Subjects
Assigned by the Library of Congress. Policy area: 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 corporations
- Foreign Trade and International Finance
- Income tax
- Intellectual property
- Manufacturing industries
- Minimum tax
- Motion pictures
- Partnerships
- Payroll deductions
- Science, Technology, Communications
- Sound recording and reproducing
- Tax deductions
- Tax exclusion
- Tax exemption
- Tax rates
- Taxation
- Taxation of foreign income
- Trademarks
- Trusts and trustees
Text 1
Each version as it was printed, newest first.
- Nov 25, 2003Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.