S. 1964 · 108th Congress
Manufacturing Opportunities to Revitalize our Economy's JOBS Act
- Stage
- In committee
- Sponsor
- Debbie Stabenow
- Introduced
- 2003-11-25
- Latest action
- 2003-11-25 · Introduced in Senate
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.