S. 592 · 110th Congress
GoMe Act
- Stage
- In committee
- Sponsor
- Susan Collins
- Introduced
- 2007-02-14
- Latest action
- 2007-02-14 · Introduced in Senate
Summary
Growing Our Manufacturing Employment Act or the GoMe Act - Amends the Internal Revenue Code to: (1) allow certain employers with domestic production gross receipts in the current and preceding taxable year a manufacturer's jobs tax credit through 2009 for annual increases in wages paid to their employees and to employees eligible for benefits under the Trade Adjustment Act; (2) extend through 2012 the tax credit for increasing research expenses; and (3) set forth rules for the application of the economic substance doctrine.