3.0.0 1885 2023-01-15T09:03:30Z 2023-01-15T09:03:30Z Senate S S 2003-11-18 108 ssfi00 Finance Committee Senate Standing Referred to 2003-11-18T23:59:31Z 2003-11-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-11-18 Sponsor introductory remarks on measure. (CR S15068-15072) IntroReferral B00100 9 Library of Congress 2003-11-18 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N Commerce Armed Forces and National Security Capital gains tax Community development Computer software Congress Congressional investigations Congressional reporting requirements Corporation taxes Depreciation and amortization Depressed areas Economic development Enterprise zones Environmental Protection Environmental technology Finance and Financial Sector Government Operations and Politics Government paperwork Governmental investigations Income tax Industrial standards Infrastructure Interest Labor and Employment Law Manufacturing industries Military technology Payroll deductions Science, Technology, Communications Small business Tax administration Tax credits Tax deductions Tax deferral Tax exclusion Tax-exempt securities Taxation Technology transfer Terrorism Trusts and trustees Wages Commerce 00 2003-11-18 Introduced in Senate 2003-12-10T16:53:38Z Manufacturing Job Production Act of 2003 - Amends the Internal Revenue Code to increase, in the case of an employee's first taxable year beginning in any applicable calendar year (years 2004 and 2005), the amount of the work opportunity credit determined for the taxable year by the increased manufacturing wages payroll tax rebate amount (as defined).

Increases the from 50 to 75 percent the exclusion for gain from certain small business stock and to 100 percent for a small critical technology company, manufacturing corporation, or specialized investment company. Doubles the amount of allowable aggregate gross assets for a qualified small business eligible for the exclusion.

Permits an eligible small business to pay taxes in four equal installments (or six, in the case of a qualified manufacturer).

Makes permanent the temporary increased ($100,000) expensing amount, the temporary increased ($400,000) phaseout amount, and permanently allows for the expensing of off-the-shelf computer software.

]]> Manufacturing Job Production Act of 2003 Display Title Manufacturing Job Production Act of 2003 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for manufacturing businesses in the United States. Introduced in Senate IS Short Titles as Introduced Manufacturing Job Production Act of 2003 Introduced in Senate 2003-11-18T05:00:00Z 2003-11-18 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.