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United States · Bill · HR

H.R. 1769 (108th)

Job Protection Act of 2003

openUnited States· United States Congress· EN

Introduced

11 April 2003

Last action

12 April 2003 · Introduced

Status

Sponsor introductory remarks on measure. (CR E773-774)

Sponsors

Rep. Crane, Philip M. [R-IL-12], Rep. Rangel, Charles B. [D-NY-19], Rep. Manzullo, Donald A. [R-IL-16], SANDER LEVIN, Rep. Collins, Mac [R-GA-8], Rep. McDermott, Jim [D-WA-7], Rep. LaHood, Ray [R-IL-18], Richard Neal, JOHN SHIMKUS, Rep. Matsui, Robert T. [D-CA-3], Sen. DeMint, Jim [R-SC], Rep. Stark, Fortney Pete [D-CA-9], Rep. Simmons, Rob [R-CT-2], Rep. Baker, Richard H. [R-LA-6], Rep. Feeney, Tom [R-FL-24], Rep. Pomeroy, Earl [D-ND-At Large], Rep. Inslee, Jay [D-WA-1], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Bell, Chris [D-TX-25], Rep. Nethercutt, George R., Jr. [R-WA-5], Rep. Hart, Melissa A. [R-PA-4], Rep. Hastings, Doc [R-WA-4], Rep. Dicks, Norman D. [D-WA-6], Rep. McNulty, Michael R. [D-NY-23], Rep. Tauscher, Ellen O. [D-CA-10], Rep. Hooley, Darlene [D-OR-5], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Jefferson, William J. [D-LA-2], Rep. Frost, Martin [D-TX-24], WALTER JONES, Trent Franks, Rep. Meek, Kendrick B. [D-FL-17], Rep. Spratt, John M., Jr. [D-SC-5], Rep. Baird, Brian [D-WA-3], TIM RYAN, Robert Aderholt, Rep. Michaud, Michael H. [D-ME-2], Rep. LaTourette, Steven C. [R-OH-14], Rep. Beauprez, Bob [R-CO-7], Rep. Johnson, Timothy V. [R-IL-15], Rep. Otter, C. L. (Butch) [R-ID-1], Rep. Baca, Joe [D-CA-43], Sen. Toomey, Patrick [R-PA], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Biggert, Judy [R-IL-13], Rep. Goode, Virgil H., Jr. [R-VA-5], Steve King, Rep. Wilson, Joe [R-SC-2]

Subjects

Taxation

Source updated

18 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Job Protection Act of 2003 - Amends the Internal Revenue Code to repeal the foreign sales corporation/extraterritorial income (FSC/ETI) exclusion, with an exemption for certain binding contracts in effect before the date of enactment of this Act. Permits a foreign corporation that elected to be treated as a domestic corporation to revoke such election and be treated as a domestic corporation transferring its property to a foreign corporation with no gain recognized on such transfer. Provides: (1) a transitional 2004 through 2008 sliding-scale deduction for an FSC/ETI beneficiary based on the corporation's 2001 FSC/ETI benefit; and (2) special rules for 2003 and for fiscal year taxpayers. Defines "FSC/ETI benefit." Allows a deduction for income attributable to U.S. production activities equal to ten percent of qualified production activities. Provides a 2006 through 2009 phase-in period. Defines "qualified production activities" as: (1) the portion of the modified taxable income attributable to domestic activities; and (2) the domestic/foreign fraction. Sets forth related provisions with respect to: (1) determination of income attributable to domestic production activities; (2) domestic production gross receipts; (3) qualifying production property; (4) domestic/foreign fraction; and (5) special rules.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 11 April 2003

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 11 April 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 April 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 April 2003

    Introduced

    Sponsor introductory remarks on measure. (CR E773-774)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Showing 48 of 179 sponsors and actors.

Related records

Sources

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