Job Creation and Economic Security Act of 2002

Summary

Job Creation and Economic Security Act of 2002 - Amends the Internal Revenue Code to: (1) provide for a supplemental rebate; and (2) accelerate the 25 percent individual income tax rate. Provides for a special depreciation allowance for certain property acquired after September 10, 2001, and before September 11, 2004. Temporary Extended Unemployment Compensation Act of 2002 - Provides a program of temporary extended unemployment compensation. Establishes a displaced worker health insurance credit. Amends the Workforce Investment Act of 1998, with respect to national emergency grants, to authorize grants for employment and training assistance and temporary health care coverage assistance to workers affected by major economic dislocations. Establishes a small ethanol producer credit by allowing a tax-exempt farmers' cooperative to allocate such a credit to its patrons on the basis of the quantity or value of business done with or for them for the taxable year. Declares that cooperative marketing includes the value-added processing of the products of cooperative members and other producers through animals by: (1) feeding such products to cattle, hogs, fish, chickens, or other animals; and then (2) selling the animals (or animal products) which were fed such feed products. Authorizes a U.S. district court to issue a declaratory judgment relating to the initial or continuing qualification of a farmers' cooperative as tax-exempt.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 January 2002

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• Introduced in House (PDF)

  Introduced in House · EN · 29 January 2002

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• Introduced in House

  summary · EN · 29 January 2002

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