American Jobs Act of 1996

Summary

American Jobs Act of 1996 - Amends the Internal Revenue Code to include imported property income of a controlled foreign corporation within the sums added together to compute foreign base company income. Defines imported income property to include, among other things, income from manufacturing, growing, selling, renting, or leasing imported property, but exempts any foreign oil and gas income or any foreign oil-related income. Provides for a separate application of limitations on the foreign tax credit for imported property income. Allows an employer a credit against tax, during the two-year period beginning with the day an employee starts work, equal to 20 percent of the qualified social security taxes paid or incurred by the employer for such new employee. Directs the Secretary of the Treasury to report to the Committee on Ways and Means and the Committee on Finance recommendations on the elimination of, or changes in, business tax preferences.

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Timeline

1. 7 March 1996

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 7 March 1996

   Introduced

   Sponsor introductory remarks on measure. (CR S1650-1652)

   Source: IntroReferral

3. 7 March 1996

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 15 March 1996

   Introduced

   Sponsor introductory remarks on measure. (CR S2178-2179)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 7 March 1996 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 March 1996

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 March 1996

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 7 March 1996

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Dorgan, Byron L. [D-ND] · D · Sponsor
• Sen. Reid, Harry [D-NV] · D · Cosponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• Sen. Exon, J. James [D-NE] · D · Cosponsor
• Sen. Byrd, Robert C. [D-WV] · D · Cosponsor
• Sen. Pryor, David H. [D-AR] · D · Cosponsor
• Sen. Campbell, Ben Nighthorse [R-CO] · R · Cosponsor
• Sen. Harkin, Tom [D-IA] · D · Cosponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → American Jobs Act of 1996