American Jobs Creation Act Of 2004

AAA

DEFINITION of 'American Jobs Creation Act Of 2004'

Legislation that became effective in October of 2004, which is designed to benefit domestic manufacturers, multinational corporations and other entities, as well as agriculture and the energy sector. The American Jobs Creation Act of 2004 has over 270 provisions that provide tax cuts in many areas but are also designed to raise substantial revenue over time.

INVESTOPEDIA EXPLAINS 'American Jobs Creation Act Of 2004'

The main provisions of the American Jobs Creation Act of 2004 are as follows:

  • Introduce a new tax deduction for manufacturers
  • Prolong advantaged Section 179 expensing for small businesses
  • Accelerate depreciation for restaurant improvements
  • Substantially revise rules for S corporations
  • Simplify international taxation
  • Provide tax relief for farmers
  • Increase tax shelter penalties
  • Create more stringent rules for charitable donations of vehicles
RELATED TERMS
  1. Peter Principle

    An observation that in an organizational hierarchy, every employee ...
  2. Formal Tax Legislation

    The process by which a proposed tax rule or tax change may become ...
  3. Tax Shelter

    A legal method of minimizing or decreasing an investor's taxable ...
  4. Subchapter S (S Corporation)

    A form of corporation that meets the IRS requirements to be taxed ...
  5. Economic Growth And Tax Relief ...

    A U.S. tax law, effective for tax years beginning 2002, that ...
  6. Tax Reform Act Of 1986

    A law passed by the United States Congress to simplify the income ...
RELATED FAQS
  1. I am a non-U.S. citizen living outside the U.S. and trading stocks through a U.S. ...

    The tax implications for a foreign investor will depend on whether that person is classified as a resident alien or a non-resident ... Read Full Answer >>
Related Articles
  1. Taxes

    Changes In Tax Legislation And Regulation

    Keeping on top of these amendments can help you avoid penalties and take advantage of benefits.
  2. Investing

    Zooming In On Net Operating Income

    NOI is a long-run profitability measure that smart investors can count on.
  3. Economics

    What Is Fiscal Policy?

    Learn how governments adjust taxes and spending to moderate the economy.
  4. Retirement

    Tax Tips For The Individual Investor

    We give you seven guidelines to help you keep more of your money in your pocket.
  5. Taxes

    Tablets To 1040s: How Taxes Began

    Ever dream of a world without tax? It existed - 3,000 years ago.
  6. Taxes

    Is It Smart To Get Dual Citizenship?

    Does it ever make sense to be a citizen of the U.S. and somewhere else? Yes, so you can work minus a visa – not so much, if you get drafted into the army.
  7. Retirement

    Expat In America: Visas To Retire In the U.S.

    It isn't easy for non-citizens to retire in the United States unless a family member is already a citizen. But some visas will allow for longer visits
  8. Mutual Funds & ETFs

    The Impact of the Janus Market Timing Ruling

    A look at the impact of the Janus Supreme Court ruling on market timing.
  9. Options & Futures

    Get To Know These Crucial US Options Market Regulations

    How are options regulated in the U.S and which organizations are involved in options market regulations?
  10. Economics

    The Impact Of Ending The US Embargo On Cuba

    Many argue that ending the US embargo on Cuba will not only make US consumers happy, but also help the US economy and bring more freedoms to Cuba.

You May Also Like

Hot Definitions
  1. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  2. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  3. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  4. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  5. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  6. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
Trading Center