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- H.R.3648
H.R.3648: Jobs Friendly America Act
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about taxation
- Introduced Nov. 22, 1993
- Latest Major Action Nov. 22, 1993
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Republican)
Bill Summary
Jobs Friendly America Act - Amends the Internal Revenue Code to allow accelerated depreciation for equipment used by any corporation having a majority of its manufacturing equipment in the United States. Reduces corporate and individual capital gains rates. Repeals the deferral on earnings of controlled foreign corporations invested in excess passive assets.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Nov. 22, 1993 |
Introduced in the House by Duncan L. Hunter (R-Calif.) |