American Jobs Creation Act of 2004 (HR4520)
President Bush signed HR 4520, American Jobs Creation Act of 2004, on Friday, October 22, 2004.
HR 4520 contains numerous provisions (nearly 200) that include international tax reforms, business tax incentives, agricultural tax relief and incentives, a federal tobacco subsidy buyout and various provisions targeting tax shelters, along with numerous miscellaneous provisions. Here is a summary of the key provisions. Further analysis of the bill will be posted soon.
For more help with these tax law changes and how they affect your personal tax situation, contact a tax professional near you.
Return to Advice & Learning
