American Jobs Creation Act of 2004

American Jobs Creation Act of 2004

Long title	An Act To amend the Internal Revenue Code of 1986 to remove impediments in such Code and make our manufacturing, service, and high-technology businesses and workers more competitive and productive both at home and abroad
Acronyms (colloquial)	AJCA
Enacted by	the 108th United States Congress
Citations
Public law	Pub. L. 108–357 (text) (PDF)
Statutes at Large	118 Stat. 1418–1660
Codification
Acts amended	Internal Revenue Code of 1986
Legislative history
Introduced in the House as H.R. 4520 by Bill Thomas (R-CA) on June 4, 2004 Committee consideration by House Ways and Means Passed the House on June 17, 2004 (251–178) Passed the Senate as the "Jumpstart Our Business Strength (JOBS) Act" on July 15, 2004 (voice vote) Reported by the joint conference committee on October 7, 2004; agreed to by the House on October 7, 2004 (280–141) and by the Senate on October 11, 2004 (69–17, 1 present) Signed into law by President George W. Bush on October 22, 2004

The American Jobs Creation Act of 2004 (Pub. L. 108–357 (text) (PDF)) was a federal tax act that repealed the export tax incentive (ETI), which had been declared illegal by the World Trade Organization several times and sparked retaliatory tariffs by the European Union.^[1] It also contained numerous tax credits for agricultural and business institutions as well as the repeal of excise taxes on both fuel and alcohol and the creation of tax credits for biofuels.

The bill was introduced by Representative Bill Thomas on June 4, 2004, passed the House June 17, the Senate on July 15, and was signed by President George W. Bush on October 22.^[2][3]