Guidance on New Domestic Production Deduction Harl, Neil
dc.contributor.department Iowa State University Digital Repository 2018-02-19T01:55:50.000 2020-06-29T22:54:23Z 2020-06-29T22:54:23Z 2017-11-13 2005-02-25
dc.description.abstract <p>The driving force behind the bill that ultimately became the American Jobs Creation Act of 2004<sup>1 </sup>was pressure from the World Trade Organization to repeal the Extra-Territorial Income Exclusion Act of 2000.<sup>2 </sup>That Act had been branded as “inconsistent with international trade agreements” by WTO in early 2002.<sup>3 </sup>The resultant legislation contained far more than repeal of the 2000 Act, which the legislation accomplished,<sup>4 </sup>and included a successor to the repealed legislation which has virtually nothing to do with international trade.<sup>5 </sup>That provision, a deduction for “domestic production activities,” is available to taxpayers with gross receipts derived from property which was “manufactured, produced, grown, or extracted” in the United States.<sup>6</sup></p>
dc.identifier archive/
dc.identifier.articleid 1766
dc.identifier.contextkey 11034317
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol16/iss4/1
dc.source.bitstream archive/|||Fri Jan 14 17:50:10 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Guidance on New Domestic Production Deduction
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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