Job Creation and Worker Assistance Act of 2002
United States Congress · 2002
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Description
An economic stimulus follows the 2001 downturn in the Job Creation and Worker Assistance Act of 2002, Public Law 107-147, signed March 9, 2002. The act's stated purpose is to provide tax incentives for economic recovery, and its amendments run to the Internal Revenue Code of 1986.
Title I, Business Provisions, grants a special depreciation allowance for certain property acquired after September 10, 2001, and before September 11, 2004. It allows carryback of certain net operating losses for five years. And it suspends, for a time, the 90 percent alternative minimum tax limit. Title II builds unemployment assistance on federal-state agreements. It sets up a temporary extended unemployment compensation account and payments to states that sign agreements. It adds financing provisions and fraud and overpayment rules, along with a special Reed Act transfer in fiscal year 2002.
Catalog record
| CREATOR | United States Congress |
|---|---|
| YEAR | 2002 |
| COLLECTION | DECLASSIFIED |
| FORMAT | TXT |
| FILE SIZE | 120236 |
| LICENSE | Public Domain |
| RIGHTS | PUBLIC DOMAIN |
| SOURCE | Government Publishing Office (govinfo.gov) |