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H.R. 3900, The Restore U.S. Manufacturing Act of 2007
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on November 29, 2007, 18:34:40 (webmaster):
H.R. 3900 would amend the Internal Revenue Code of 1986 to exempt from tax income from domestic manufacturing activities.
== Detailed Summary ==
<summary>
(Log in to editRestore U.S. Manufacturing Act of 2007 - Amends the wiki and be the firstInternal Revenue Code to provideallow a detailed summary100% tax deduction for qualified manufacturing activities income. Defines "qualified manufacturing activities income" as the excess of domestic manufacturing gross receipts over the bill!)cost of goods sold, and other expenses, losses, or deductions, properly allocable to such receipts.
</summary>
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== Status of the Legislation ==
<status>
(Log inLatest Major Action: 10/18/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>
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== Points in Favor ==
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== Points Against ==
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