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 L. 108–357 (text) (PDF) ) was a federal tax act that repealed the export tax incentive (ETI), which had been declared illegal by the World Trade Organization several times and sparked retaliatory tariffs by the European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 . 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 .
3-896: The Fair and Equitable Tobacco Reform Act is a component of the American Jobs Creation Act , passed in the United States in October 2004. The main component of the Fair and Equitable Tobacco Reform Act is the Tobacco Transition Payment Program (TTPP, otherwise known as the "Tobacco Buyout"), which was formalized by the United States Department of Agriculture in February 2005. The Tobacco Buyout ended all aspects of
6-589: Is a stub . You can help Misplaced Pages by expanding it . American Jobs Creation Act of 2004 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. The Office of Tax Analysis of the United States Department of the Treasury summarized the tax changes as follows: A report by
9-707: The federal tobacco marketing quota and price support loan programs that were established by the Agricultural Adjustment Act in 1938. Beginning in 2005, there were no planting restrictions, no marketing cards, and no price support loans, all traditional components of tobacco agriculture in the United States. Along with the end of these policies, the Tobacco Buyout also entails the TTPP, which provides payments to tobacco quota holders and tobacco producers from 2005 to 2014. This agriculture article
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