The Job Creation and Worker Assistance Act of 2002 (Pub.L. 107-147, 116 Stat. 21), increased carryback of net operating losses to 5 years (through September 2003), extended the exception under Subpart F for active financing income (through 2006), and created 30 percent expensing for certain capital asset purchases (through September 2004).
The act was signed into law by President George W. Bush on March 9, 2002.
Famous quotes containing the words job, creation, worker, assistance and/or act:
“If one ventures a word with you, will you be offended? But who can keep from speaking?”
—Bible: Hebrew, Job 4:2.
Eliphaz, one of Job’s “comforters,” to Job.
“A fact is the end or last issue of spirit. The visible creation is the terminus or the circumference of the invisible world.”
—Ralph Waldo Emerson (1803–1882)
“... a worker was seldom so much annoyed by what he got as by what he got in relation to his fellow workers.”
—Mary Barnett Gilson (1877–?)
“At a certain age, we have already been struck by love; it no longer develops alone, according to its own mysteries and fateful laws while our hearts stand by startled and passive. We come to its assistance ... Recognizing one of its symptoms, we recall, we bring back to life the others. Since we possess its song engraved in its totality within us, we do not need for a woman to tell us the beginning—filled with admiration inspired by beauty—to find the continuation.”
—Marcel Proust (1871–1922)
“Without being forgiven, released from the consequences of what we have done, our capacity to act would ... be confined to one single deed from which we could never recover; we would remain the victims of its consequences forever, not unlike the sorcerer’s apprentice who lacked the magic formula to break the spell.”
—Hannah Arendt (1906–1975)