JCWAAJob Creation and Worker Assistance Act
References in periodicals archive ?
Under JCWAA changes, taxpayers could elect to carry back the NOL to either the second (using the "old" law) or the fifth prior year (for NOLs incurred in either 2001 or 2002).
The statutory directive included in the JCWAA is addressed in Notice 2003-12; pending issuance of Sec.
The JCWAA imposed additional limits on the types of taxpayers eligible to use the NAE method.
The JCWAA added "bonus depreciation" rules for assets purchased between Sept.
First, JCWAA provides tax breaks for the parts of New York City damaged in the terrorist attacks on September 11, 2001.
As discussed below, the loss attribute is more important after the JCWAA changes to first-year depreciation and NOL carrybacks.