Wholly domestic manufacturers,
U.S.-based multinational manufacturers,
Foreign corporations manufacturing in the United States,
S-corporations,
Sole Proprietorships,
Partnerships, and Agricultural and horticultural cooperatives.
Multinational Corporations (MNCs)
§ The JOBS bill includes a foreign domestic haircut for MNCs that will be permanentlyphased out beginning in 2010. A MNC will receive a reduction in its deduction amountequal to the ratio of its domestic production to its world wide production:Deduction = 9% ´ Domestic Production Income ´ Domestic Production IncomeWorld wide Production Income
Definition of manufacturing:
§ The definition of manufacturing under the JOBS bill is any tangible personal property,computer software, film, video and sound recordings which is manufactured, produced,grown or extracted in the United States.
Excluded items:
Services and products integral to the delivery of services, Electricity and all other utilities, Water supplied by a pipeline,Certain books, magazines and newspapers.
Senate Finance Committee Democratic Staff
