HR 4520 is out of conference, headed to vote.

[TCWalker]

OK, we've got Oct 6th amendments and a new Conference Report for HR 4520 published on Oct. 7th. A few surprises, like a performance based deferred comp 6 month grace period on the deferral election...., but generally, includes most the restrictive provisions of 4520 & 1637. Effective for taxable years after 12/31/04, but deferrals are subject to a retroactive application if there is are certain material modifications after Oct 3, 2004.

See: http://waysandmeans.house.gov/Links.asp?section=1559

To quote the site again: The next step is for both the House and Senate to hold an up or down vote on the Conference Report, H.R. 4520, the American Jobs Creation Act of 2004. Once approved by both chambers, President Bush can sign the measure into law.

[Mark Whitelaw]

Passed the House 280-141. On to the Senate.

[Mark Whitelaw]

Passed the Senate 69 - 17. On to the president.