Investor and Investment Changes in the American Jobs Creation Act of 2004

摘要

This article describes certain of the tax cuts and tax increases affecting investment management funds and fund managers contained in the American Jobs Creation Act of 2004 (the "Act").1 The bill was signed into law by the President on October 22, 2004. Certain of these provisions effectively eliminate or restrict transactions and arrangements entered into by investment managers, and other provisions impose increased costs and complexity on doing business. There are some limited tax benefits contained in the Act. Fund managers should become familiar with these provisions and understand the impa