Obama's budget proposal included limits on the industry's ability to claim domestic manufacturing deductions for drilling.
What does DMD stand for?
DMD stands for Domestic Manufacturing Deduction (US Taxes)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of DMD
We have 163 other meanings of DMD in our Acronym Attic
- Discover Mongolia & Development (travel agency)
- Discrete Molecular Dynamics (chemical physics)
- Disease Modifying Drug
- Dispersion Management Devices (Lasercomm)
- Distance Measuring Device
- Division of Medical Device (National Institute of Health Sciences; Japan)
- Doctor of Dental Medicine
- Doctor of Medical Dentistry
- Doctorants en Mathématiques à Dijon (French: Doctoral Students in Mathematics in Dijon; Dijon, France)
- Domain Management Device
Samples in periodicals archive:
Some 15 percent expect that only the domestic manufacturing deduction and accelerated depreciation would provide the offset.
which called for a repeal of 1099 but was paid for with a number of tax provisions, among them a repeal of the Section 199 domestic manufacturing deduction for oil and gas production and changes to the foreign tax credit rules applicable to dual capacity taxpayers and the rules relating to foreign oil and gas income.
The five big companies targeted by the bill--Chevron, BE ExxonMobil, Shell and ConocoPhillips--produce and refine oil and sell gasoline in the United States, and therefore under the bill would lose the domestic manufacturing deduction they received as part of a corporate tax law in 2004.
Sessions are scheduled on the lessons learned from the new domestic manufacturing deduction, trends in FIN 48 disclosures, repatriations from Canadian corporations, OECD developments, FIN 48 issues relating to state and local taxes, and negotiation techniques," he said, adding that the complete program will be posted on TEI's website in August.
The domestic manufacturing deduction (DMD) is limited to 50% of W-2 wages.
199, enacted to replace the phase out of the extraterritorial income regime (ETI), and the centerpiece of the American Jobs Creation Act of 2004, permits taxpayers to claim a domestic manufacturing deduction (DMD) from taxable income attributable to certain domestic production activities.
The Internal Revenue Service (IRS) in October issued proposed regulations on the new domestic manufacturing deduction under tax code Section 199.