Urban Redevelopment Tax Act

Summary

Urban Redevelopment Tax Act - Amends the Internal Revenue Code to allow an additional five percent investment tax credit for new, depreciable business property placed in high unemployment urban areas during 1978-82. Allows employers an income tax credit during 1978-82 for a portion of the wages paid to certain new employees between the ages of 17 and 25 for services in an urban redevelopment area.

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Timeline

1. 14 February 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 14 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 14 February 1978

  Open at official source

Sponsors

• Rep. Rangel, Charles B. [D-NY-19] · D · Sponsor
• · hswm00 · Standing

Related records

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