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United States · Bill · HR

H.R. 11854 (94th)

Jobs Creation Incentive Act

referredUnited States· United States Congress· EN

Introduced

10 February 1976

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Jobs Creation Incentive Act - Amends the Internal Revenue Code to allow a taxpayer to elect to take a deduction with respect to the amortization of a qualifying facility, which is located in a high unemployment area, based on a period to one-half of the useful life of the facility. Authorizes a taxpayer to elect to take a deduction with respect to the amortization of qualifying equipment placed in a qualifying facility based on a period of 60 months. Defines the term "high unemployment area" to include an area with an average unemployment rate of seven percent or more of the labor force as determined by the Secretary of Labor.

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Documents

1 official file

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Sources

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