Congregate Housing Services Act

Summary

Amends the Internal Revenue Code to allow employers a refundable income tax credit for 50 percent of the wages paid new employees during the taxable years for work done in the United States. Limits the credit taken to $80,000. Limits the number of employees for whom credit may be taken to ten new employees, or the maximum number of employees paid by the taxpayer during the calendar quarter ending the previous June 30th, whichever number is less. Directs the Secretary to submit reports to Congress, in 1978 and 1980 assessing the impact of this credit.

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Timeline

1. 31 January 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 31 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 31 January 1977

  Open at official source

Sponsors

• Rep. Derrick, Butler C. [D-SC-3] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to allow a refundable tax credit equal to 50 percent of the wages paid to certain new employees.
• related to ← A bill to amend the Internal Revenue Code of 1954, to allow a refundable tax credit equal to 50 percent of the wages paid to certain new employees.
• related to ← A bill to amend the Internal Revenue Code of 1954 to allow a refundable tax credit equal to 50 percent of the wages paid to certain new employees.
• related to ← A bill to amend the Internal Revenue Code of 1954 to allow a refundable tax credit equal to 50 percent of the wages paid to certain new employees.