Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 2994 (104th)

To amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.

referredUnited States· United States Congress· EN

Introduced

29 February 1996

Last action

29 February 1996 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Johnson, Nancy L. [R-CT-5], Rep. Matsui, Robert T. [D-CA-5], Rep. Herger, Wally [R-CA-2], Rep. Levin, Sander M. [D-MI-12], Rep. Dunn, Jennifer [R-WA-8], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Towns, Edolphus [D-NY-10], Rep. Camp, Dave [R-MI-4], Rep. Leach, James A. [R-IA-2], Rep. Fattah, Chaka [D-PA-2], Rep. Lofgren, Zoe [D-CA-18], Rep. Farr, Sam [D-CA-20], Sen. Hutchinson, Tim [R-AR], Rep. Rangel, Charles B. [D-NY-15], Rep. Payne, Lewis F., Jr. [D-VA-5], Rep. Greenwood, James C. [R-PA-8], Rep. Clayton, Eva M. [D-NC-1], Rep. Schiff, Steven [R-NM-1], Rep. Molinari, Susan [R-NY-13], Rep. Lowey, Nita M. [D-NY-17], Rep. Houghton, Amo [R-NY-31], Rep. Walsh, James T. [R-NY-25], Rep. Klink, Ron [D-PA-4], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Neal, Richard E. [D-MA-1], Rep. Doolittle, John T. [R-CA-4], Rep. Lewis, John [D-GA-5], Rep. LaTourette, Steven C. [R-OH-14], Rep. Mascara, Frank [D-PA-20], Rep. Smith, Christopher H. [R-NJ-4], Rep. English, Phil [R-PA-3], Rep. McCollum, Bill [R-FL-8], Rep. Gunderson, Steve [R-WI-3], Rep. Brown, George E., Jr. [D-CA-42], Rep. Oberstar, James L. [D-MN-8], Rep. Frank, Barney [D-MA-4], Rep. Clement, Bob [D-TN-5], Rep. Fazio, Vic [D-CA-3], Rep. Evans, Lane [D-IL-17], Rep. Bereuter, Doug [R-NE-1], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Wynn, Albert Russell [D-MD-4], Rep. Orton, Bill [D-UT-3], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Kildee, Dale E. [D-MI-5], Sen. Brown, Sherrod [D-OH], Rep. Ehlers, Vernon J. [R-MI-3], Rep. Jacobs, Andrew, Jr. [D-IN-10]

Subjects

Taxation

Source updated

2 January 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to decrease the targeted jobs credit from 40 to 35 percent of the amount of qualified first-year wages. Revises targeted group membership provisions. Excludes from the definition of wages any wages paid after: (1) December 31, 1994, and before the 60th day after enactment; or (2) December 31, 1997. Redesignates such credit the "work opportunity credit." Extends to December 31, 1997, the: (1) exclusion from gross income of employer-provided educational assistance; (2) credit for increasing research activities; (3) orphan drug tax credit; (4) special rule concerning deductions for contributions of stock for which market quotations are readily available; and (5) exclusion from gross income of employer contributions to qualified group legal services plans. Extends the binding contract date for biomass and coal facilities to July 1, 1997. Extends permanently the Federal Unemployment Tax Act exemption for alien agricultural workers.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 February 1996

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 29 February 1996

    Introduced

    Sponsor introductory remarks on measure. (CR E263-264)

    Source: IntroReferral

  3. 29 February 1996

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 29 February 1996

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 29 February 1996

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 29 February 1996

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 29 February 1996

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 59 sponsors and actors.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.