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United States · Bill · HR

H.R. 3060 (95th)

Jobs Creation Act

referredUnited States· United States Congress· EN

Introduced

2 February 1977

Last action

2 February 1977 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Kemp, Jack [R-NY-31], Rep. Burke, J. Herbert [R-FL-12], Rep. Carter, Tim Lee [R-KY-5], Rep. Clausen, Don H. [R-CA-2], Rep. Cleveland, James C. [R-NH-2], Rep. Daniel, Robert W., Jr. [R-VA-4], Rep. Duncan, John J. [R-TN-2], Rep. Edwards, Jack [R-AL-1], Rep. Findley, Paul [R-IL-20], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Frenzel, Bill [R-MN-3], Rep. Frey, Lou, Jr. [R-FL-9], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Johnson, James P. (Jim) [R-CO-4], Rep. Marriott, David Daniel [R-UT-2], Rep. Mathis, Dawson [D-GA-2], Rep. McEwen, Robert C. [R-NY-30], Rep. McCloskey, Paul N., Jr. [R-CA-12], Rep. Railsback, Thomas F. [R-IL-19], Rep. Robinson, J. Kenneth [R-VA-7], Rep. Schulze, Richard T. [R-PA-5], Rep. Shuster, Bud [R-PA-9], Rep. Stockman, David A. [R-MI-4], Rep. Taylor, G. [R-MO-7], Rep. Vander Jagt, Guy [R-MI-9]

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Jobs Creation Act - Amends the Internal Revenue Code to reduce the individual income tax rates. Allows a credit against the income tax up to $1,000, for ten percent of the increase in the total savings deposits and investments since the end of the previous year. Allows a limited income tax deduction by certain domestic corporations for dividends paid. Limits corporate deductions for dividends received from foreign corporations. Repeals corporate deductions for other dividends received. Allows the taxpayer to take a deduction for specified percentages of the acquisition costs of certain types of property, with a corresponding reduction in basis, in lieu of a depreciation deduction. Doubles the corporate surtax exemption to $100,000.

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

Timeline

  1. 2 February 1977

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 2 February 1977

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 February 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

Leesvertaling

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Sponsors

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Sources

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