Corporate Welfare Reduction and Job Preservation Act of 1996

Summary

Corporate Welfare Reduction and Job Preservation Act of 1996 - Amends the Internal Revenue Code to provide that if any profitable large corporation reduces by 15 percent or more the number of employees who perform any task or function at any facility in the United States, the amount of each facility-related tax benefit shall be reduced by 50 percent. Amends the Foreign Assistance Act of 1961 and the Export-Import Bank Act of 1945 to require, if a facility-related tax benefit of an entity is reduced, the acceleration of the repayment of any loan and the termination of any insurance policy provided by certain Government entities.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 April 1996

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• Introduced in House (PDF)

  Introduced in House · EN · 25 April 1996

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• Introduced in House

  summary · EN · 25 April 1996

  Open at official source

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