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United States · Bill · HR

H.R. 3434 (98th)

Work Opportunities and Renewed Competition Act of 1983

referredUnited States· United States Congress· EN

Introduced

28 June 1983

Last action

28 June 1983 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Jones, James R. [D-OK-1], Rep. Conable, Barber B., Jr. [R-NY-30], Rep. Murtha, John P. [D-PA-12], Rep. Ritter, Don [R-PA-15], Rep. Hall, Katie [D-IN-1], Rep. Nowak, Henry [D-NY-33], Rep. Dingell, John D. [D-MI-12], Rep. Boehlert, Sherwood [R-NY-24], Rep. Traxler, Bob [D-MI-8], Rep. McEwen, Bob [R-OH-6], Rep. Gaydos, Joseph M. [D-PA-20], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Frost, Martin [D-TX-24], Rep. Kolter, Joseph P. [D-PA-4], Rep. Mollohan, Alan B. [D-WV-1], Rep. Rahall, Nick J., II [D-WV-3], Rep. Wilson, Charles [D-TX-2], Rep. Murphy, Austin J. [D-PA-20], Rep. Horton, Frank J. [R-NY-29], Rep. Johnson, Nancy L. [R-CT-5], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. English, Glenn [D-OK-6], Rep. Feighan, Edward F. [D-OH-19], Rep. Ferraro, Geraldine A. [D-NY-9], Rep. Gekas, George W. [R-PA-17], Rep. Applegate, Douglas [D-OH-18], Rep. Yatron, Gus [D-PA-6], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Richardson, Bill [D-NM-3], Rep. Clinger, William F., Jr. [R-PA-5], Del. Won Pat, Antonio B. [D-GU-At Large], Rep. Broomfield, William S. [R-MI-18], Rep. Albosta, Donald J. [D-MI-10], Rep. Vander Jagt, Guy [R-MI-9], Rep. Hyde, Henry J. [R-IL-6], Rep. O'Brien, George M. [R-IL-4], Rep. Holt, Marjorie S. [R-MD-4], Rep. Hillis, Elwood H. [R-IN-5], Rep. Walgren, Doug [D-PA-18], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Wise, Robert E., Jr. [D-WV-2], Rep. Badham, Robert E. [R-CA-40], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Hammerschmidt, John P. [R-AR-3], Rep. Whittaker, Bob [R-KS-5], Rep. Williams, Lyle [R-OH-17], Rep. Edgar, Robert W. [D-PA-7], Rep. Schulze, Richard T. [R-PA-5]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

Summary

Work Opportunities and Renewed Competition Act of 1983 - Amends the Internal Revenue Code to allow a taxpayer to elect to treat an excess investment tax credit as a reinvestment tax credit. Requires a taxpayer to forfeit any investment tax credit carryover if the taxpayer elects to take a reinvestment tax credit. Sets the amount of such reinvestment tax credit at 85 percent of the taxpayer's qualified investment in reinvestment credit property. Terminates such credit after 1984. Makes such reinvestment tax credit refundable. Requires the recapture of the reinvestment tax credit under specified circumstances. Sets forth rules relating to such recapture.

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

Timeline

  1. 28 June 1983

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 28 June 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 28 June 1983

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Sponsors

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Related records

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Sources

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