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United States · Bill · HR

H.R. 3752 (97th)

Critical Industry Reindustrialization Tax Act of 1981

referredUnited States· United States Congress· EN

Introduced

2 June 1981

Last action

2 June 1981 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Bailey, Donald A. [D-PA-21], Rep. Boner, William H. [D-TN-5], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Duncan, John J. [R-TN-2], Rep. Edgar, Robert W. [D-PA-7], Rep. Fiedler, Bobbi [R-CA-21], Rep. Hughes, William J. [D-NJ-2], Rep. Kindness, Thomas N. [R-OH-8], Rep. Lowery, Bill [R-CA-41], Rep. McCollum, Bill [R-FL-8], Rep. Murphy, Austin J. [D-PA-20], Rep. Pepper, Claude [D-FL-18], Rep. Rahall, Nick J., II [D-WV-3], Rep. Sawyer, Harold S. [R-MI-5], Rep. Schneider, Claudine [R-RI-2], Rep. Seiberling, John F. [D-OH-14], Rep. Brodhead, William [D-MI-17], Rep. Hall, Tony P. [D-OH-3], Rep. Wolpe, Howard E. [D-MI-3], Rep. DeNardis, Lawrence J. [R-CT-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Gray, William H., III [D-PA-2], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Goodling, William F. [R-PA-19], Rep. Nowak, Henry [D-NY-33], Rep. McKinney, Stewart B. [R-CT-4], Rep. Emerson, Bill [R-MO-8], Rep. Horton, Frank J. [R-NY-29], Rep. McGrath, Raymond J. [R-NY-5]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

Summary

Critical Industry Reindustrialization Tax Act of 1981 - Amends the Internal Revenue Code to extend the targeted jobs income tax credit to the training of skilled labor in labor-shortage business or industry. Defines "labor-shortage business or industry" as any business or industry which either the Secretary of Defense or Labor has certified as having more available skilled jobs than available skilled workers and trainees. Provides for a credit of 50 percent of first year wages and 30 percent of second year wages paid to skilled labor workers. Makes inapplicable to skilled labor workers the restriction that only $6,000 of first and second year wages paid to new employees be taken into account for purposes of the targeted jobs credit. Makes permanent the jobs credit for skilled labor employees.

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Timeline

  1. 2 June 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 2 June 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 June 1981

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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