NAFTA-Impacted Communities Relief Act

Summary

NAFTA-Impacted Communities Relief Act - Amends the Internal Revenue Code to: (1) provide for the designation of communities as impacted by the North American Free Trade Agreement (NAFTA) based upon job loss and unemployment resulting from NAFTA; (2) allow employers in such NAFTA-impacted communities a business tax credit for up to 8.5 percent of wages paid to employees; (3) increase depreciation expensing levels for business assets located in NAFTA-impacted communities; and (4) direct the Secretary of Labor to provide grants to States containing NAFTA-impacted communities for education and job training assistance.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 February 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 8 February 2005

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• Introduced in House

  summary · EN · 8 February 2005

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