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United States · Bill · HR

H.R. 6801 (97th)

A bill to amend the Internal Revenue Code of 1954 with respect to the targeted jobs credit.

openUnited States· United States Congress· EN

Introduced

20 July 1982

Last action

Status

See H.R.4961.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to increase from $6,000 to $10,000 the amount of wages taken into account for purposes of the targeted jobs tax credit. Repeals the termination date for such credit. Reduces the age limit for the targeted group of economically disadvantaged youth from 18 to 16. Limits such age reduction to only those youths engaged in summer employment. Limits the targeted group of involuntarily terminated CETA employees to those terminated within three years of the hiring date.

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Documents

1 official file

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