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United States · Bill · HR

H.R. 983 (99th)

A bill to amend the Internal Revenue Code of 1954 to revise and extend the targeted jobs credit.

openUnited States· United States Congress· EN

Introduced

6 February 1985

Last action

Status

Subcommittee Hearings Held.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to extend the targeted jobs income tax credit from 1985 to 1990. Increases the amount of wages which may be taken into account for such credit from $6,000 to $10,000 per year. Revises the definition of "members of economically disadvantaged families" to increase from 70 percent to 80 percent of the Bureau of Labor Statistics' lower living standard the amount of income a family may have in order to qualify as a member of a targeted group.

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Documents

1 official file

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