A bill to amend the Internal Revenue Code of 1954 to provide credit against income tax for an employer who employs older persons in his trade or business.

Summary

Allows a tax credit under the Internal Revenue Code in the case of an employer who employs older persons in his trade or business. Limits such credit to the amount equal to the increase in his cost of doing business during such year which results in the employment of older persons. Makes this Act effective with respect to taxable years ending after the date of the enactment of this Act.

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

Timeline

1. 15 January 1975

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 15 January 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 15 January 1975

  Open at official source

Sponsors

• Sen. Inouye, Daniel K. [D-HI] · D · Sponsor
• Sen. Brock, Bill [R-TN] · R · Cosponsor
• Sen. Humphrey, Hubert H. [D-MN] · D · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → National Environmental Policy Institute Act