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United States · Bill · S

S. 1753 (98th)

Older Worker Employment Incentives Act of 1983

openUnited States· United States Congress· EN

Introduced

3 August 1983

Last action

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Status

Committee on Finance requested executive comment from OMB, Treasury Department, Health and Human Services Department.

Sponsors

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Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Older Worker Employment Incentives Act of 1983 - Amends the Internal Revenue Code to include low-income older workers (who are members of economically disadvantaged families and are at least 65 years of age) as members of targeted groups for purposes of the tax credit for employment of certain new employees. Reduces the rates of the social security taxes on employees and on employers by one-half in the case of workers 65 years of age or older. Makes similar reductions in the case of older workers in the rates of Railroad Retirement Act taxes on employees, employee representatives, and employers.

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Documents

1 official file

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