Older Worker Employment Incentives Act of 1983

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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Timeline

1. 3 August 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 3 August 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 9 August 1983

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 3 August 1983

  Open at official source

Sponsors

• Sen. Cranston, Alan [D-CA] · D · Sponsor
• · ssfi00 · Standing

Related records

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