A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to employers who hire unemployed youths.

Summary

Amends the Internal Revenue Code to: (1) remove the limitation on the amount of the income tax credit allowed employers who hire unemployed individuals; (2) make the credit refundable; (3) limit the types of tax against which the credit may be applied; and (4) restrict its application to the hiring of individuals between the ages of 16 and 19.

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Timeline

1. 26 January 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 26 January 1978

   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 · 26 January 1978

  Open at official source

Sponsors

• Sen. Javits, Jacob K. [R-NY] · R · Sponsor
• Sen. Talmadge, Herman E. [D-GA] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to employers who hire unemployed youths.