A bill to amend the Internal Revenue Code of 1986 to provide a credit against tax for employers who pay the costs of employee assistance programs.

Summary

Amends the Internal Revenue Code to permit, as a component of the general business credit, a ten percent income tax credit for expenditures, to a maximum of $30 per employee, in connection with employee assistance programs designed to assist in identifying and resolving personal problems that could adversely affect job performance, including drug and alcohol abuse, marital problems, physical and mental health, and legal and financial concerns. Describes required features of eligible programs.

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Timeline

1. 29 June 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 29 June 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 June 1988

  Open at official source

Sponsors

• Sen. Danforth, John C. [R-MO] · R · Sponsor
• · ssfi00 · Standing

Related records

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