A bill to amend the Internal Revenue Code of 1954 to provide a tax credit based upon the creation of new jobs and increased employment in private industry.

referredUnited States· United States Congress· EN

Introduced

3 February 1977

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to provide employers a partial, nonrefundable income tax credit for expenses incurred in employing individuals, and hiring new employees, between enactment and 1980, or 1979 if the unemployment rate for the fourth quarter of 1977 is lower than six percent.

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Documents

1 official file

Introduced in Senate
summary · EN · 3 February 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/616
Open data entity: https://api.congress.gov/v3/bill/95/s/616