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United States · Bill · S

S. 766 (101st)

A bill to amend the Internal Revenue Code of 1986 to make the targeted jobs tax credit permanent and to index the amount of wages to which the credit applies.

referredUnited States· United States Congress· EN

Introduced

12 April 1989

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Amends the Internal Revenue Code to make permanent the targeted jobs income tax credit. (Under current law the credit will expire after December 31, 1989.) Amends the Economic Recovery Tax Act of 1981 to authorize appropriations for fiscal years beyond FY 1989 in connection with the credit. Indexes the amount of post-1989 wages subject to the credit, based on increases in the minimum wage.

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Versions

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Documents

2 official files

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Sources

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