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- S.1568
S.1568: A bill to amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Feb. 9, 1996
- Latest Major Action Feb. 9, 1996
Bill Sponsor
Bill Cosponsors
9 (5 Democrats, 4 Republicans)
Bill Summary
Amends the Internal Revenue Code to decrease the targeted jobs credit from 40 to 35 percent of the amount of qualified first-year wages. Revises targeted group membership provisions. Excludes from the definition of wages (for computing the credit) any wages paid after: (1) December 31, 1994, and before January 1, 1996; or (2) December 31, 1997. Redesignates such credit the "work opportunity credit." Extends to December 31, 1997, the: (1)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Feb. 9, 1996 |
Introduced in the Senate by Orrin G. Hatch (R-Utah) |