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- S.272
S.272: A bill to amend the Internal Revenue Code of 1986 to allow defense contractors a credit against income tax for 20 percent of the defense conversion employee retraining expenses paid or incurred by the contractors.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Feb. 5, 1997
- Latest Major Action Feb. 5, 1997
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to allow a general business tax credit, in the case of defense contractors, for defense conversion employee retraining expenses.
(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. 5, 1997 |
Introduced in the Senate by Olympia J. Snowe (R-Maine) |