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S 720 101th Congress Senate Taxation Authorization Corporation taxes Employment tax credits Income tax Poor Youth employment

A bill to amend the Internal Revenue Code of 1986 to extend and modify the targeted jobs credit, and for other purposes.

Introduced: April 6, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 1989
Read twice and referred to the Committee on Finance.
Apr 6, 1989
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to extend the targeted jobs income tax credit through 1992. (Under current law the credit will expire after December 31, 1989.)

Amends the Economic Recovery Tax Act of 1981 to authorize appropriations through FY 1992 in connection with the targeted jobs credit.

Raises from 23 years to 25 years the age limitation with respect to economically disadvantaged youth targeted for credit purposes.

What's happening now April 6, 1989

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 2, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). S. 720: A bill to amend the Internal Revenue Code of 1986 to extend and modify the targeted jobs credit, and for other purposes.. 101st Congress. Open America. https://openamerica.io/bill/101-S-720/
MLA
"S. 720: A bill to amend the Internal Revenue Code of 1986 to extend and modify the targeted jobs credit, and for other purposes.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-S-720/.
Bluebook (legal)
S. 720, 101st Cong. (2026), https://openamerica.io/bill/101-S-720/.
Markdown link
[S. 720: A bill to amend the Internal Revenue Code of 1986 to extend and modify the targeted jobs credit, and for other purposes.](https://openamerica.io/bill/101-S-720/)
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