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
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
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1