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HR 2994 104th Congress House Taxation Agricultural labor Agriculture and Food Aid to dependent children Alien labor Armed Forces and National Security Biomass energy Charitable contributions Charities Clinical trials Coal Commerce Contracts Corporation taxes Crime and Law Enforcement Depressed areas Drug industry Economics and Public Finance Education Educational policy

To amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.

Introduced: February 29, 1996 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 29, 1996
Referred to the House Committee on Ways and Means.
Feb 29, 1996
Sponsor introductory remarks on measure. (CR E263-264)
Feb 29, 1996
Introduced in House
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 Plain-English summary Congressional Research Service

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 any wages paid after: (1) December 31, 1994, and before the 60th day after enactment; or (2) December 31, 1997. Redesignates such credit the "work opportunity credit."

Extends to December 31, 1997, the: (1) exclusion from gross income of employer-provided educational assistance; (2) credit for increasing research activities; (3) orphan drug tax credit; (4) special rule concerning deductions for contributions of stock for which market quotations are readily available; and (5) exclusion from gross income of employer contributions to qualified group legal services plans.

Extends the binding contract date for biomass and coal facilities to July 1, 1997.

Extends permanently the Federal Unemployment Tax Act exemption for alien agricultural workers.

What's happening now February 29, 1996

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1
D
DeLauro, Rosa L.
Connecticut · Apr 25, 1996
 R
Smith, Christopher H.
New Jersey · Mar 22, 1996
 D
Neal, Richard E.
Massachusetts · Mar 12, 1996
 D
Lofgren, Zoe
California · Mar 5, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2994: To amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.. 104th Congress. Open America. https://openamerica.io/bill/104-HR-2994/
MLA
"H.R. 2994: To amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-2994/.
Bluebook (legal)
H.R. 2994, 104th Cong. (2026), https://openamerica.io/bill/104-HR-2994/.
Markdown link
[H.R. 2994: To amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.](https://openamerica.io/bill/104-HR-2994/)
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