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S 1568 104th Congress Senate

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

Introduced: February 9, 1996 See on congress.gov
Taxation Agriculture and FoodAid to dependent childrenArmed Forces and National SecurityBiomass energy
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Charitable contributionsCharitiesClinical trialsCoalCommerceContractsCorporation taxesCrime and Law EnforcementDepressed areasDrug industryEconomics and Public FinanceEducationEducational policyEmployee benefit plansEmployment tax credits
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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 9, 1996
Read twice and referred to the Committee on Finance.
Feb 9, 1996
Sponsor introductory remarks on measure. (CR S1182, S1184-1185)
Feb 9, 1996
Introduced in Senate
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 Latest action February 9, 1996

Read twice and referred to the Committee on Finance.

 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 (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) 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.

Amends the Revenue Act of 1987 to extend from December 31, 1997, to December 31, 1999, the effective date (for existing partnerships) of provisions relating to the treating of certain publicly traded partnerships as corporations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Feb 29, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1568: A bill 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-S-1568/
MLA
"S. 1568: A bill 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-S-1568/.
Bluebook (legal)
S. 1568, 104th Cong. (2026), https://openamerica.io/bill/104-S-1568/.
Markdown link
[S. 1568: A bill to amend the Internal Revenue Code of 1986 to provide for the extension of certain expiring provisions.](https://openamerica.io/bill/104-S-1568/)
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