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HR 2492 105th Congress House

Career Transition Assistance Act of 1997

Official title: To amend the Internal Revenue Code of 1986 to exclude certain severance payments from gross income and to allow a refundable credit for job training expenses o… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to exclude certain severance payments from gross income and to allow a refundable credit for job training expenses of older long-time employees who are laid off.

Introduced: September 17, 1997 Introduced by: Smith, Christopher H. Republican · New Jersey See on congress.gov
Taxation Adult educationCollege costsCostsDislocated workers
More subjectsShow fewer subjects
Dismissal wageEducationHigher educationIncome taxLabor and EmploymentLayoffsOccupational retrainingOlder workersPersonal income taxSocial WelfareTax creditsTax exclusionTax refundsVocational and technical education
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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
Sep 17, 1997
Referred to the House Committee on Ways and Means.
Sep 17, 1997
Sponsor introductory remarks on measure. (CR E1772-1773)
Sep 17, 1997
Introduced in House
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 Latest action September 17, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Career Transition Assistance Act of 1997 - Amends the Internal Revenue Code to: (1) exclude from gross income a limited amount of qualified severance pay; and (2) permit a limited credit for qualified job training expenses for certain individuals over the age of 50 who have been laid off.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Lofgren, Zoe
California · Nov 12, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2492: Career Transition Assistance Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-2492/
MLA
"H.R. 2492: Career Transition Assistance Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-2492/.
Bluebook (legal)
H.R. 2492, 105th Cong. (2026), https://openamerica.io/bill/105-HR-2492/.
Markdown link
[H.R. 2492: Career Transition Assistance Act of 1997](https://openamerica.io/bill/105-HR-2492/)
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