S 3091
97th Congress
Senate
Taxation
Business and commerce
Charitable contributions
Corporation taxes
Corporations and Stocks
Education
Employer incentives
Employment and training programs
Income tax
Labor and Employment
Manpower training programs
Public Welfare and Charities
Tax credits
Tax deductions
Vocational and technical education
A bill to amend the Internal Revenue Code of 1954 to encourage contributions of equipment to postsecondary vocational education programs and to allow a credit to employers for vocational education courses taught by an employee without compensation and for temporary employment of full-time vocational educational instructors.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 1982
Committee on Finance requested executive comment from OMB; Treasury Department.
Dec 9, 1982
Read twice and referred to the Committee on Finance.
Dec 9, 1982
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to limit the reduction required in computing the tax deduction for corporate charitable contributions, in the case of contributions of property used in postsecondary vocational education programs.
Allows employers a nonrefundable tax credit for a specified dollar amount per course for vocational education courses taught by an employee without compensation and for employment of full-time vocational education instructors.
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department.
Committees of jurisdiction
1