HR 983
99th Congress
House
Taxation
Employer incentives
Income tax
Labor and Employment
Tax credits
Tax incentives
A bill to amend the Internal Revenue Code of 1954 to revise and extend the targeted jobs credit.
Introduced: February 6, 1985
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 1985
Subcommittee Hearings Held.
Feb 21, 1985
Referred to Subcommittee on Select Revenue Measures.
Feb 6, 1985
Referred to House Committee on Ways and Means.
Feb 6, 1985
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to extend the targeted jobs income tax credit from 1985 to 1990.
Increases the amount of wages which may be taken into account for such credit from $6,000 to $10,000 per year.
Revises the definition of "members of economically disadvantaged families" to increase from 70 percent to 80 percent of the Bureau of Labor Statistics' lower living standard the amount of income a family may have in order to qualify as a member of a targeted group.
What's happening now
Subcommittee Hearings Held.
Committees of jurisdiction
2