HR 2726 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a tax credit for employers who employ members of the hard-core unemployed.

Introduced 1973-01-23· Sponsored by Rep. Pettis, Jerry L. [R-CA-33]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code of 1954 a tax credit for employers who employ members of the hard-core unemployed. States that the credit allowed by this Act shall not exceed $25,000 plus 50 percent of so much of the liability of tax for the taxable year as exceeds $25,000. (Adds 26 U.S.C. 40)…

Summarized by Claude AI · Non-partisan · For informational purposes only