S 3766 · 93th Congress · Taxation

A bill to amend section 274(b)(1)(C) of the Internal Revenue Code of 1954 relating to deductibility of gifts by employers to employees in recognition of length of service or achievement.

Introduced 1974-07-16· Sponsored by Sen. Bennett, Wallace F. [R-UT]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1974-07-16)

Plain Language Summary

[AI summary unavailable — showing source text] Allows, under the Internal Revenue Code, a deduction for gifts by employers to employees in recognition of length of service or achievement. Limits such deduction to $200.…

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