S 504 · 95th Congress ·
Jobs Creation Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1977-01-28)
Plain Language Summary
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Jobs Creation Act - Amends the Internal Revenue Code to: (1) reduce individual and corporate income tax rates; (2) allow a limited income tax deduction by certain domestic corporations for dividends paid; (3) allow a tax credit for new savings deposits; and (4) allow a deduction for a portion of a property's cost in lieu of a deduction for depreciation.…
Summarized by Claude AI · Non-partisan · For informational purposes only