S 1353 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow that portion of the investment credit attributable to the employee plan percentage to be taken against 100 percent of the liability for tax.

Introduced 1981-06-10· Sponsored by Sen. Long, Russell B. [D-LA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-06-15)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the portion of the investment tax credit which is attributable to the employee plan percentage to offset 100 percent of tax liability.…

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