S 1579 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow corporations to deduct all contributions made to a joint employee-employer day care facility.

Introduced 1981-07-31· Sponsored by Sen. Jepsen, Roger W. [R-IA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-08-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an unrestricted business expense tax deduction for contributions made to a tax-exempt day care facility. Grants tax- exempt status to day care facilities which meet specified requirements.…

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