S 2935 · 97th Congress · Taxation

Targeted Jobs Tax Credit Amendments Act of 1982

Introduced 1982-09-21· Sponsored by Sen. Sasser, Jim [D-TN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1982-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] Targeted Jobs Tax Credit Amendments Act of 1982 - Amends the Internal Revenue Code to include as members of a targeted group for purposes of the targeted jobs tax credit individuals who: (1) have been unemployed since January 1, 1982; or (2) have exhausted all rights to regular unemployment compensation. Increases the amount of the first year wages taken into account from 50 percent to: (1) 65 percent in the case of an employer in an area where the employment rate exceeds the average national rate; and (2) 75 percent in the case of a small business owner.…

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

Cosponsors (1)

1 Democrat
Sen. Levin, Carl [D-MI]MI