A bill to amend the Internal Revenue Code of 1986 to extend the work opportunity credit to small business employees working or living in areas of poverty.

Fact Sheet API

Bill Number

S 545

Introduced

Mar 15, 2001

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2397)

Sponsor

Cosponsors

Topics

Business income tax Commerce Congress Congressional reporting requirements Depressed areas Economics and Public Finance Employment tax credits Income tax Labor and Employment Small business Taxation

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to extend the work opportunity credit to wages paid to small business employees working or living in areas with a poverty rate of at least 20 percent.

Directs the Secretary of the Treasury to report to specified congressional committees on the effect of such credit extension.

Actions

Mar 15, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2397)
Mar 15, 2001

Introduced in Senate

Amendments

Related Bills