US Congress House Bill 4965 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 25 2010 - 25% progression, died in committee
Action: 2010-03-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Targeted Job Creation and Business Investment Act - Allows a reduction in 2010 and 2011 of an employer's payroll taxes by a specified percentage of the amount by which such employer increases aggregate payroll over the preceding calendar year for employees in high unemployment areas hired after February 3, 2010, and before January 1, 2012. Amends the Internal Revenue Code to make permanent the tax credit for increasing research activities, bonus depreciation, and the increased (to $250,000) expensing allowance for depreciable business assets.

Targeted Job Creation and Business Investment Act

Sen. Joe Donnelly [D-IN]

Date	Chamber	Action
2010-03-25		Referred to the House Committee on Ways and Means.

HB4680 (Related) 2010-02-24 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/4965/all-info
Text	https://www.congress.gov/111/bills/hr4965/BILLS-111hr4965ih.pdf