legislation: 100-hr-5172

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
100-hr-5172 100 hr 5172 Jobs Relocation Incentives Act of 1988 Taxation 1988-08-04 1988-08-04 Referred to House Committee on Ways and Means. House Rep. Traficant, James A., Jr. [D-OH-17] OH D T000350 2 Jobs Relocation Incentives Act of 1988 - Amends the Internal Revenue Code to permit an income tax credit to a corporation for qualified expenses incurred in discontinuing a wholly-owned foreign operation and relocating its activity to a U.S. labor surplus area within two years. Requires the business activity to employ at least 500 individuals full time. Permits a ten percent credit for the first taxable year and five percent for the nine succeeding years. Disallows the credit if bankruptcy results from the relocation or if employee numbers decrease to a specified threshold within five years of the new operation's commencement. Recaptures credit amounts if the corporation ceases operation of the new domestic enterprise within five years of its beginning. Terminates the credit five years after this Act's enactment. 2025-08-28T20:08:14Z  

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