Small Business Jobs Tax Credit Act of 2004

Read twice and referred to the Committee on Finance.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Jun 24, 2004

Small Business Jobs Tax Credit Act of 2004 - Amends the Internal Revenue Code to include qualified small business employees as a targeted group eligible for the work opportunity tax credit. Defines "qualified small business employee" as an individual who resides in and is hired by a small business located in a development zone. Defines "development zone" as any area which has (1) a development zone designation and a nomination as a renewal community; (2) a population between 5,000 and 150,000; (3) a certain level of poverty; (4) an annual average rate of job growth of less than two percent over a specified period; and (5) a population loss of at least two percent since 1990. Sets forth special rules for determining the amount of the allowable credit based upon wages paid to employees in a development zone over a five-year period.

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People & committees

Who introduced it

Sen. Clinton, Hillary Rodham [D-NY] · D–NY

Committees

Finance Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Jun 24, 2004
Read twice and referred to the Committee on Finance.
Jun 24, 2004
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Jun 24, 2004 Formatted Text PDF

Related bills identified by Congress.gov

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Source last updated: Feb 10, 2026. Consult Congress.gov for the current record.

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Discuss S.2585, 108th Congress: Small Business Jobs Tax Credit Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/senate-bill/2585

Text version to examine: Introduced in Senate · 2004-06-24.

Official full text: https://www.congress.gov/108/bills/s2585/BILLS-108s2585is.htm

Imported record last updated by the source: 2026-02-10T13:36:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.2585 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Examine S.2585 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.2585, 108th Congress: Small Business Jobs Tax Credit Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/senate-bill/2585

Text version to examine: Introduced in Senate · 2004-06-24.

Official full text: https://www.congress.gov/108/bills/s2585/BILLS-108s2585is.htm

Imported record last updated by the source: 2026-02-10T13:36:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

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Examine S.2585 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.2585, 108th Congress: Small Business Jobs Tax Credit Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/senate-bill/2585

Text version to examine: Introduced in Senate · 2004-06-24.

Official full text: https://www.congress.gov/108/bills/s2585/BILLS-108s2585is.htm

Imported record last updated by the source: 2026-02-10T13:36:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

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Discuss S.2585, 108th Congress: Small Business Jobs Tax Credit Act of 2004

Official record: https://www.congress.gov/bill/108th-congress/senate-bill/2585

Text version to examine: Introduced in Senate · 2004-06-24.

Official full text: https://www.congress.gov/108/bills/s2585/BILLS-108s2585is.htm

Imported record last updated by the source: 2026-02-10T13:36:32Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2585 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.