A bill to amend the Internal Revenue Code of 1986 to provide tax incentives relating to the closure, realignment, or downsizing of military installations.
Read twice and referred to the Committee on Finance.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Feb 5, 1997
Amends the Internal Revenue Code to make dislocated employees eligible for the targeted jobs credit. Defines a dislocated employee as an individual: (1) who was employed on a military installation; and (2) whose job was terminated as a result of the closing or realignment of such installation under a defense base closure law or a reduction in force at such installation.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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