1409

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Amendment Number
1409
Purpose
To provide an incentive for increased consumer spending and to provide a short-term economic stimulus by waiving the penalty under the Internal Revenue Code of 1986 on certain withdrawals from pension plans which are used to purchase consumer goods and other items and by extending for 1 year the research and experimentation tax credit, the low-income housing tax credit, the mortgage revenue bond tax provisions, and the targeted jobs tax credit.
Congress
102
Type
SAMDT
Latest Action Date
Nov 22, 1991
Latest Action Text
Motion to table SP 1409 agreed to in Senate by Yea-Nay Vote. 66-31. Record Vote No: 269.
Proposed Date
Nov 22, 1991
Submitted Date
Nov 22, 1991
Chamber
Senate
Update Date
Jul 10, 2021
Amendment 1409 — Informed