Tax legislation this year?

✍ Scribed by Strobel, Caroline D.

• Publisher: John Wiley and Sons
• Year: 1999
• Tongue: English
• Weight: 22 KB
• Volume: 10
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/(sici)1097-0053(199922)10:4<129::aid-jcaf14>3.0.co;2-9

✦ Synopsis

IRS

129

T he Clinton administration has made several tax proposals affecting corporations in their fiscal year 2000 budget proposals. The first proposal provides a new credit for employer-provided education. The proposal would provide employers with a credit against federal income taxes equal to 10 percent of the expenses incurred to provide literacy and basic education programs to eligible employees. This is intended to encourage employer-provided continuing education for employees who have not mastered reading and other basic skills at a minimum level.