Displaced Older Worker Assistance Act of 2001

To amend the Internal Revenue Code of 1986 to exclude certain severance payments from gross income and to allow a refundable credit for job training expenses of older long-time employees who are laid off.

Subjects

Taxation

Summary

Displaced Older Worker Assistance Act of 2001-Amends the Internal Revenue Code to: (1) exclude certain severance payments from income; and (2) allow as a credit qualified job retraining expenses for certain older long-time employees who are laid off.

Directs the Comptroller General of the United States to study the special needs of displaced older workers.

Full Text

Legislative Actions

2001-10-02
Introduced in House
2001-10-02
Introduced in House
2001-10-02
Sponsor introductory remarks on measure. (CR E1773)
2001-10-02
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-10-02
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-10-02
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2001-12-03
Referred to the Subcommittee on 21st Century Competitiveness.

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