S. 1579 — A bill to amend the Internal Revenue Code of 1954 to allow corporations to deduct all contributions made to a joint employee-employer day care facility.

Summary

Amends the Internal Revenue Code to allow an unrestricted business expense tax deduction for contributions made to a tax-exempt day care facility. Grants tax- exempt status to day care facilities which meet specified requirements.

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Legislative Actions

1981-07-31
Introduced in Senate
1981-07-31
Read second time and referred to Senate Committee on Finance.
1981-08-05
Committee on Finance requested executive comment from OMB; Treasury Department.

A bill to amend the Internal Revenue Code of 1954 to allow corporations to deduct all contributions made to a joint employee-employer day care facility.

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Summary

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