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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
6/10/1982--Introduced. New Jobs Act - Amends the Internal Revenue Code to allow employers an income tax credit in an amount equal to 25 percent of the increase in wages paid during 1982 to qualified new employees. Requires that such new employees must be individuals who: (1) are hired by the employer after June 14, 1982, and before October 16, 1982; (2) were not employed on a substantially full-time basis at any time during the 90-day period prior to the date of hiring; and (3) were not employed by the employer at any time prior to hiring.