US HB2120 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 3 2011 - 25% progression, died in committee
Action: 2011-06-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 3 2011 - 25% progression, died in committee
Action: 2011-06-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow employers a work opportunity tax credit for hiring a 99er (defined by this Act as an individual who has exhausted all rights to emergency unemployment compensation under the Supplemental Appropriations Act, 2008 during the period beginning on December 1, 2007, and ending on the individual's hiring date). Reduces the amount of such credit (40% to 25%) for employees who remain employed for 120 hours, but less than 400 hours, and in the second year of employment.
Title
To amend the Internal Revenue Code of 1986 to include individuals who have exhausted all rights to emergency unemployment compensation under title IV of the Supplemental Appropriations Act, 2008 as a targeted group for purposes of the work opportunity tax credit.
Sponsors
Rep. Sheila Jackson-Lee [D-TX] |
History
Date | Chamber | Action |
---|---|---|
2011-06-03 | House | Referred to the House Committee on Ways and Means. |
Subjects
Employee hiring
Employment and training programs
Income tax credits
Taxation
Unemployment
Wages and earnings
Employment and training programs
Income tax credits
Taxation
Unemployment
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/2120/all-info |
Text | https://www.congress.gov/112/bills/hr2120/BILLS-112hr2120ih.pdf |