US HB4633 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 22 2010 - 25% progression, died in committee
Action: 2010-02-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 22 2010 - 25% progression, died in committee
Action: 2010-02-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Back to Work Act of 2010 - Amends the Internal Revenue Code to: (1) exempt for-profit and nonprofit employers from social security taxes in 2010 for new employees who are hired after February 3, 2010, and before January 1, 2011, and who certify that they have not worked more than 40 hours during the last 60 days; and (2) allow an increase in the general business tax credit for the retention of such employees for at least one year at specified wage levels. Prohibits a carryback of unused business tax credit amounts to previous taxable years. Appropriates to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund under title II of the Social Security Act amounts necessary to cover any reduction in revenues resulting from the tax exemptions provided by this Act.
Title
Back to Work Act of 2010
Sponsors
Rep. Bruce Braley [D-IA] |
History
Date | Chamber | Action |
---|---|---|
2010-02-22 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB4777 (Related) 2010-03-04 - Referred to the House Committee on Ways and Means.
SB2983 (Related) 2010-02-04 - Read twice and referred to the Committee on Finance.
HB6152 (Related) 2010-09-16 - Referred to the House Committee on Ways and Means.
SB2983 (Related) 2010-02-04 - Read twice and referred to the Committee on Finance.
HB6152 (Related) 2010-09-16 - Referred to the House Committee on Ways and Means.
Subjects
Employment taxes
Government trust funds
Income tax credits
Social security and elderly assistance
Social work, volunteer service, charitable organizations
Taxation
Unemployment
Wages and earnings
Government trust funds
Income tax credits
Social security and elderly assistance
Social work, volunteer service, charitable organizations
Taxation
Unemployment
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/4633/all-info |
Text | https://www.congress.gov/111/bills/hr4633/BILLS-111hr4633ih.pdf |