To amend the Internal Revenue Code of 1986 to temporarily provide the work opportunity tax credit for small businesses hiring unemployed individuals.

Summary

Amends the Internal Revenue Code to allow certain small businesses with gross receipts in the preceding taxable year not exceeding $20 million a work opportunity tax credit for hiring individuals who have been receiving state unemployment compensation for not less than 4 weeks in the 1-year period ending on the hiring date. Increases the amount of wages eligible for such credit from $6,000 to $12,000 for the hiring of individuals in a high unemployment zone (a county that has an unemployment rate exceeding the greater of 4% or the national unemployment rate). Terminates such credit after December 31, 2013.

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Timeline

1. 15 April 2011

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 April 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 April 2011

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2011 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2011

  DownloadOpen at official source

• Introduced in House

  summary · EN · 15 April 2011

  Open at official source

Sponsors

• Rep. West, Allen B. [R-FL-22] · R · Sponsor
• Rep. Walsh, Joe [R-IL-8] · R · Sponsor
• Rep. Richardson, Laura [D-CA-37] · D · Sponsor
• Rep. Ros-Lehtinen, Ileana [R-FL-18] · R · Sponsor
• Sen. Blackburn, Marsha [R-TN] · R · Cosponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• Rep. Rigell, E. Scott [R-VA-2] · R · Cosponsor
• Rep. Ross, Dennis A. [R-FL-15] · R · Cosponsor
• Rep. Young, C. W. Bill [R-FL-6] · R · Cosponsor
• Rep. Stivers, Steve [R-OH-15] · R · Cosponsor
• Rep. Clay, Wm. Lacy [D-MO-1] · D · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Cosponsor
• Rep. Schock, Aaron [R-IL-18] · R · Cosponsor
• Rep. Fudge, Marcia L. [D-OH-11] · D · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• Rep. Southerland, Steve II [R-FL-2] · R · Cosponsor
• Rep. Barletta, Lou [R-PA-11] · R · Cosponsor
• · hswm00 · Standing

Related records

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