Investing in Older Americans Act of 2016

Summary

Investing in Older Americans Act of 2016 This bill amends the Internal Revenue Code to make the Work Opportunity Tax Credit (WOTC) permanent and expand it to include the hiring of older long-term unemployment recipients. (The WOTC permits employers that hire individuals with certain personal characteristics to claim a tax credit equal to a portion of the wages paid to those individuals.) A qualified older long-term unemployment recipient is an individual who is certified by the designated local agency as: being at least 55 years of age on the hiring date, and qualified as a long-term unemployment recipient under current law by being unemployed for at least 27 consecutive weeks and receiving state or federal unemployment compensation during that period. The bill limits to $14,000 the amount of the qualified first-year wages which may be taken into account under the WOTC for a qualified older long-term unemployment recipient.

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Timeline

1. 15 April 2016

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 April 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 April 2016

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2016 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2016

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 April 2016

  Open at official source

Sponsors

• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Sponsor
• · hswm00 · Standing

Related records

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