Older Worker Opportunity Act of 2007

Summary

Older Worker Opportunity Act of 2007 - Amends the Internal Revenue Code to allow employers who maintain a tax-qualified pension or retirement plan and who provide health insurance coverage a business-related tax credit for 25% of the first $6,000 of the wages of employees who have attained the age of 62 and who are participating in a formal flexible work program. Defines "formal flexible work program" as a work program: (1) that consists of core and flex time; (2) whose core time does not exceed 20 hours per week, three days per week, or 1,000 hours per year; (3) that allows participation for at least one year; and (4) that does not permit a change or reduction in the health care or pension benefits of the participating employee.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 February 2007

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 February 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 February 2007

  Open at official source

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