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- H.R.1663
H.R.1663: To amend the Internal Revenue Code of 1986 to temporarily provide the work opportunity tax credit for small businesses hiring unemployed individuals.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 15, 2011
- Latest Major Action April 15, 2011
Bill Sponsor
Bill Cosponsors
17 (4 Democrats, 13 Republicans)
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 15, 2011 |
Introduced in the House by Allen West (R-Fla.) |