To amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit and to provide such credit for hiring long-term unemployed individuals.

Bill: 113-hr-4082
Sponsor: full_name: Rep. Duncan, John J., Jr. [R-TN-2]
Introduced: 2014-02-25
Policy area: Taxation
Subjects: Employee hiring

Income tax credits

Unemployment

Wages and earnings
Latest action: action_date: 2014-02-25
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-02-25
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to extend the work opportunity tax credit through 2015 and allow the credit for the hiring of a qualified long-term unemployed individual. Defines "qualified long-term unemployed individual" as any individual who: (1)&nbsp; is certified as being in receipt of unemployment compensation during the entire 26-week period ending on the date such individual is hired, or (2)&nbsp;would have received unemployment compensation for such period but had exhausted the right to such compensation.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4082 IN THE HOUSE OF REPRESENTATIVES February 25, 2014 Mr. Duncan of Tennessee introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit and to provide such credit for hiring long-term unemployed individuals.

1. Extension of work opportunity tax credit and provision of credit for hiring long-term unemployed individuals (a) Extension of work opportunity tax credit Section 51(c)(4)(B) of the Internal Revenue Code of 1986 is amended by striking December 31, 2013 and inserting December 31, 2015 . (b) Credit allowed for hiring long-Term unemployed individuals (1) In general Section 51(d)(1) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting , or , and by adding at the end the following new subparagraph: (J) a qualified long-term unemployed individual. . (2) Qualified long-term unemployed individual Section 51(d) of such Code is amended by striking paragraph (14), by redesignating paragraphs (11), (12), and (13) as paragraphs (12), (13), and (14), respectively, and by inserting after paragraph (10) the following new paragraph: (11) Qualified long-term unemployed individual The term qualified long-term unemployed individual means any individual who is certified by the designated local agency as— (A) an individual in receipt of unemployment compensation under State or Federal law during the entire 26-week period ending on the hiring date, or (B) an individual unemployed for such period who would have received such compensation for such period but for having exhausted the right to such compensation. . (3) Credit limited to $1,000 for hiring of each long-term unemployed individual Section 51(b)(3) of such Code is amended by inserting ($2,500 in the case of any qualified long-term unemployed individual) . (c) Effective date The amendments made by this section shall apply to individuals who begin work for the employer after December 31, 2013.