Definition: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Jobs Opportunity and Business
Stability Act of 2009''.

SEC. 2. CREDIT FOR SMALL BUSINESSES THAT INCREASE EMPLOYMENT.

(a) In General.--Subpart D of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to business-related
credits) is amended by adding at the end the following new section:

''SEC. 45R. CREDIT FOR SMALL BUSINESSES THAT INCREASE EMPLOYMENT.

''(a) General Rule.--In the case of an eligible small business
employer, the increased small business employment credit determined
under this section shall be--
''(1) for any taxable year beginning in 2010, an amount
equal to 15 percent of the excess of--
''(A) the aggregate wages paid during 2010, over
''(B) 102 percent of the aggregate wages paid
during 2009, and
''(2) for any taxable year beginning in 2011, an amount
equal to 10 percent of the excess of--
''(A) the aggregate wages paid during 2011, over
''(B) 102 percent of the aggregate wages paid
during 2010.
''(b) Minimum Preceding Year Wages.--For purposes of subsection
(a)--
''(1) the amount taken into account under paragraph (1)(B)
thereof shall not be less than 50 percent of the amount
described in paragraph (1)(A) thereof, and
''(2) the amount taken into account under paragraph (2)(B)
thereof shall not be less than 50 percent of the amount
described in paragraph (2)(A) thereof.
''(c) Total Wages Must Increase.--The amount of credit determined
under this section for any taxable year shall not exceed the amount
which would be so determined for such year (without regard to
subsection (b)) if--
''(1) the aggregate amounts taken into account as wages
were determined without any dollar limitation, and
''(2) '105 percent' were substituted for '102 percent' in
the appropriate subparagraph of subsection (a).
''(d) Eligible Small Business Employer.--For purposes of this
section, the term 'eligible small business employer' means, with
respect to any taxable year, any employer if--
''(1) such employer employed an average of less than 20
employees on business days during the preceding taxable year,
and
''(2) such employer (and any predecessor) met the gross
receipts test of section 448(c) for the preceding taxable year.
''(e) Wages.--For purposes of this section--
''(1) In general.--Except as provided in paragraph (2), the
term 'wages' has the meaning given to such term by section
3121(a) with respect to the tax imposed by section 3101(a).
''(2) Railway labor.--In the case of remuneration subject
to the tax imposed by 3201(a), the term 'wages' means so much
of compensation (as defined in section 3231(e)) for the
calendar year as does not exceed the contribution and benefit
base determined under section 230 of the Social Security Act
for such calendar year.
''(f) Certain Rules To Apply.--Rules similar to the following rules
shall apply for purposes of this section:
''(1) Section 51(f) (relating to remuneration must be for
trade or business employment).
''(2) Section 51(k) (relating to treatment of successor
employers; treatment of employees performing services for other
persons).
''(3) Subsections (a) and (b) of section 52 (relating to
controlled groups).
''(g) Election To Have Credit Not Apply.--
''(1) In general.--A taxpayer may elect to have this
section not apply for any taxable year.
''(2) Time for making election.--An election under
paragraph (1) for any taxable year may be made (or revoked) at
any time before the expiration of the 3-year period beginning
on the last date prescribed by law for filing the return for
such taxable year (determined without regard to extensions).''.
(b) Denial of Double Benefit.--Subsection (a) of section 280C of
such Code is amended by inserting ''45R(a),'' after ''45P(a),''.
(c) Credit Made Part of General Business Credit.--
(1) In general.--Subsection (b) of section 38 of such Code
(relating to current year business credit) is amended by
striking ''plus'' at the end of paragraph (34), by striking the
period at the end of paragraph (35) and inserting '', plus'',
and by adding at the end the following new paragraph:
''(36) in the case of an eligible small business employer
(as defined in section 45R(e)), the increased small business
employment credit determined under section 45R(a).''.
(2) Deduction for certain unused business credits.--
Subsection (c) of section 196 of such Code is amended by
striking ''and'' at the end of paragraph (12), by striking the
period at the end of paragraph (13) and inserting '', and'',
and by adding after paragraph (13) the following new paragraph:
''(14) the increased small business employment credit
determined under section 45R(a).''.
(d) Credit To Be Refundable.--Subsection (c) of section 38 of such
Code (relating to limitation based on amount of tax) is amended by
redesignating paragraph (5) as paragraph (6) and by inserting after
paragraph (4) the following new paragraph:
''(5) Special rules for increased small business employment
credit.--In the case of the credit determined under section
45R--
''(A) this section and section 39 shall be applied
separately with respect to such credit, and
''(B) in applying paragraph (1) to such credit--
''(i) the tentative minimum tax shall be
treated as being zero, and
''(ii) the limitation under paragraph (1)
(as modified by clause (i)) shall be reduced by
the credit allowed under subsection (a) for the
taxable year (other than the credit determined
under section 45R), and
''(iii) the amount of the credit determined
under section 45R in excess of the limitation
under paragraph (1) (as modified by clause
(ii)) shall be treated as a credit under
subpart C.''.
(e) Clerical Amendment.--The table of sections for subpart D of
part IV of subchapter A of chapter 1 of such Code is amended by
inserting after the item relating to section 45Q the following new
item:

''Sec. 45R. Credit for small businesses that increase employment.''.
(f) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2009.
(g) Public Information Campaign.--The Secretary of the Treasury (or
the Secretary's delegate) shall undertake a public information campaign
to make employers aware of the credit added by this Act.
(h) Study To Provide Comparable Benefits to Nonprofit
Organizations.--The Secretary of the Treasury (or the Secretary's
delegate) shall conduct a study on ways to provide benefits to
nonprofit organizations which are comparable to the credit added by the
Act. The results of such study shall be submitted to the Committee on
Ways and Means of the House of Representatives and the Committee on
Finance of the Senate not later than 90 days after the date of the
enactment of this Act.
Output:
Jobs Opportunity and Business Stability Act of 2009 - Amends the Internal Revenue Code to allow certain small business owners with fewer than 20 employees and annual gross receipts not exceeding $5,000,000 a refundable tax credit for increasing their payrolls in 2010 and 2011 by specified percentages.

Directs the Secretary of the Treasury to study and report to Congress on ways to provide benefits to nonprofit organizations that are comparable to the tax credit provided by this Act.