Instructions: 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 ''Small Business Job Creation Act of
2010''.

SEC. 2. TEMPORARY WORK OPPORTUNITY CREDIT FOR SMALL BUSINESSES.

(a) In General.--Section 51 of the Internal Revenue Code of 1986 is
amended by adding at the end the following new subsection:
''(l) Small Business Credit for Hiring Certain Unemployed
Individuals During 2010 and 2011.--
''(1) In general.--In the case of an eligible unemployed
individual who begins work for an eligible small business
during 2010 or 2011, the taxpayer may elect to treat such
individual as a member of a targeted group for purposes of this
subpart, subject to the modifications in paragraph (4) and in
lieu of treating such individual as a member of any other
targeted group.
''(2) Eligible small business.--For purposes of this
subsection, the term 'eligible small business' means any person
if--
''(A) either--
''(i) the gross receipts of such person for
the preceding taxable year did not exceed
$20,000,000, or
''(ii) in the case of a person to which
subparagraph (A) does not apply, such person
employed not more than 200 full-time employees
during the preceding taxable year, and
''(B) such person elects the application of this
section for the taxable year.
For purposes of subparagraph (B)(ii), an employee shall be
considered full-time if such employee is employed at least 30
hours per week for 35 or more calendar weeks in the taxable
year.
''(3) Eligible unemployed individual.--For purposes of this
section, the term 'eligible unemployed individual' means any
individual--
''(A) who is certified by the designated local
agency as being eligible to receive unemployment
compensation under State or Federal law during the 1-
year period ending on the hiring date, or
''(B) whose employment with the employer was
terminated before January 1, 2010.
''(4) Employee must be full-time.--No wages shall be taken
into account with respect to any individual for any taxable
year unless such individual is employed by the employer an
average of at least 30 hours per week in the taxable year (in
the case of the taxable year during which the individual begins
work, beginning with the day the individual begins work).
''(5) Modifications.--For purposes of this subsection, the
modifications described in this paragraph are as follows:
''(A) Percentage of wages.--Subsection (a) shall be
applied--
''(i) in the case of wages paid or incurred
by the employer during 2010, by substituting
'7.5 percent' for '40 percent', and
''(ii) in the case of wages paid or
incurred by the employer during 2011, by
substituting '5 percent' for '40 percent'.
''(B) Qualified wages during 2010 and 2011 taken
into account.--Subsection (b)(2) shall be applied by
substituting 'during 2010 and 2011' for 'during the 1-
year period beginning with the day the individual
begins work for the employer'.
''(C) $75,000 wage limitation.--Subsection (b)(3)
shall be applied by substituting '$75,000' for
'$6,000'.
''(D) Double credit in counties with high
unemployment.--
''(i) In general.--In the case of an
employer located in a county which is a high
unemployment county for the month during which
the employee begins work for the employer,
clauses (i) and (ii) of subparagraph (A) shall
be applied by substituting '15 percent' and '10
percent' for '7.5 percent' and '5 percent',
respectively.
''(ii) High unemployment county.--For
purposes of this subparagraph, the term 'high
unemployment county' means, with respect to any
month, a county for which the rate of
unemployment exceeds the national rate of
unemployment (as determined by the Bureau of
Labor Statistics of the Department of Labor).
''(E) Credit to apply for all 2011.--This
subsection shall be applied without regard to
subsection (c)(4)(B).
''(F) Certain rehires eligible.--Subection (i)(2)
shall not apply to an individual whose employment with
the employer was terminated before January 1, 2010.''.
(b) Effective Date.--The amendments made by this section shall
apply to employees hired after December 31, 2009.
Output:
Small Business Job Creation Act of 2010 - Amends the Internal Revenue Code to allow small business employers whose gross receipts in the preceding taxable year did not exceed $20 million or who did not employ more than 200 full-time employees a work opportunity tax credit for hiring unemployed individuals as full-time employees during 2010 or 2011. Doubles the rate of such credit for employers located in counties with high unemployment rates.