Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Reemployment Tax Credit Act of
1998''.

SEC. 2. WORK OPPORTUNITY TAX CREDIT.

(a) Qualified Dislocated Workers Treated as Members of Targeted
Groups.--
(1) In general.--Paragraph (1) of section 51(d) of the
Internal Revenue Code of 1986 (relating to members of targeted
groups) is amended by striking ''or'' at the end of
subparagraph (G), by striking the period at the end of
subparagraph (H) and inserting '', or'', and by adding at the
end the following new subparagraph:
''(I) a qualified dislocated worker.''.
(2) Qualified dislocated worker.--Section 51(d) of such
Code is amended by redesignating paragraphs (10), (11), and
(12) as paragraphs (11), (12), and (13), respectively, and by
inserting after paragraph (9) the following new paragraph:
''(10) Qualified dislocated worker.--
''(A) In general.--The term 'qualified dislocated
worker' means any individual who is certified by the
designated local agency as--
''(i) being eligible for unemployment
compensation (within the meaning of section 85)
as a result of loss of employment at a work-
site located in an economic dislocation area,
''(ii) having a hiring date which is not
later than 90 days after the date on which the
individual becomes eligible for such
unemployment compensation, and
''(iii) being offered employment at a work-
site which is not more than 60 miles from the
previous work-site of the individual.
''(B) Certification of economic dislocation area.--
''(i) Certification.--Not later than 20
days after an application for certification of
a community as an economic dislocation area is
received by the Assistant Secretary of Economic
Development of the Department of Commerce under
clause (ii), the Assistant Secretary shall
certify whether or not the community is an
economic dislocation area as determined under
subparagraph (C) or (D).
''(ii) Application.--For purposes of clause
(i), the application for certification shall be
submitted by the Governor of the State (or the
Governor's designee) in which the community for
which certification is being sought is located
and shall be in such form and contain such
information as the Assistant Secretary may
require in order to determine whether the
community is an economic dislocation area.
''(C) Communities located in a metropolitan
statistical area.--Except as provided in subparagraph
(E), a community located in a metropolitan statistical
area (within the meaning of section 143(k)(2)(B)) shall
be certified as an economic dislocation area if the
community suffers actual or threatened permanent job
loss and--
''(i) in the case of a metropolitan
statistical area in which the unemployment rate
is greater than the national average, the job
loss in the community is equal to or greater
than the lesser of--
''(I) 0.5 percent of the employed
population in the community, or
''(II) 4,000, or
''(ii) in the case of a metropolitan
statistical area in which the unemployment rate
is equal to or less than the national average,
the job loss in the community is equal to or
greater than the lesser of--
''(I) 1 percent of the employed
population in the community, or
''(II) 8,000.
''(D) Communities not located in a metropolitan
statistical area.--Except as provided in subparagraph
(E), a community that is not located in a metropolitan
statistical area shall be certified as an economic
dislocation area if the community suffers actual or
threatened permanent job loss and--
''(i) if the unemployment rate of the Labor
Market Area in which the community is located
is greater than the national average, the job
loss in the community is equal to or greater
than the lesser of--
''(I) 2 percent of the employed
population in the community, or
''(II) 500, or
''(ii) if the unemployment rate of the
Labor Market Area in which the community is
located is equal to or less than the national
average, the job loss in the community is equal
to or greater than the lesser of--
''(I) 4 percent of the employed
population in the community, or
''(II) 1,000.
''(E) Required job loss percentage.--A community
shall not be certified under this paragraph as an
economic dislocation area unless at least--
''(i) 50 percent of the job loss in the
community is the result of the action of a
single employer, or
''(ii) 80 percent of such job loss occurs
in a single standard industry
classification.''.
(b) Effective Date.--The amendments made by this section shall
apply to individuals who begin work for the employer after December 31,
1998.
Student:
Reemployment Tax Credit Act of 1998 - Amends the Internal Revenue Act to extend the employer work opportunity tax credit to include qualified dislocated workers.