US SB1785 | 2011-2012 | 112th Congress
Status
November 2 2011 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Back to Work Tax Credit - Amends the Internal Revenue Code to allow an increased work opportunity tax credit for the hiring of a qualified long-term unemployed individual. Defines "qualified long-term unemployed individual" as any individual who was not a student for at least six months during the one-year period ending on the hiring date and is certified as having aggregate periods of unemployment during the one-year period ending on the hiring date which equal or exceed six months. Allows tax-exempt charitable organizations or public institutions of higher education to claim the lesser of the amount of the work opportunity credit or the amount of payroll taxes paid during the calendar year for hiring qualified long-term unemployed individuals.
Title
Back to Work Tax Credit
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-11-02 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Employee hiring
Employment taxes
Higher education
Income tax credits
Social security and elderly assistance
Tax-exempt organizations
U.S. territories and protectorates
Unemployment
Wages and earnings
Employment taxes
Higher education
Income tax credits
Social security and elderly assistance
Tax-exempt organizations
U.S. territories and protectorates
Unemployment
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN01785:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112s1785is/pdf/BILLS-112s1785is.pdf |
