US HB1663 | 2011-2012 | 112th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 14-4)
Status: Introduced on April 15 2011 - 25% progression, died in committee
Action: 2011-04-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 15 2011 - 25% progression, died in committee
Action: 2011-04-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow certain small businesses with gross receipts in the preceding taxable year not exceeding $20 million a work opportunity tax credit for hiring individuals who have been receiving state unemployment compensation for not less than 4 weeks in the 1-year period ending on the hiring date. Increases the amount of wages eligible for such credit from $6,000 to $12,000 for the hiring of individuals in a high unemployment zone (a county that has an unemployment rate exceeding the greater of 4% or the national unemployment rate). Terminates such credit after December 31, 2013.
Title
To amend the Internal Revenue Code of 1986 to temporarily provide the work opportunity tax credit for small businesses hiring unemployed individuals.
Sponsors
Rep. Allen West [R-FL] | Rep. Lou Barletta [R-PA] | Rep. Gus Bilirakis [R-FL] | Sen. Marsha Blackburn [R-TN] |
Rep. Donna Christensen [D-VI] | Rep. Lacy Clay [D-MO] | Rep. Marcia Fudge [D-OH] | Rep. Jeff Miller [R-FL] |
Rep. Ron Paul [R-TX] | Rep. Laura Richardson [D-CA] | Rep. Scott Rigell [R-VA] | Rep. Ileana Ros-Lehtinen [R-FL] |
Rep. Dennis Ross [R-FL] | Rep. Aaron Schock [R-IL] | Rep. Steve Southerland [R-FL] | Rep. Steve Stivers [R-OH] |
Rep. Joe Walsh [R-IL] | Rep. C.W. Young [R-FL] |
History
Date | Chamber | Action |
---|---|---|
2011-04-15 | House | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/1663/all-info |
Text | https://www.congress.gov/112/bills/hr1663/BILLS-112hr1663ih.pdf |