US HB4178 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2015-12-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

American Unemployed Worker Investment Act of 2015 This bill amends the Internal Revenue Code to: (1) extend the work opportunity tax credit through 2017; (2) allow a small business employer (i.e., an employer who employs more than 10 but fewer than 25 full-time employees throughout the taxable year) an increased work opportunity tax credit for hiring a qualified unemployment compensation recipient; and (3) allow tax-exempt organizations a work opportunity tax credit for hiring qualified unemployment compensation recipients. The bill defines "qualified unemployment compensation recipient" as any individual who is certified as: (1) not being a student for at least six months during the one-year period ending on the hiring date, (2) being in receipt of unemployment compensation on the hiring date, and (3) having a hiring date during the two-year period which begins on the enactment of this Act. The bill denies such credit unless: (1) the qualified unemployment compensation recipient is employed for not less than 35 hours per week for not less than 1 year, and (2) the number of full-time employees of the employer receiving such credit is increased by 1 for at least 1 year.

Tracking Information

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Title

American Unemployed Worker Investment Act of 2015

Sponsors


History

DateChamberAction
2015-12-03HouseReferred to the House Committee on Ways and Means.
2015-12-03HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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