US SB1271 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 23 2011 - 25% progression, died in committee
Action: 2011-06-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Job Creation Tax Credit Act of 2011 - Amends the Internal Revenue Code to allow a business-related tax credit for 15% of the wages paid to certain unemployed workers in 2011 and 10% of wages paid in 2012. Requires that such workers: (1) begin employment after the enactment of this Act and before January 13, 2013; (2) certify, under penalty of perjury, that they have not been employed for more than 40 hours during the 60-day period ending on the date they begin their employment; and (3) not be hired to replace another employee unless such employee separated from employment voluntarily or for cause.

Tracking Information

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Title

Job Creation Tax Credit Act of 2011

Sponsors


History

DateChamberAction
2011-06-23SenateRead twice and referred to the Committee on Finance.
2011-06-23SenateSponsor introductory remarks on measure. (CR S4100-4101)

Subjects


US Congress State Sources


Bill Comments

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