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Bill > S978


US S978

US S978
Work Opportunity Tax Credit and Jobs Act


summary

Introduced
04/02/2019
In Committee
04/02/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to permanently extend the work opportunity credit. This bill permanently extends the work opportunity tax credit. (Under current law, the tax credit expires after 2019.)

AI Summary

This bill permanently extends the Work Opportunity Tax Credit (WOTC), which is a federal tax credit that encourages employers to hire individuals from certain target groups who may face barriers to employment, such as veterans, ex-felons, and individuals receiving government assistance. Under current law, the WOTC was set to expire after 2019, but this bill removes the expiration date, making the credit permanently available to employers.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Read twice and referred to the Committee on Finance. (on 04/02/2019)

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