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Bill > S269


US S269

US S269
Work Opportunity Tax Credit and Jobs Act


summary

Introduced
02/08/2021
In Committee
02/08/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to permanently extend the work opportunity credit.

AI Summary

This bill, the Work Opportunity Tax Credit and Jobs Act, proposes to permanently extend the Work Opportunity Tax Credit (WOTC). The WOTC is a federal tax credit that employers can claim for hiring individuals from certain target groups, such as veterans, ex-felons, and long-term unemployment recipients. By making the WOTC permanent, this bill aims to encourage employers to continue hiring from these groups and provide more job opportunities.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Read twice and referred to the Committee on Finance. (on 02/08/2021)

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