Bill > HR6833

This bill aims to improve and enhance the Work Opportunity Tax Credit (WOTC), a tax credit that incentivizes employers to hire workers from certain targeted groups. The key provisions of the bill include: 1. Increasing the tax credit rate from 40% to 50% of qualified first-year wages for eligible employees, and providing an additional 50% credit for employees who have worked at least 400 hours. 2. Increasing the wage limits for eligible veterans, allowing for higher tax credits. 3. Removing the age limit for WOTC eligibility for Supplemental Nutrition Assistance Program (SNAP) recipients. 4. Providing special rules for summer youth employees and long-term family assistance recipients, adjusting the credit calculation for these groups. The bill aims to encourage longer-term employment and make the WOTC more effective as a hiring incentive for targeted workers.