Bill > HR6231

This bill aims to improve and extend the Work Opportunity Tax Credit (WOTC), a federal tax credit that incentivizes employers to hire individuals from certain targeted groups facing employment barriers. The bill extends the WOTC through December 31, 2030, and enhances the credit by increasing the percentage of qualified first-year wages from 40% to 50% for eligible employees who work at least 400 hours. The bill also introduces an annual cost-of-living adjustment for the wage amounts, expands eligibility by removing the age limit for Supplemental Nutrition Assistance Program (SNAP) benefit recipients, and adds military spouses as a new targeted group for the tax credit. Additionally, the bill modifies credit calculations for specific groups like veterans, summer youth employees, and long-term family assistance recipients, with different percentage rates and wage limits. The legislation also requires federal agencies to actively promote the WOTC to business leaders across critical industry sectors such as manufacturing, infrastructure, energy, healthcare, and construction. These changes are designed to encourage longer-term employment and make the tax credit more effective as a hiring incentive for targeted workers.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6231/all-info