Bill

Bill > HR5284


US HR5284

US HR5284
To amend the Internal Revenue Code of 1986 to make permanent the work opportunity tax credit and to allow the transfer of such credit in the case of contracted veterans.


summary

Introduced
07/30/2014
In Committee
07/30/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to make permanent the work opportunity tax credit and to allow the transfer of such credit in the case of contracted veterans.

AI Summary

This bill aims to make the Work Opportunity Tax Credit, a tax incentive for employers who hire individuals from certain targeted groups facing employment barriers, a permanent part of the tax code, meaning it will not expire. Additionally, it introduces a new provision allowing employers to transfer this tax credit to another person or entity when they hire veterans who are performing contracted computer services for that other person or entity, effectively enabling the entity receiving the contracted services to benefit from the tax credit.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to the House Committee on Ways and Means. (on 07/30/2014)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...