Bill
Bill > HR5284
US HR5284
US HR5284To 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
07/30/2014
In Committee
07/30/2014
07/30/2014
Crossed Over
Passed
Dead
01/03/2015
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/113th-congress/house-bill/5284/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113hr5284ih/pdf/BILLS-113hr5284ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113hr5284ih/pdf/BILLS-113hr5284ih.pdf.pdf |
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