HR 4179
111th Congress
House
Taxation
Employee benefits and pensions
Income tax credits
Wages and earnings
SHARE Credit Act of 2009
Introduced: December 2, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2009
Referred to the House Committee on Ways and Means.
Dec 2, 2009
Introduced in House
Plain-English summary
Shortening Hours and Retaining Employees Credit Act of 2009 or the SHARE Credit Act of 2009 - Amends the Internal Revenue Code to allow employers a refundable tax credit for wage subsidies paid to employees whose hours are reduced in accordance with a qualified work share program (i.e., a written employer plan under which employees work fewer hours without a reduction in pay). Limits the amount of such credit to the lesser of $3,000 per employee or 10% of the wages for periods in which an employee's hours are reduced under a work share program.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1