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S 2983 111th Congress Senate

Hire Now Tax Cut Act of 2010

Official title: A bill to amend the Internal Revenue Code of 1986 to provide an exemption from employer social security taxes with respect to previously unemployed individuals… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide an exemption from employer social security taxes with respect to previously unemployed individuals, and to provide a credit for the retention of such individuals for at least 1 year.

Introduced: February 4, 2010 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Employment taxesGovernment trust fundsIncome tax creditsSocial security and elderly assistance
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Social work, volunteer service, charitable organizationsUnemploymentWages and earnings
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 2010
Read twice and referred to the Committee on Finance.
Feb 4, 2010
Introduced in Senate
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 Latest action February 4, 2010

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Hire Now Tax Cut Act of 2010 - Amends the Internal Revenue Code to: (1) exempt for-profit and nonprofit employers from social security taxes in 2010 for new employees who are hired after February 3, 2010, and before January 1, 2011, and who certify that they have not worked more than 40 hours during the last 60 days; and (2) allow an increase in the general business tax credit for the retention of such employees for at least one year at specified wage levels.

Appropriates to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund under title II of the Social Security Act amounts necessary to cover any reduction in revenues resulting from the tax exemptions provided by this Act.

 Related & companion bills 3
  • HR 4633 Related bill Back to Work Act of 2010
  • HR 4777 Related bill To amend the Internal Revenue Code of 1986 to provide an exemption for employer payroll taxes during 2010 for wages wit…
  • HR 6152 Related bill Back to Work Extension Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2983: Hire Now Tax Cut Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-S-2983/
MLA
"S. 2983: Hire Now Tax Cut Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2983/.
Bluebook (legal)
S. 2983, 111th Cong. (2026), https://openamerica.io/bill/111-S-2983/.
Markdown link
[S. 2983: Hire Now Tax Cut Act of 2010](https://openamerica.io/bill/111-S-2983/)
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