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S 1785 112th Congress Senate Taxation Employee hiring Employment taxes Higher education Income tax credits Social security and elderly assistance Tax-exempt organizations U.S. territories and protectorates Unemployment Wages and earnings

Back to Work Tax Credit

Introduced: November 2, 2011 Introduced by: Blumenthal, Richard Democratic · Connecticut See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 2, 2011
Read twice and referred to the Committee on Finance.
Nov 2, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Back to Work Tax Credit - Amends the Internal Revenue Code to allow an increased work opportunity tax credit for the hiring of a qualified long-term unemployed individual. Defines "qualified long-term unemployed individual" as any individual who was not a student for at least six months during the one-year period ending on the hiring date and is certified as having aggregate periods of unemployment during the one-year period ending on the hiring date which equal or exceed six months. Allows tax-exempt charitable organizations or public institutions of higher education to claim the lesser of the amount of the work opportunity credit or the amount of payroll taxes paid during the calendar year for hiring qualified long-term unemployed individuals.

What's happening now November 2, 2011

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1