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HR 3781 113th Congress House Taxation Employee hiring Income tax credits Small business Unemployment Wages and earnings

American Unemployed Worker Investment Act of 2013

Introduced: December 16, 2013 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 16, 2013
Referred to the House Committee on Ways and Means.
Dec 16, 2013
Introduced in House
 Plain-English summary Congressional Research Service

American Unemployed Worker Investment Act of 2013 - Amends the Internal Revenue Code to allow a small business employer (i.e., an employer that employs more than 10 but fewer than 25 full-time employees throughout the taxable year) a work opportunity tax credit for hiring a qualified unemployment compensation recipient. Allows the first $10,000 of wages paid to such a recipient to be taken in account for purposes of such credit.

Defines "qualified unemployment compensation recipient" as any individual who is certified as: (1) not being a student for at least six months during the one-year period ending on the hiring date, (2) being in receipt of unemployment compensation on the hiring date, and (3) having a hiring date during the two-year period which begins on the enactment of this Act.

Denies such credit unless: (1) the qualified unemployment compensation recipient is employed for not less than 35 hours per week for not less than 1 year, and (2) the number of full-time employees of the employer receiving such credit is increased by 1 for at least 1 year.

What's happening now December 16, 2013

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1