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HR 3198 114th Congress House Taxation Employee hiring Income tax credits Small business Tax-exempt organizations Unemployment Wages and earnings

Small Business Jobs Act of 2015

Introduced: July 23, 2015 Introduced by: Aguilar, Pete Democratic · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 2015
Referred to the House Committee on Ways and Means.
Jul 23, 2015
Introduced in House
 Plain-English summary Congressional Research Service

Small Business Jobs Act of 2015

This bill amends the Internal Revenue Code to allow a qualified small employer a business-related tax credit for the cost of hiring up to 5 new employees who work for such employer, on average, at least 30 hours per week. The bill defines "qualified small employer" as an employer who: (1) has a place of business in a county with an annual unemployment rate that is at least 1% greater than the national rate for the preceding calendar year; and (2) did not employ fewer than 2, or more than 100, employees in the preceding calendar year. The bill allows an employer who is a tax-exempt organization to claim such credit. The credit is not available for wages paid after December 31, 2017.

What's happening now July 23, 2015

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1