A bill to amend the Internal Revenue Code of 1986 to include foster care transition youth as members of a targeted group for purposes of the work opportunity credit.
Improved Employment Outcomes for Foster Youth Act of 2016
This bill amends the Internal Revenue Code to expand the Work Opportunity Tax Credit (WOTC) to include the hiring of qualified foster care transition youth.
(The WOTC permits employers who hire individuals who are members of a targeted group [e.g., qualified veterans, ex-felons, SSI recipients] to claim a tax credit equal to a portion of the wages paid to those individuals.)
A "qualified foster care transition youth" is any individual who is certified by the designated local agency as: (1) not having attained age 27 as of the hiring date, and (2) as having been in foster care after attaining the younger of age 16 or the age specified in provisions of the Social Security Act related to the John H. Chafee Foster Care Independence Program.
Referred to the House Committee on Ways and Means.
Referred to the House Committee on Energy and Commerce.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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