To amend the Internal Revenue Code of 1986 to make certain adjustments to the work opportunity credit to modernize the credit and make it more effective as a hiring incentive, and for other purposes.
Hiring Incentive to Return Employment Act of 2021 or the HIRE Act of 2021
This bill increases the rate of the work opportunity tax credit from 40% to 50% of wages paid to members of the targeted groups eligible for such credit over a two-year period. It also increases to $10,000 the amount of wages taken into account for purposes of the credit.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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