H.R.4178 - American Unemployed Worker Investment Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Lowenthal, Alan S. [D-CA-47] (Introduced 12/03/2015)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 12/03/2015 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.4178 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (12/03/2015)
American Unemployed Worker Investment Act of 2015
This bill amends the Internal Revenue Code to: (1) extend the work opportunity tax credit through 2017; (2) allow a small business employer (i.e., an employer who employs more than 10 but fewer than 25 full-time employees throughout the taxable year) an increased work opportunity tax credit for hiring a qualified unemployment compensation recipient; and (3) allow tax-exempt organizations a work opportunity tax credit for hiring qualified unemployment compensation recipients.
The bill 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.
The bill 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.