Bill · H.R. 1177· House(119-HR-1177)

Improve and Enhance the Work Opportunity Tax Credit Act

Age: 62 years

Pennsylvania

Introduced: 2/10/2025
Last activity: 2/10/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Lloyd Smucker
Cosponsors: - 10 - 7

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the ``Improve and Enhance the Work Opportunity Tax Credit Act'', aims to amend the Internal Revenue Code of 1986. It seeks to modernize the work opportunity tax credit to better incentivize hiring targeted workers and encourage longer-service employment. The legislation changes how the credit is calculated for various groups, including specific veterans and family assistance recipients. It also adjusts how the credit applies to summer youth employees. Additionally, the bill removes the age limit of 40 for qualified Supplemental Nutrition Assistance Program benefits recipients. These changes are intended to apply to individuals who begin work after December 31, 2024.

Yes· 3 of 6

Would veterans be better off under this, taking everything together?+5
The bill significantly increases the wage amounts used to calculate the work opportunity tax credit for certain qualified veterans.
Is this likely to create jobs?+4
The bill enhances hiring incentives through modernized and increased tax credits for various worker categories.
Would households on low incomes be better off under this?+4
The bill expands eligibility for nutrition assistance recipients by removing the age 40 limit and provides better credits for family assistance recipients.

The opposite

Would people in their twenties and thirties be better off under this?-2
The bill implements new caps and adjustments that specifically affect summer youth employees.