Bill · H.R. 1914· House(119-HR-1914)
HIRE CREDIT Act
- Introduced
- 3/6/2025
- Last activity
- 3/6/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Jasmine Crockett
- Cosponsors
- - 2 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "HIRE CREDIT Act," seeks to amend the Internal Revenue Code of 1986. The purpose is to allow the work opportunity tax credit for the hiring of displaced disaster victims. A displaced disaster victim is defined as an individual whose principal residence was in a qualified disaster zone rendered uninhabitable and who was employed at a location in that zone rendered inoperable prior to the disaster. These individuals must also be in a period of unemployment. The bill establishes specific definitions for qualified disaster zones and incident periods.
Yes· 3 of 9
Does this cut taxes for small businesses?+5
The bill provides a tax credit incentive for businesses to hire displaced disaster victims.
Would households on low incomes be better off under this?+5
The bill targets individuals who have lost their livelihoods due to disasters, aiding their economic recovery.
Is this likely to create jobs?+4
The tax credit encourages employers to hire individuals displaced by disasters, potentially increasing employment rates in affected areas.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax credits for employers hiring disaster victims: Under Section 2(a), the bill amends the Internal Revenue Code to include "a displaced disaster victim" as an eligible group for the work opportunity tax credit. This provides a financial incentive for employers to hire people displaced by disasters.
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Support for individuals with uninhabitable homes: Section 2(b)(A)(i) identifies victims as those having a principal residence in a qualified disaster zone that was rendered uninhabitable. This targets relief toward people who have lost their housing due to a qualified disaster.
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Support for those who lost their place of employment: Section 2(b)(A)(ii) includes individuals who were employed at a location in a qualified disaster zone that was rendered inoperable. This assists those who lost their jobs due to the disaster.
Potential Negative Impacts for People
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Restrictions on wages for remote or outside work: According to Section 2(b)(C), if the employer's principal place of employment is outside the qualified disaster zone, the "qualified wages" do not include compensation for any week where the individual provided 30 or more hours of service. This could limit the tax credit benefits for certain types of employment.
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Time limits on eligibility: Section 2(b)(B) states that a displaced disaster victim's status does not include individuals whose hiring date is more than 1 year after the last day of the incident period for the qualified disaster. This creates a deadline for when the credit can be utilized.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Small Business Taxes+5Increases Job Creation+4Improves Small Business Support+3Improves Economic Growth+2
- Demographic And Interest Groups
- Good For Low Income Households+5Good For Business Owners+4
- Social Issues And Justice
- Improves Poverty Reduction+3Reduces Homelessness+2
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+4
- 3/6/2025
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
Judy ChuDemocrat · California
Chuck EdwardsRepublican · North Carolina
Jared MoskowitzDemocrat · Florida