Bill · S. 492· Senate(119-S-492)
Improve and Enhance the Work Opportunity Tax Credit Act
- Introduced
- 2/10/2025
- Last activity
- 2/10/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bill Cassidy
- Cosponsors
- - 0 - 3
- Introduced
- In Committee
What this bill would do
This bill, titled the "Improve and Enhance the Work Opportunity Tax Credit Act," aims to amend the Internal Revenue Code of 1986. The legislation seeks to improve the work opportunity tax credit to encourage longer-service employment and modernize it as a hiring incentive. It proposes changes to how the credit is calculated based on wages and hours of service. The bill also adjusts wage limits for specific groups of veterans. Additionally, it removes an age limit for certain recipients of the Supplemental Nutrition Assistance Program.
Yes· 3 of 5
Would veterans be better off under this, taking everything together?+4
The bill specifically increases the wage limits taken into account for various qualified veterans.
Does this increase the pay, pensions or support veterans receive?+4
The bill increases the wage limits used to calculate tax credits for qualified veterans.
Would households on low incomes be better off under this?+3
The bill expands the pool of qualified individuals by removing age limits for certain assistance recipients.
The opposite
Would people in their twenties and thirties be better off under this?-2
The bill introduces a cap on qualified wages for summer youth employees which may reduce their credit amount.
Who it would affect, and how
Potential Positive Impacts for People
-
Encouraging Longer-Service Employment: By providing a higher credit amount for individuals who have performed at least 400 hours of service, the bill creates a mechanism to reward staying with an employer longer. (Section 2(a)(1))
-
Increased Benefits for Veterans: The bill increases the wage limits taken into account for various qualified veterans, providing higher potential credit amounts for these individuals. (Section 2(b))
-
Enhanced Support for Family Assistance Recipients: The bill changes how the credit is determined for these recipients, including a provision for 50 percent of qualified second-year wages up to $10,000. (Section 2(e)(1))
-
Expanded Eligibility for Nutrition Assistance Recipients: By striking the age limit of 40, the bill expands the group of qualified Supplemental Nutrition Assistance Program benefit recipients eligible for the credit. (Section 3(a))
Potential Negative Impacts for People
- Reduced Credit for Summer Youth Employees: The bill introduces specific rules that may limit the amount of qualified first-year wages taken into account for summer youth employees to a maximum of $3,000 per year. (Section 2(d)(4))
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+4Good For Low Income Households+3Good For Young Adults-2
- National Security And Foreign Policy
- Improves Veterans Benefits+4
- Economy And Finance
- Increases Job Creation+3
- Social Issues And Justice
- Improves Poverty Reduction+2
- 8/5/2026
- 1 Cosponsor added.
- 3/17/2026
- 1 Cosponsor added.
- 2/10/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Christopher CoonsDemocrat · Delaware
Maggie HassanDemocrat · New Hampshire
Ben LujánDemocrat · New Mexico