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Bill PDFBillno should always have and extension i.e. h1.ih

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Congressional Record References

Bill Summary & Status

HR 3784 IH

To amend the Internal Revenue Code of 1986 to expand the work opportunity tax credit and increase the employer-provided child care credit.

October 8, 2009

Mr. ROONEY (for himself and Mr. BOCCIERI) introduced the following bill; which was referred to the Committee on Ways and Means

To amend the Internal Revenue Code of 1986 to expand the work opportunity tax credit and increase the employer-provided child care credit.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Helping Invigorate and Revive our Economy Act of 2009' or the `HIRE America Act'.

SEC. 2. MODIFICATION OF WORK OPPORTUNITY TAX CREDIT.

(a) Increase in Credit Rate and Expansion of Credit to All Individuals-

(1) IN GENERAL- Subsection (a) of section 51 of the Internal Revenue Code of 1986 is amended--

(A) by striking `40 percent' and inserting `the applicable percentage',

(B) by striking `For purposes of' and inserting the following:

`(1) IN GENERAL- For purposes of', and

(C) by adding at the end the following new paragraph:

`(2) APPLICABLE PERCENTAGE- For purposes of paragraph (1), the term `applicable percentage' means--

`(A) in the case of wages paid to individuals who are members of a targeted group, 50 percent, and

`(B) in the case of wages paid to individuals who are not members of a targeted group, 30 percent.'.

(2) CREDIT RATE FOR INDIVIDUALS PERFORMING FEWER THAN 400 HOURS OF SERVICE- Subparagraph (A) of section 51(i)(3) of such Code is amended by striking `subsection (a) shall be applied' and all that follows and inserting `subsection (a)(2) shall be applied by substituting `35 percent' for `50 percent' and `30 percent' for `15 percent'.'

(3) CONFORMING AMENDMENT- Paragraph (1) of section 51(b) of such Code is amended by striking `who are members of a targeted group'.

(b) Increased Limitation on Wages Taken Into Account for Disabled Veterans- Paragraph (3) of section 51(b) of such Code is amended by striking `$12,000' and inserting `$16,000'.

(c) Increased Limitation on Wages Taken Into Account for Qualified Summer Youth Employees- Clause (ii) of section 51(d)(7)(B) of such Code is amended by striking `$3,000' and inserting `$5,000'.

(d) Made Permanent- Subsection (c) of section 51 of such Code is amended by striking paragraph (4).

(e) Effective Date- The amendments made by this section shall apply to individuals who begin work for the employer after the date of the enactment of this Act.

SEC. 3. INCREASED EMPLOYER-PROVIDED CHILD CARE CREDIT.

(a) In General- Subsection (a) of section 45F of the Internal Revenue Code of 1986 is amended--

(1) by striking `25 percent' in paragraph (1) and inserting `35 percent', and

(2) by striking `10 percent' in paragraph (2) and inserting `20 percent'.

(b) Effective Date- The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

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