Hiring Incentive to Return Employment Act of 2021 or the HIRE Act of 2021 This bill increases the rate of the work opportunity tax credit from 40% to 50% of wages paid to members of the targeted groups eligible for such credit over a two-year period. It also increases to $10,000 the amount of wages taken into account for purposes of the credit.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Employee hiringFood assistance and reliefIncome tax creditsPoverty and welfare assistanceUnemploymentVeterans' education, employment, rehabilitationWages and earningsYouth employment and child labor
HIRE Act of 2021
USA117th CongressHR-3449| House
| Updated: 5/20/2021
Hiring Incentive to Return Employment Act of 2021 or the HIRE Act of 2021 This bill increases the rate of the work opportunity tax credit from 40% to 50% of wages paid to members of the targeted groups eligible for such credit over a two-year period. It also increases to $10,000 the amount of wages taken into account for purposes of the credit.
Employee hiringFood assistance and reliefIncome tax creditsPoverty and welfare assistanceUnemploymentVeterans' education, employment, rehabilitationWages and earningsYouth employment and child labor