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Reignite Hope Act of 2023

USA118th CongressHR-4520| House 
| Updated: 7/10/2023
John James

John James

Republican Representative

Michigan

Cosponsors (3)
Juan Ciscomani (Republican)Michael Lawler (Republican)Lori Chavez-DeRemer (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Reignite Hope Act of 2023 This bill establishes a tax credit for the hiring of critical employees and makes permanent certain expiring provisions that increase the child tax credit. Specifically, the bill allows a $3,500 tax credit for the hiring of a critical employee. The bill defines critical employee as a healthcare professional, a law enforcement officer, member of a rescue squad or ambulance crew, a firefighter, an eligible child care provider, or a personal or home care aide. The employer of these professionals must certify that they worked full-time for not less than 75% of the taxable year in their professional capacity and that their primary place of employment for the majority of hours worked during the year is located in a qualified opportunity zone.
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Timeline
Jul 10, 2023
Introduced in House
Jul 10, 2023
Referred to the House Committee on Ways and Means.
  • July 10, 2023
    Introduced in House


  • July 10, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Reignite Hope Act of 2023

USA118th CongressHR-4520| House 
| Updated: 7/10/2023
Reignite Hope Act of 2023 This bill establishes a tax credit for the hiring of critical employees and makes permanent certain expiring provisions that increase the child tax credit. Specifically, the bill allows a $3,500 tax credit for the hiring of a critical employee. The bill defines critical employee as a healthcare professional, a law enforcement officer, member of a rescue squad or ambulance crew, a firefighter, an eligible child care provider, or a personal or home care aide. The employer of these professionals must certify that they worked full-time for not less than 75% of the taxable year in their professional capacity and that their primary place of employment for the majority of hours worked during the year is located in a qualified opportunity zone.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 10, 2023
Introduced in House
Jul 10, 2023
Referred to the House Committee on Ways and Means.
  • July 10, 2023
    Introduced in House


  • July 10, 2023
    Referred to the House Committee on Ways and Means.
John James

John James

Republican Representative

Michigan

Cosponsors (3)
Juan Ciscomani (Republican)Michael Lawler (Republican)Lori Chavez-DeRemer (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted