H.R. 3449 · 117th Congress
HIRE Act of 2021
- Stage
- In committee
- Sponsor
- Thomas Suozzi
- Introduced
- 2021-05-20
- Latest action
- 2021-05-20 · Introduced in House
Summary
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.