Search Results for keywords:"work opportunity tax credit"

Search Results: keywords:"work opportunity tax credit"

H. R. 10146 — To amend the Internal Revenue Code of 1986 to allow the work opportunity credit to small businesses which hire individuals who are members of the Ready Reserve or National Guard, and for other purposes.
November 15, 2024
Status:Introduced in House
Congress:118
Words:1,039
The bill H.R. 10146, titled the "Hire A Hero Act of 2024," aims to amend the Internal Revenue Code of 1986 to provide a work opportunity tax credit to small businesses that hire individuals who are members of the Ready Reserve or National Guard. It ensures that employers can...
Simple Explanation
The bill wants to give small businesses a reward (like a coupon) when they hire people from special groups like the Ready Reserve or National Guard, saying they can always get this reward for hiring these special helpers.
H. R. 9993 — To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment and operation of small food retail businesses in areas with high food retail concentration and low levels of competition.
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October 15, 2024
Status:Introduced in House
Congress:118
Words:1,645
H.R. 9993, also known as the "REDUCE Food Prices Act," aims to amend the Internal Revenue Code to offer tax incentives for small food retail businesses. It provides increased tax credits and deductions for these businesses if they operate in areas with high food retail concentration but low...
Simple Explanation
H.R. 9993, the "REDUCE Food Prices Act," is like giving small grocery store owners special money bonuses to help them start and grow their stores in places where there aren't many other stores, helping more people find places to shop for food nearby.
H. R. 6833 — To amend the Internal Revenue Code of 1986 to improve and enhance the work opportunity tax credit, to encourage longer-service employment, and to modernize the credit to make it more effective as a hiring incentive for targeted workers, and for other purposes.
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December 14, 2023
Status:Introduced in House
Congress:118
Words:1,146
H.R. 6833 seeks to revise the Internal Revenue Code to enhance the work opportunity tax credit, which aims to provide incentives for hiring specific groups of people. The bill proposes to increase the percentage of wages that can be claimed for this credit, especially for people who work...
Simple Explanation
The bill wants to change how businesses get rewards for hiring certain people, like veterans or those getting special help, by giving them more money back if they do. It's like saying, "If you hire someone who really needs a job and they work longer, you get a bigger thank you from the government."
S. 5120 — To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment of grocery stores in certain underserved areas.
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September 19, 2024
Status:Introduced in Senate
Congress:118
Words:2,485
S. 5120, also called the “Fresh Food Act,” proposes changes to the Internal Revenue Code to offer tax incentives aimed at encouraging the establishment of grocery stores in underserved areas. The bill introduces tax credits for businesses that operate new grocery stores in...
Simple Explanation
The "Fresh Food Act" wants to help build grocery stores where people can't find fresh food, by giving them big savings on taxes to make it easier to pay for workers and fresh items like fruits and meats.
S. 5370 — To amend the Internal Revenue Code of 1986 to improve and enhance the work opportunity tax credit, to encourage longer-service employment, and to modernize the credit to make it more effective as a hiring incentive for targeted workers, and for other purposes.
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November 21, 2024
Status:Introduced in Senate
Congress:118
Words:1,134
The bill, S. 5370, aims to update the Internal Revenue Code to improve the work opportunity tax credit, which businesses can use to lower their taxes if they hire targeted employees. It proposes increasing the percentage of first-year wages that can be claimed, especially for...
Simple Explanation
The bill is like a plan to help people get more jobs by giving businesses a bigger reward when they hire certain groups of people, like veterans or those getting food help. It also wants to help people stay in their jobs for longer to earn even more rewards, starting from the year 2025.
H. R. 9914 — To amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment of grocery stores in certain underserved areas.
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October 04, 2024
Status:Introduced in House
Congress:118
Words:2,386
H.R. 9914, known as the “Fresh Food Act,” seeks to amend the Internal Revenue Code of 1986 to provide tax incentives for opening grocery stores in underserved areas. The bill introduces tax credits for businesses that employ individuals and sell fresh produce, meat, and dairy in these areas....
Simple Explanation
H.R. 9914, the "Fresh Food Act," is a plan to help more grocery stores open in places that don't have many, by giving money back to the owners through special tax breaks if they sell fresh fruits, vegetables, meat, and milk. This means people in those areas can get healthier food more easily, and it can also create new jobs.

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