Improve and Enhance the Work Opportunity Tax Credit Act
House Bill Would Extend and Expand Work Opportunity Tax Credit Through 2030
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Extends this hiring tax credit for employers through 2030, instead of ending in 2025.
- Raises the main credit for many hires to 50% of the first $6,000 in wages, and adds extra credit when a worker stays at least 400 hours.
- Adjusts key dollar limits for inflation starting after 2025, so the wage caps can rise over time.
- Expands who can qualify: removes the upper age limit for people receiving food assistance benefits, and adds military spouses as an eligible group.
- Directs Treasury, Commerce, Labor, and the Small Business Administration to encourage employers in key industries to use the credit when hiring targeted workers.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articlesBipartisan Group Pushes for Work Credit Extension, Enhancement
Lawmakers introduced the bipartisan Improve and Enhance the Work Opportunity Tax Credit (WOTC) Act to extend the credit through 2030. The legislation would increase the credit from 40% to 50% of qualified wages and index the credit to inflation to support an estimated 480,000 new jobs.
Work Opportunity Tax Credit Is US Labor Strategy's Missing Piece
The bipartisan Improve and Enhance the Work Opportunity Tax Credit Act seeks to update the WOTC by aligning it with the current economic climate. Reforms would increase the credit's value and expand eligibility to help employers hire from underserved populations and reduce government reliance.
Cassidy Updates Bill to Help Veterans, Military Spouses Rejoin the Workforce
Senator Bill Cassidy introduced an updated version of the Improve and Enhance the Work Opportunity Tax Credit Act. The bill extends eligibility to military spouses, includes a 5-year extension through 2030, and indexes the credit to inflation to prevent value erosion.
Source Information
Document Type
Congressional Bill
Official Title
Improve and Enhance the Work Opportunity Tax Credit Act
Data Sources
Sponsor
Cosponsors
(16)Analysis generated by AI. Always verify with official sources.