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Work Opportunity Tax Credit and Jobs Act

S. 269 · 117th Congress · Feb 8, 2021 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to permanently extend the work opportunity credit.

Section 1 Short title

This Act may be cited as the “Work Opportunity Tax Credit and Jobs Act”.

Sec. 2 Work opportunity credit made permanent

(a)
In general— Section 51(c) of the Internal Revenue Code of 1986 is amended by striking paragraphs (4) and (5).
(b)
Effective date— The amendments made by this section shall apply to individuals who begin work for the employer after December 31, 2020.