To provide for a fair and equitable resolution of claims relating to the work opportunity credit.

Requires the Secretary of the Treasury to issue regulations, not later than July 1, 2005, to provide for the settlement of certain previously-denied employer claims for the work opportunity tax credit which should have been granted consistent with Internal Revenue Service (IRS) Revenue Ruling 2003-112. Directs that such settlement: (1) be national in scope; (2) provide for a fair and equitable resolution of all claims; and (3) rely on statistical sampling on a national level.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1331 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1331

 To provide for a fair and equitable resolution of claims relating to 
                      the work opportunity credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 2005

Mr. Weller (for himself and Mr. Rangel) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To provide for a fair and equitable resolution of claims relating to 
                      the work opportunity credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SETTLEMENT OF EMPLOYER CLAIMS FOR THE WORK OPPORTUNITY 
              CREDIT.

    Not later than July 1, 2005, the Secretary of the Treasury shall 
issue regulations to provide for the settlement of employer claims for 
the work opportunity credit under section 51(d)(2)(A) of the Internal 
Revenue Code of 1986 which previously were not granted but should have 
been granted consistent with Revenue Ruling 2003-112. Such settlement 
shall be national in scope, provide for a fair and equitable resolution 
of such claims, and rely on statistical sampling on a national level.
                                 <all>