To amend the Internal Revenue Code of 1986 to allow employers a tax credit for hiring displaced homemakers.

Amends the Internal Revenue Code to qualify employment of displaced homemakers for the targeted jobs income tax credit. Defines "displaced homemaker" as an individual who: (1) has not worked in the labor force for the five-year period ending on the hiring date but has, during such period, worked in the home providing unpaid services for family members; and (2) has been dependent on public assistance or on the income of another family member but is no longer supported by that income or is receiving public assistance on account of dependent children in the home.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 263 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 263

  To amend the Internal Revenue Code of 1986 to allow employers a tax 
                credit for hiring displaced homemakers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2005

Mr. Bilirakis introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to allow employers a tax 
                credit for hiring displaced homemakers.

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

SECTION 1. DISPLACED HOMEMAKERS ESTABLISHED AS A TARGETED GROUP FOR 
              PURPOSES OF COMPUTING THE CREDIT FOR EMPLOYMENT OF 
              CERTAIN NEW EMPLOYEES.

    (a) General Rule.--Paragraph (1) of section 51(d) of the Internal 
Revenue Code of 1986 (relating to members of targeted groups) is 
amended by striking ``or'' at the end of subparagraph (G), by striking 
the period at the end of subparagraph (H) and inserting ``, or'', and 
by adding at the end the following new subparagraph:
                    ``(I) a displaced homemaker.''.
    (b) Displaced Homemaker Defined.--Section 51(d) of such Code 
(relating to members of targeted groups) is amended by redesignating 
paragraphs (10), (11), and (12) as paragraphs (11), (12), and (13), 
respectively, and by inserting after paragraph (9) the following new 
paragraph:
            ``(10) Displaced homemaker.--The term `displaced homemaker' 
        means an individual who--
                    ``(A) has not worked in the labor force for the 5-
                year period ending on the hiring date but has, during 
                such period, worked in the home providing unpaid 
                services for family members, and
                    ``(B)(i) has been dependent on public assistance or 
                on the income of another family member but is no longer 
                supported by that income, or
                    ``(ii) is receiving public assistance on account of 
                dependent children in the home.''.
    (c) Termination not to Apply.--Paragraph (4) of section 51(c) of 
such Code (relating to termination) is amended by adding at the end 
thereof the following flush sentence:
 ``The preceding sentence shall not apply in the case of any displaced 
homemaker.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of enactment of this 
Act to individuals who begin work for the employer after such date.
                                 <all>