To amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit and to provide such credit for hiring long-term unemployed individuals.

Amends the Internal Revenue Code to extend the work opportunity tax credit through 2015 and allow the credit for the hiring of a qualified long-term unemployed individual. Defines "qualified long-term unemployed individual" as any individual who: (1)  is certified as being in receipt of unemployment compensation during the entire 26-week period ending on the date such individual is hired, or (2) would have received unemployment compensation for such period but had exhausted the right to such compensation.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4082 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4082

     To amend the Internal Revenue Code of 1986 to extend the work 
opportunity tax credit and to provide such credit for hiring long-term 
                        unemployed individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 25, 2014

   Mr. Duncan of Tennessee 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 extend the work 
opportunity tax credit and to provide such credit for hiring long-term 
                        unemployed individuals.

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

SECTION 1. EXTENSION OF WORK OPPORTUNITY TAX CREDIT AND PROVISION OF 
              CREDIT FOR HIRING LONG-TERM UNEMPLOYED INDIVIDUALS.

    (a) Extension of Work Opportunity Tax Credit.--Section 51(c)(4)(B) 
of the Internal Revenue Code of 1986 is amended by striking ``December 
31, 2013'' and inserting ``December 31, 2015''.
    (b) Credit Allowed for Hiring Long-Term Unemployed Individuals.--
            (1) In general.--Section 51(d)(1) of the Internal Revenue 
        Code of 1986 is amended by striking ``or'' at the end of 
        subparagraph (H), by striking the period at the end of 
        subparagraph (I) and inserting ``, or'', and by adding at the 
        end the following new subparagraph:
                    ``(J) a qualified long-term unemployed 
                individual.''.
            (2) Qualified long-term unemployed individual.--Section 
        51(d) of such Code is amended by striking paragraph (14), by 
        redesignating paragraphs (11), (12), and (13) as paragraphs 
        (12), (13), and (14), respectively, and by inserting after 
        paragraph (10) the following new paragraph:
            ``(11) Qualified long-term unemployed individual.--The term 
        `qualified long-term unemployed individual' means any 
        individual who is certified by the designated local agency as--
                    ``(A) an individual in receipt of unemployment 
                compensation under State or Federal law during the 
                entire 26-week period ending on the hiring date, or
                    ``(B) an individual unemployed for such period who 
                would have received such compensation for such period 
                but for having exhausted the right to such 
                compensation.''.
            (3) Credit limited to $1,000 for hiring of each long-term 
        unemployed individual.--Section 51(b)(3) of such Code is 
        amended by inserting ``($2,500 in the case of any qualified 
        long-term unemployed individual)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to individuals who begin work for the employer after December 31, 
2013.
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