HIRED Act of 2017

Helpful Incentives to Restore the Economic Dream Act of 2017 or the HIRED Act of 2017

This bill amends the Internal Revenue Code to allow a business-related tax credit for 40% of the first-year wages (up to $6,000) paid to an employee as part of an apprenticeship program registered under the National Apprenticeship Act.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2927 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2927

 To amend the Internal Revenue Code of 1986 to include apprentices as 
members of targeted groups for purposes of the work opportunity credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 15, 2017

  Mr. Messer 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 include apprentices as 
members of targeted groups for purposes of 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. SHORT TITLE.

    This Act may be cited as the ``Helpful Incentives to Restore the 
Economic Dream Act of 2017'' or the ``HIRED Act of 2017''.

SEC. 2. CREDIT FOR FIRST-YEAR WAGES OF APPRENTICES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 45S. FIRST-YEAR WAGES OF APPRENTICES.

    ``(a) In General.--For purposes of section 38, the apprentice 
credit determined under this section for the taxable year is an amount 
equal to 40 percent of the qualified first-year wages for such year.
    ``(b) Qualified First-Year Wages.--For purposes of this section--
            ``(1) First-year wages.--The term `qualified first-year 
        wages' means wages paid or incurred by the taxpayer for 
        services rendered by an employee as part of an apprenticeship 
        programs registered under the Act of August 16, 1937 (commonly 
        known as the `National Apprenticeship Act'), during the 1-year 
        period beginning with the day the individual first renders such 
        services for such employer.
            ``(2) Limitation on wages per year taken into account.--The 
        amount of the qualified first-year wages which may be taken 
        into account with respect to any individual shall not exceed 
        $6,000 per year.
            ``(3) Wages.--The term `wages' has the meaning given such 
        term under section 51(c) applied without regard to paragraph 
        (4) thereof.
    ``(c) Application of Certain Rules.--Rules similar to the rules of 
subsections (f), (g), (i), (j), and (k) of section 51, and section 52, 
shall apply for the purposes of this section.''.
    (b) Conforming Amendments.--
            (1) Section 38(b) of such Code is amended by striking 
        ``plus'' at the end of paragraph (35), by striking the period 
        at the end of paragraph (36), and inserting ``, plus'', and by 
        adding at the end the following new paragraph:
            ``(37) the apprentice credit determined under section 
        45S.''.
            (2) The table of sections for subpart D of part IV of 
        subchapter A of chapter 1 of such Code is amended by adding at 
        the end the following new item:

``Sec. 45S. First-year wages of apprentices.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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