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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10423 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 10423
To amend the Internal Revenue Code of 1986 to allow the work
opportunity tax credit for hiring displaced disaster victims.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 16, 2024
Ms. Crockett (for herself, Mr. Moskowitz, and Mr. Edwards) 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 the work
opportunity tax credit for hiring displaced disaster victims.
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 ``Helping Increase Realtime Employment
for Communities Recovering from Emergency Disasters for Interim Time
Act'' or as the ``HIRE CREDIT Act''.
SEC. 2. WORK OPPORTUNITY TAX CREDIT FOR HIRING DISPLACED DISASTER
VICTIMS.
(a) In General.--Section 51(d) of the Internal Revenue Code of 1986
is amended by striking ``or'' at the end of subparagraph (I), by
striking the period at the end of subparagraph (J) and inserting ``,
or'', and by adding at the end the following new subparagraph:
``(K) a displaced disaster victim.''.
(b) Displaced Disaster Victim.--Section 51(d) of such Code is
amended by adding at the end the following new paragraph:
``(16) Displaced disaster victim.--
``(A) In general.--The term `displaced disaster
victim' means any individual who is certified by the
designated local agency--
``(i) as having a principal residence (as
defined in section 1033(h)(4)) in a qualified
disaster zone which was rendered uninhabitable
as a result of the qualified disaster with
respect to such qualified disaster zone,
``(ii) as being employed (immediately prior
to the incident period with respect to such
qualified disaster) at a location in such
qualified disaster zone which was rendered
inoperable as a result of such qualified
disaster, and
``(iii) as being in a period of
unemployment.
``(B) Temporary status.--The term `displaced
disaster victim' shall not include any individual
unless the hiring date with respect to such individual
is before the date which is 1 year after the last day
of the incident period with respect to the qualified
disaster referred to in subparagraph (A).
``(C) Exclusion of full-time employment outside of
qualified disaster zone.--If the principal place of
employment by the taxpayer of any displaced disaster
victim is outside of the qualified disaster zone with
respect to such individual, the term `qualified wages'
shall not include any amount paid or incurred by such
employer as compensation for the services of such
individual with respect to any calendar week if such
individual provided 30 or more hours of services to
such employer during such week.
``(D) Qualified disaster zone.--The term `qualified
disaster zone' means any area--
``(i) with respect to which a major
disaster was declared, on or after January 1,
2024, by the President under section 401 of the
Robert T. Stafford Disaster Relief and
Emergency Assistance Act, and
``(ii) which was determined by the
President, on or after January 1, 2024, to
warrant individual or individual and public
assistance from the Federal Government under
the Robert T. Stafford Disaster Relief and
Emergency Assistance Act by reason of the
qualified disaster with respect to such
disaster area.
``(E) Qualified disaster.--The term `qualified
disaster' means, with respect to any qualified disaster
zone, the disaster by reason of which a major disaster
was declared with respect to such area.
``(F) Incident period.--The term `incident period'
means, with respect to any qualified disaster, the
period specified by the Federal Emergency Management
Agency as the period during which such disaster
occurred (except that for purposes of this paragraph
such period shall not be treated as beginning before
January 1, 2024).''.
(c) Effective Date.--The amendments made by this section shall
apply to individuals who begin work for the employer on or after
January 1, 2024.
(d) Transition Rules.--In the case of any qualified disaster the
incident period of which ends before the date of the enactment of this
Act--
(1) section 51(d)(16)(B) of the Internal Revenue Code of
1986 shall be applied by substituting ``the date of the
enactment of this Act'' for ``the last day'' and all that
follows, and
(2) in the case of an individual who begins work for the
employer before the date of the enactment of this Act, section
51(d)(15)(A)(iii) shall be determined with respect to the
period before the date on which such individual so begins such
work.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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