To amend the Internal Revenue Code of 1986 to improve and enhance the work opportunity tax credit, to encourage longer-service employment, and to modernize the credit to make it more effective as a hiring incentive for targeted workers, and for other purposes.

Referred to the House Committee on Ways and Means.

Bill 119 hr 1177 aims to make changes to the Internal Revenue Code of 1986 in order to enhance the work opportunity tax credit. The goal of the bill is to encourage employers to hire and retain workers for longer periods of time, particularly those who may face barriers to employment.

The bill seeks to modernize the work opportunity tax credit in order to make it a more effective incentive for employers to hire targeted workers. This includes individuals who may have difficulty finding employment, such as veterans, individuals with disabilities, and those who have been unemployed for an extended period of time.

By improving and enhancing the work opportunity tax credit, the bill aims to create more opportunities for these targeted workers to secure employment and gain valuable work experience. This, in turn, can help to reduce unemployment rates and strengthen the overall economy. Overall, Bill 119 hr 1177 is focused on making the work opportunity tax credit a more effective tool for incentivizing employers to hire and retain workers who may face barriers to employment.