Improve and Enhance the Work Opportunity Tax Credit Act

House Bill 6833 - Improve and Enhance the Work Opportunity Tax Credit Act: Overview, Status, and Impact

Hozzl · 2024-01-26T08:15:29Z

Explore the details of House Bill 6833 Improve and Enhance the Work Opportunity Tax Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/26/2024, 8:15 AM

Congressional Summary of HR 6833

Improve and Enhance the Work Opportunity Tax Credit Act

This bill increases the rate and wage limits of the work opportunity tax credit for certain targeted workers, including qualified veterans, summer youth employees, and long-term family assistance recipients.

The bill also eliminates the age limit (i.e., 40) for receipt of Supplement Nutrition Assistance Program (SNAP) benefits.

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Current Status of Bill HR 6833

Bill HR 6833 is currently in the status of Bill Introduced since December 14, 2023. Bill HR 6833 was introduced during Congress 118 and was introduced to the House on December 14, 2023. Bill HR 6833's most recent activity was Referred to the House Committee on Ways and Means. as of December 14, 2023

Bipartisan Support of Bill HR 6833

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6833

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6833

Improve and Enhance the Work Opportunity Tax Credit Act

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.