HIRE CREDIT Act

Hozzl · 2025-03-22T05:53:24Z

Explore the details of House Bill 1914 HIRE CREDIT Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/22/2025, 5:53 AM

Summary of Bill HR 1914

Bill 119 HR 1914, also known as the "Displaced Disaster Victims Work Opportunity Tax Credit Act," aims to amend the Internal Revenue Code of 1986 to provide a tax credit for businesses that hire individuals who have been displaced by natural disasters.

The bill specifically focuses on providing a work opportunity tax credit for employers who hire individuals who have been affected by disasters such as hurricanes, wildfires, floods, or other catastrophic events. This tax credit is designed to incentivize businesses to hire these individuals, who may be facing challenges in finding employment due to the impact of the disaster on their communities.

The tax credit provided by this bill would help offset the costs associated with hiring and training displaced disaster victims, making it more financially feasible for businesses to provide these individuals with job opportunities. By encouraging businesses to hire individuals who have been affected by disasters, the bill aims to support the economic recovery of communities that have been devastated by natural disasters. Overall, Bill 119 HR 1914 seeks to provide assistance to displaced disaster victims by incentivizing businesses to hire them through the work opportunity tax credit. This legislation aims to support both the individuals who have been impacted by disasters and the communities that are working to rebuild and recover in the aftermath of these catastrophic events.

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Current Status of Bill HR 1914

Bill HR 1914 is currently in the status of Bill Introduced since March 6, 2025. Bill HR 1914 was introduced during Congress 119 and was introduced to the House on March 6, 2025. Bill HR 1914's most recent activity was Referred to the House Committee on Ways and Means. as of March 6, 2025

Bipartisan Support of Bill HR 1914

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 1914

Primary Policy Focus

Alternate Title(s) of Bill HR 1914

To amend the Internal Revenue Code of 1986 to allow the work opportunity tax credit for hiring displaced disaster victims.To amend the Internal Revenue Code of 1986 to allow the work opportunity tax credit for hiring displaced disaster victims.

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Comments

Sponsors and Cosponsors of HR 1914

Jared Moskowitz

Florida(Democrat)

Judy Chu

California(Democrat)

Latest Bills

HIRE CREDIT Act

Summary of Bill HR 1914

Read the Full Bill

Current Status of Bill HR 1914

Bipartisan Support of Bill HR 1914

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 1914

Primary Policy Focus

Alternate Title(s) of Bill HR 1914

Comments

Sponsors and Cosponsors of HR 1914

Jared Moskowitz

Judy Chu

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