113 HR 3726 IH: Long-Term Unemployed Hiring Incentive Act U.S. House of Representatives 2013-12-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I113th CONGRESS1st SessionH. R. 3726IN THE HOUSE OF REPRESENTATIVESDecember 12, 2013Mr. Pascrell (for himself, Mr. Reed, Mr. Runyan, and Mr. Lowenthal) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to allow the work opportunity credit for hiring the long-term unemployed.

1.

Short title

This Act may be cited as the Long-Term Unemployed Hiring Incentive Act.

2.

Work opportunity tax credit for long-term unemployed

(a)

Long-Term unemployed individuals eligible

(1)

In general

Paragraph (1) of section 51(d) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting , or, and by adding at the end the following new subparagraph:(J)a qualified long-term unemployed individual..(2)

Definition

Subsection (d) of section 51 of such Code is amended by redesignating paragraphs (11) through (14) as paragraphs (12) through (15), respectively, and by inserting after paragraph (10) the following new paragraph:(11)

Qualified long-term unemployed individual

(A)

In general

The term qualified long-term unemployed individual means any individual who is certified by the designated local agency as—(i)having exhausted, as of the hiring date, all rights to regular compensation under the State law or under Federal law with respect to a benefit year (excluding any benefit year that ended before May 1, 2007),(ii)having no rights to regular compensation with respect to the most recent week ending before the hiring date under such law or any other State unemployment compensation law or to compensation under any other Federal law, and(iii)not receiving compensation with respect to such week under the unemployment compensation law of Canada.(B)

Exhaustion of benefits

For purposes of subparagraph (A), an individual shall be deemed to have exhausted such individual's rights to regular compensation under a State law when—(i)no payments of regular compensation can be made under such law because such individual has received all regular compensation available to such individual based on employment or wages during such individual's base period, or(ii)such individual's rights to such compensation have been terminated by reason of the expiration of the benefit year with respect to which such rights existed..(b)

Extension of credit for long-Term unemployed

Subparagraph (B) of section 51(c)(4) of the Internal Revenue Code of 1986 is amended by inserting (December 31, 2016, in the case of qualified long-term unemployed individuals) after December 31, 2013.(c)

Effective date

The amendments made by this section shall apply to individuals who begin work for the employer after the date of the enactment of this Act.