3.0.0 2983 2023-01-11T13:16:32Z 2023-01-11T13:16:32Z Senate S S 2010-02-04 111 ssfi00 Finance Committee Senate Standing Referred to 2010-02-04T17:21:54Z Back to Work Act of 2010 111 4633 HR 2010-02-22 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to provide an exemption for employer payroll taxes during 2010 for wages with respect to the employment of new hires and to provide a credit for retaining employees. 111 4777 HR 2010-03-04 Referred to the House Committee on Ways and Means. Related bill CRS Back to Work Extension Act 111 6152 HR 2010-09-16 Referred to the House Committee on Ways and Means. Related bill CRS 2010-02-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-02-04 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2010-02-04 True L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2010-02-22 False Taxation Employment taxes Government trust funds Income tax credits Social security and elderly assistance Social work, volunteer service, charitable organizations Unemployment Wages and earnings Taxation 00 2010-02-04 Introduced in Senate 2010-02-20T17:18:26Z Hire Now Tax Cut Act of 2010 - Amends the Internal Revenue Code to: (1) exempt for-profit and nonprofit employers from social security taxes in 2010 for new employees who are hired after February 3, 2010, and before January 1, 2011, and who certify that they have not worked more than 40 hours during the last 60 days; and (2) allow an increase in the general business tax credit for the retention of such employees for at least one year at specified wage levels.

Appropriates to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund under title II of the Social Security Act amounts necessary to cover any reduction in revenues resulting from the tax exemptions provided by this Act.

]]> Hire Now Tax Cut Act of 2010 Display Title Hire Now Tax Cut Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide an exemption from employer social security taxes with respect to previously unemployed individuals, and to provide a credit for the retention of such individuals for at least 1 year. Introduced in Senate IS Short Titles as Introduced Hire Now Tax Cut Act of 2010 Introduced in Senate 2010-02-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2983is/xml/BILLS-111s2983is.xml 2010-02-04 Read twice and referred to the Committee on Finance. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.