I 112th CONGRESS 1st Session H. R. 2709 IN THE HOUSE OF REPRESENTATIVES July 29, 2011 Mr. Tonko introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend the payroll tax relief under the HIRE Act, and for other purposes.

1.

Short title

This Act may be cited as the HIRE Now Act of 2011.

2.

Extension of payroll tax forgiveness for hiring unemployed workers under HIRE Act

(a)

Extension

(1)

In general

Subsection (d) of section 3111 of the Internal Revenue Code of 1986 is amended— (A)by striking with respect to employment during the period beginning on the day after the date of the enactment of this subsection and ending on December 31, 2010, in paragraph (1) and inserting during the applicable period with respect to employment, (B)by striking January 1, 2011 in paragraph (3) and inserting January 1, 2012, (C)by redesignating paragraph (5) as paragraph (6) and by inserting after paragraph (4) the following new paragraph: (5)

Applicable period

For purposes of paragraph (1), the applicable period is— (A)with respect to any qualified individual who begins employment after February 3, 2010, the period beginning after March 18, 2010, and ending on December 31, 2010, and (B)with respect to any qualified individual who begins employment after December 31, 2010, the period beginning on the day after the date of the enactment of this paragraph and ending on December 31, 2011. , and (D)by inserting and 2011 after 2010 in the heading thereof. (2)

Railroad retirement taxes

Subsection (c) of section 3221 of such Code is amended— (A)by striking during the period beginning on the day after the date of the enactment of this subsection and ending on December 31, 2010 in paragraph (1) and inserting during the applicable period, (B)by striking January 1, 2011 in paragraph (3) and inserting January 1, 2012, (C)by redesignating paragraph (5) as paragraph (6) and by inserting after paragraph (4) the following new paragraph: (5)

Applicable period

For purposes of paragraph (1), the applicable period is— (A)with respect to any qualified individual who begins employment after February 3, 2010, the period beginning after March 18, 2010, and ending on December 31, 2010, and (B)with respect to any qualified individual who begins employment after December 31, 2010, the period beginning on the day after the date of the enactment of this paragraph and ending on December 31, 2011. , and (D)by inserting and 2011 after 2010 in the heading thereof. (b)

Transfers to certain funds

Section 101 of the Hiring Incentives to Restore Employment Act is amended— (1)by inserting and section 2(a)(1) of the HIRE Now Act of 2011 after subsection (a) in subsection (c), and (2)by inserting and section 2(a)(2) of the HIRE Now Act of 2011 after paragraph (1) in subsection (d)(2). (c)

Conforming amendment

The heading of section 102 of the Hiring Incentives to Restore Employment Act is amended by inserting and 2011 after 2010. (d)

Effective date

The amendments made by this section shall apply with respect to wages paid with respect to employment after the date of the enactment of this Act.