[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1271 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                S. 1271

   To amend the Internal Revenue Code of 1986 to provide a temporary 
            credit for hiring previously unemployed workers.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 23, 2011

Mr. Whitehouse introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to provide a temporary 
            credit for hiring previously unemployed workers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Job Creation Tax Credit Act of 
2011''.

SEC. 2. JOB CREATION TAX CREDIT.

    (a) In General.--Subpart F of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by inserting after 
section 51 the following new section:

``SEC. 51A. JOB CREATION CREDIT.

    ``(a) Determination of Amount.--For purposes of section 38, the 
amount of the job creation credit determined under this section for the 
taxable year shall be equal to--
            ``(1) 15 percent of the qualified 2011 wages for such year, 
        and
            ``(2) 10 percent of the qualified 2012 wages for such year.
    ``(b) Qualified Wages Defined.--For purposes of this section--
            ``(1) Qualified wages.--The term `qualified wages' means 
        the wages paid or incurred by the employer during the taxable 
        year to qualified individuals.
            ``(2) Qualified 2011 wages.--The term `qualified 2011 
        wages' means, with respect to any individual, qualified wages 
        attributable to service rendered during calendar year 2011.
            ``(3) Qualified 2012 wages.--The term `qualified 2012 
        wages' means, with respect to any individual, qualified wages 
        attributable to service rendered during calendar year 2012.
            ``(4) Limitation on wages taken into account.--The amount 
        of qualified 2011 wages, and the amount of qualified 2012 
        wages, which may be taken into account with respect to any 
        individual shall not exceed the contribution and benefit base 
        (as determined under section 230 of the Social Security Act).
            ``(5) Wages.--The term `wages' has the meaning given such 
        term under section 51(c), without regard to paragraph (4) 
        thereof.
    ``(c) Qualified Individual.--For purposes of this section, the term 
`qualified individual' means any individual who--
            ``(1) begins employment with an employer after the date of 
        the enactment of the Job Creation Tax Credit Act of 2011, and 
        before January 1, 2013,
            ``(2) certifies by signed affidavit, under penalties of 
        perjury, that such individual has not been employed for more 
        than 40 hours during the 60-day period ending on the date such 
        individual begins such employment, and
            ``(3) is not employed by the employer to replace another 
        employee of such employer unless such other employee separated 
        from employment voluntarily or for cause.
    ``(d) Certain Rules to Apply.--
            ``(1) In general.--Rules similar to the rules of section 
        52, and subsections (f), (g), (i) (other than paragraph (3)(A) 
        thereof), (j), and (k) of section 51, shall apply for purposes 
        of this section.
            ``(2) Credit to be part of general business credit.--
        References to section 51 in section 38(b), 280C, 1396(c)(3), 
        and 1400R shall apply for purposes of this section.
    ``(e) Coordination With Work Opportunity Credit.--If a credit is 
allowed under this section to an employer with respect to an individual 
for any taxable year, then for purposes of applying section 51 to such 
employer, such individual shall not be treated as a member of a 
targeted group for such taxable year.''.
    (b) Clerical Amendment.--The table of sections for subpart F of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 51 the following:

``Sec. 51A. Job creation credit.''.
    (c) Effective Date.--The amendment made by this section shall apply 
to individuals hired after the date of the enactment of this Act.
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