S. 3282

A bill to amend the Internal Revenue Code of 1986 to extend the work opportunity tax credit for employers of certain veterans.

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II

111th CONGRESS

2d Session

S. 3282

IN THE SENATE OF THE UNITED STATES

April 29, 2010

Mr. Specter 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 extend the work opportunity tax credit for employers of certain veterans.

1.

Extension of work opportunity credit for unemployed veterans

(a)

In general

Paragraph (14) of section 51(d) of the Internal Revenue Code of 1986 is amended—

(1)

by striking hired in 2009 or 2010 in the heading,

(2)

by striking who begins work for the employer during 2009 or 2010 in subparagraph (A),

(3)

by inserting who begins work for the employer during 2009, 2010, 2011, or 2012, and after without regard to clause (ii) thereof) in subparagraph (B)(i), and

(4)

by inserting who begins work for the employer during 2009 or 2010 and after any individual in subparagraph (B)(ii).

(b)

Effective date

The amendments made by this section shall apply to individuals whose hiring date (as defined in section 51(d)(11) of the Internal Revenue Code of 1986) is after December 31, 2010.