Bill
HR 1177
HR 1177 boosts the Work Opportunity Tax Credit, expanding eligibility and increasing benefits for employers, enhancing job opportunities for underserved individuals.
Bill Number: HR 1177
Introduced: February 10, 2025
Status: Introduced in House
Classification: Bill
The Improve and Enhance the Work Opportunity Tax Credit Act aims to strengthen and expand the existing Work Opportunity Tax Credit (WOTC) program. This program is designed to incentivize employers to hire individuals from certain target groups who face significant barriers to employment. The bill seeks to enhance the effectiveness of the WOTC by making it more accessible and beneficial for both employers and employees.
While the specific text of the bill has not been detailed in the provided information, the following are anticipated key provisions based on the intent to improve the WOTC:
Expanded Eligibility: The bill may broaden the categories of individuals eligible for the tax credit, potentially including more underserved populations.
Increased Credit Amounts: It is likely that the legislation proposes to increase the tax credit amounts available to employers who hire from these target groups, thereby providing a stronger financial incentive.
Simplified Application Process: The bill may introduce measures to streamline the application process for employers, making it easier to access the tax credits.
Enhanced Outreach and Education: The legislation could include provisions for outreach programs to educate employers about the benefits of the WOTC and how to apply for it.
Employers: Businesses that hire individuals from the targeted groups would benefit from increased tax credits, potentially leading to greater hiring of these individuals.
Job Seekers: Individuals from historically underrepresented groups, including veterans, individuals with disabilities, and long-term unemployed individuals, would have improved job opportunities as a result of increased employer incentives.
Local Economies: Communities may experience economic growth as more individuals gain employment, leading to increased consumer spending and reduced reliance on social services.
Introduced: The bill was introduced in the House on February 10, 2025.
Referred to Committee: On the same day, HR 1177 was referred to the House Committee on Ways and Means for further consideration.
Related Legislation: The bill has a companion in the Senate, designated as S 492, which may provide additional context or support for the initiatives proposed in HR 1177.
The bill is sponsored by Lloyd Smucker, with multiple cosponsors, including:
HR 1177 represents a significant effort to enhance the Work Opportunity Tax Credit, aiming to create more job opportunities for individuals facing employment barriers while providing businesses with greater incentives to hire from these groups. As the bill progresses through the legislative process, further details will emerge regarding its specific provisions and potential impacts.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
