Sec. 212. Expansion of work opportunity credit

370 words·~2 min read·/bill/116/s/4318/is/section-212

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Section 51(d)(1) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (I), by striking the period at the end of subparagraph

(J)and inserting , or , and by adding at the end the following new subparagraph: a qualified 2020 COVID–19 unemployment recipient. . Section 51(d) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The term qualified 2020 COVID–19 unemployment recipient means any individual who— is certified by the designated local agency as having received, or having been approved to receive, unemployment compensation under State or Federal law for either of— the week immediately preceding the hiring date, or the week which includes the hiring date, and begins work for the employer before January 1, 2021. . Section 51(a) of the Internal Revenue Code of 1986 is amended by inserting (50 percent in the case of a qualified 2020 COVID–19 unemployment recipient) after 40 percent . Section 51(i)(3)(A) of such Code is amended— by striking shall be applied by and inserting shall be applied— by , by striking the period at the end and inserting and , and by adding at the end the following new clause: by substituting 25 percent for 50 percent . . Section 51(b)(3) of the Internal Revenue Code of 1986 is amended by inserting $10,000 per year in the case of a qualified 2020 COVID–19 unemployment recipient, after $6,000 per year ( . Section 51(i)(2) of the Internal Revenue Code of 1986 is amended— by striking No wages and inserting the following: No wages , and by adding at the end the following new subparagraph: This paragraph shall not apply to any qualified 2020 COVID–19 unemployment recipient. The Secretary shall prescribe such regulations and other guidance as may be necessary to prevent the abuse of the purposes of this subparagraph, including through the termination of employment of an individual by an employer for the purposes of claiming the credit allowed under this subsection by reason of the application of clause (i). . The amendments made by this section shall apply to individuals who begin work for the employer after the date of the enactment of this Act.