S 492 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill makes changes to a tax credit that employers can get when they hire workers from certain targeted groups. It increases the percentage of wages employers can claim from 40% to 50% and raises the maximum wage amounts that count toward the credit for employees who work at least 400 hours in their first year. The bill also removes the upper age limit for workers receiving food assistance (SNAP benefits), so employers can now claim the credit for hiring SNAP recipients who are 18 or older, regardless of how old they are.
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