Senate Bill

S. 492

119th Congress

Improve and Enhance the Work Opportunity Tax Credit Act

In Committee
Introduced:Feb 10, 2025

Primary Sponsor

Bill Cassidy

R - LA

Cosponsors

1

Quick Stats

Policy Area

Taxation

Summary

This bill enhances the Work Opportunity Tax Credit (WOTC) for employers hiring from targeted groups. It increases the credit from 40% to 50% of qualified wages and doubles wage limits for employees working 400+ hours in their first year. The bill also removes the maximum age limit for SNAP recipients, allowing employers to claim the credit for any adult SNAP beneficiary hired.

Latest Action

Read twice and referred to the Committee on Finance.