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Tax Credits for Hiring: Post-COVID-19 Employment Boost

This act aims to encourage businesses to hire new employees, especially during the post-COVID-19 recovery period. Companies can receive larger tax credits for hiring, which could lead to more jobs and a faster economic rebound. The changes primarily affect tax incentives for employers, indirectly impacting the job market and employment availability.
Key points
Increased tax credits for businesses hiring new employees during the COVID-19 recovery period.
Eligibility for the credit extends to the second year of employment, encouraging longer-term job retention.
The wage limit for the credit is raised from $6,000 to $10,000.
Easier access to the credit for re-hired employees, with rules to prevent abuse.
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Expired
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Additional Information
Print number: 117_HR_3449
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2021-05-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

HIRE Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3449.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-20.

What are the main provisions?

Key points include:

  • Increased tax credits for businesses hiring new employees during the COVID-19 recovery period.
  • Eligibility for the credit extends to the second year of employment, encouraging longer-term job retention.
  • The wage limit for the credit is raised from $6,000 to $10,000.
  • Easier access to the credit for re-hired employees, with rules to prevent abuse.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Suozzi, Thomas R. [D-NY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Labor Economy