Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to add a new targeted group to the Work Opportunity Tax Credit: "displaced disaster victims." It defines eligible victims, qualified disaster zones (major Presidential disaster declarations on or after Jan 1, 2024), an incident period per FEMA, a one-year hiring window after the incident period, and exclusions for full-time work performed outside the qualified zone. The amendments apply to hires beginning on or after Jan 1, 2024, and include transition rules for disasters whose incident periods end before enactment.
Fiscal impact: centrists and conservatives want cost estimates and offsets; liberals care less.
Relative to its intended legislative type, this bill is a focused statutory amendment that adds a specific new eligible class to the Work Opportunity Tax Credit and supplies several substantive definitions and temporal limits.
This bill amends the Internal Revenue Code to add a new targeted group to the Work Opportunity Tax Credit: "displaced disaster victims." It defines eligible victims, qualified disaster zones (major Presidential disaster declarations on or after Jan 1, 2024), an incident period per FEMA, a one-year hiring window after the incident period, and exclusions for full-time work performed outside the qualified zone.
The amendments apply to hires beginning on or after Jan 1, 2024, and include transition rules for disasters whose incident periods end before enactment.
Relatively modest, non-controversial tax credit with built-in temporal limits; more likely if bundled into broader disaster or tax legislation.
Relative to its intended legislative type, this bill is a focused statutory amendment that adds a specific new eligible class to the Work Opportunity Tax Credit and supplies several substantive definitions and temporal limits. It leverages existing tax-credit machinery rather than creating a standalone program.
Fiscal impact: centrists and conservatives want cost estimates and offsets; liberals care less.
These are examples from the analysis, not a ranked list of the most-affected groups.
Fiscal impact: centrists and conservatives want cost estimates and offsets; liberals care less.
Generally favorable: views the bill as a timely, targeted tool to help workers displaced by disasters access employment and income quickly.
Sees it as supportive of community recovery when combined with other relief measures.
Cautiously supportive: sees it as a narrowly targeted, pragmatic incentive to re-employ displaced workers, but wants clarity on costs, administration, and fraud controls.
Prefers oversight and clear sunset or reporting.
Skeptical: may accept narrow, temporary incentives encouraging private hiring but worries about new tax preferences, federal administrative expansion, and revenue loss.
Likely demands offsets and strict limits.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Relatively modest, non-controversial tax credit with built-in temporal limits; more likely if bundled into broader disaster or tax legislation.
The bill has not accumulated any surfaced votes yet.
Fiscal impact: centrists and conservatives want cost estimates and offsets; liberals care less.
Relatively modest, non-controversial tax credit with built-in temporal limits; more likely if bundled into broader disaster or tax legislat…
Relative to its intended legislative type, this bill is a focused statutory amendment that adds a specific new eligible class to the Work Opportunity Tax Credit and supplies several substantive definitions and temporal…
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