HR 4520 · 118th Congress · Taxation
Reignite Hope Act of 2023
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2023-07-10)
Plain Language Summary
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Reignite Hope Act of 2023 This bill establishes a tax credit for the hiring of critical employees and makes permanent certain expiring provisions that increase the child tax credit. Specifically, the bill allows a $3,500 tax credit for the hiring of a critical employee. The bill defines critical employee as a healthcare professional, a law enforcement officer, member of a rescue squad or ambulance crew, a firefighter, an eligible child care provider, or a personal or home care aide. The employer of these professionals must certify that they worked full-time for not less than 75% of the taxable year in their professional capacity and that their primary place of employment for the majority of hours worked during the year is located in a qualified opportunity zone.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Republicans