,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cbfe  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #bj1 #bjbe,mr4
 ,cassidy 7= himself1 ,ms4 ,hassan1 ,mr4
 ,boozman1 ,mr4 ,ka9e1 ,mr4 ,m>%all1    
,mr4 ,wel*1 ,mr4 ,moran1 ,mr4 ,ju/ice1 &
 ,ms4 ,cortez ,ma/o7 introduc$ ! foll[+ 
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 improve & enhance ! "w opportunity tax 
cr$it1 to enc\rage long]-s]vice         
employm5t1 & to mod]nize ! cr$it to make
 x m effective z a hir+ inc5tive =      
t>get$ work]s1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,improve & ,enhance ! ,"w ,opportunity  
,tax ,cr$it ,act4  #b4 ,improv+ &       
enhanc+ "w opportunity tax cr$it  7a7   
,ext5sion ,section #ea7;c77#d7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ ,decemb] #ca1 #bjbe & ins]t+   
,decemb] #ca1 #bjcj4  7b7 ,enhancem5t ( 
cr$it  7#a7 ,9 g5]al ,section #ea7;a7 ( 
! ,int]nal ,rev5ue ,code ( #aihf is     

am5d$-- 7,a7 by /rik+ %all be equal to  
#dj p]c5t & all t foll[s & ins]t+ !     
foll[+3 %all be equal to ! sum (-- 7#a7 
#ej p]c5t ( s mu* ( ! qualifi$ fir/-ye> 
wages ) respect to ea* individual = su* 
ye> z does n exce$ #f1jjj1 plus  7#b7 9 
! case ( individuals :o h p]=m$ at lea/ 
#djj h\rs ( s]vice = ! employ]1 #ej     
p]c5t ( s mu* ( ! qualifi$ fir/-ye>     
wages ) respect to ea* su* individual = 
su* ye> z exce$s ! doll> am\nt 9 effect 
"u p>agraph 7#a7 & does n exce$ twice   
su* doll> am\nt4  4  7#b7 ,inflation    
adju/m5ts ,section #ea ( su* ,code is   
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7l7 ,inflation adju/m5t    
7#a7 ,9 g5]al ,9 ! case ( any taxable   
ye> beg9n+ aft] #bjbe1 ! #f1jjj am\nt 9 
subsections 7a77#a7 & ea* ( ! #aj1jjj   
am\nt 9 subsection 7e77#a7 %all be      
increas$ by an am\nt equal to-- 7,a7 su*
 doll> am\nt1 multipli$ by  7,b7 !      
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 

cal5d> ye> #bjbd = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  7#b7 ,r\nd+ 
,any increase det]m9$ "u p>agraph 7#a7  
%all be r\nd$ to ! next ne>e/ multiple (
 #ajj4  4  7#c7 ,con=m+ am5dm5ts  7,a7  
,limitation on wages tak5 into acc\nt = 
c]ta9 vet]ans ,section #ea7;b77#c7 ( su*
 ,code is am5d$ to read z foll[s3  7#c7 
,increas$ limitation on wages tak5 into 
acc\nt = c]ta9 vet]ans  7,a7 ,9 g5]al ,9
 ! case ( any qualifi$ vet]an describ$ 9
 subp>agraph 7,b71 subsection 7a7 %all  
be appli$ by sub/itut+ ! applicable     
am\nt = #f1jjj4  7,b7 ,applicable am\nt 
,= purposes ( ?is p>agraph1 ! applicable
 am\nt is-- 7i7 9 ! case ( any          
individual :o is a qualifi$ vet]an by   
reason ( subsection                     
7d77#c77;,a77ii77,i71 #bjj p]c5t ( !    
doll> am\nt 9 effect "u subsection      
7a77#a71  7ii7 9 ! case ( any individual
 :o is a qualifi$ vet]an by reason (    
subsection 7d77#c77;,a77iv71 #bej p]c5t 
( ! doll> am\nt 9 effect "u subsection  
7a77#a71 &  7iii7 9 ! case ( any        

individual :o is a qualifi$ vet]an by   
reason ( subsection                     
7d77#c77;,a77ii77,,ii71 #djj p]c5t ( !  
doll> am\nt 9 effect "u subsection      
7a77#a74  4  7,b7 ,long-t]m family      
assi/ance recipi5ts  7i7 ,9 g5]al       
,section #ea7;e77#a7 ( su* ,code is     
am5d$ by /rik+ family assi/ance         
recipi5t-- & all t foll[s & ins]t+ !    
foll[+3 family assi/ance recipi5t1 9    
lieu ( subsection 7a71 ! am\nt ( ! "w   
opportunity cr$it det]m9$ "u ?is section
 = ! taxable ye> %all be equal to-- 7#a7
 #dj p]c5t ( s mu* ( ! qualifi$ fir/-ye>
 wages ) respect to su* individual = su*
 ye> z does n exce$ #aj1jjj1 &  7#b7 #ej
 p]c5t ( s mu* ( ! qualifi$ second-ye>  
wages ) respect to su* individual = su* 
ye> z does n exce$ #aj1jjj4  4  7ii7    
,cl]ical am5dm5t ,! head+ = section     
#ea7;e7 ( su* ,code is am5d$ by /rik+   
,cr$it = second-ye> wages & ins]t+      
,special rules = det]m9+ cr$it4  7,c7   
,summ] y\? employees ,section           
#ea7;d77#g77;,b7 ( su* ,code is am5d$-- 

7i7 by /rik+ clause 7ii71  7ii7 by /rik+
 1 & at ! end ( clause 7i7 & ins]t+ a   
p]iod1  7iii7 by r$esignat+ clause 7i7  
7z s am5d$7 z clause 7v71 &  7iv7 by    
ins]t+ be=e su* clause 7v7 7z s         
r$esignat$7 ! foll[+ new clauses3  7i7 9
 lieu ( ! am\nt det]m9$ "u subsection   
7a71 ! am\nt ( ! "w opportunity cr$it   
det]m9$ "u ?is section = ! taxable ye>  
%all be equal to #dj p]c5t ( ! qualifi$ 
fir/-ye> wages = su* ye>1  7ii7 9 ! case
 ( an individual describ$ 9 subsection  
7i77#c77;,a71 clause 7i7 %all be appli$ 
by sub/itut+ #be p]c5t = #dj p]c5t1     
7iii7 9 ! case ( an individual describ$ 
9 subsection 7i77#c77;,b71 no wages %all
 be tak5 into acc\nt "u clause 7i71     
7iv7 ! am\nt ( qualifi$ fir/-ye> wages  
:i* may be tak5 into acc\nt ) respect to
 su* individual %all n exce$ #ej p]c5t (
 ! doll> am\nt 9 effect "u subsection   
7a77#a71 &  4  7,d7 ,agricultural &     
railway labor  7i7 ,9 g5]al ,section    
#ea7;h77#a7 ( su* ,code is am5d$-- 7,i7 
9 subp>agraph 7,a71 by /rik+ #f1jjj &   

ins]t+ ! doll> am\nt 9 effect "u        
subsection 7a77#a71 &  7,,ii7 9         
subp>agraph 7,b71 by /rik+ #ejj p] mon? 
& ins]t+ "o-twelf? ( ! doll> am\nt 9    
effect "u subsection 7a77#a7 p] mon?4   
7ii7 ,relat$ con=m+ am5dm5ts ,section   
#ea7;e77#c7 ( su* ,code is am5d$ by     
/rik+ subp>agraphs 7,a7 & 7,b7 & ins]t+ 
! foll[+3  7,a7 su* subp>agraph 7,a7    
%all be appli$ by sub/itut+ ! doll>     
am\nt 9 effect "u subsection 7e77#a7 = !
 doll> am\nt 9 effect "u subsection     
7a77#a71 &  7,b7 su* subp>agraph 7,b7   
%all be appli$ by sub/itut+ "o-twelf? ( 
! doll> am\nt 9 effect "u               
subsection7e77#a7 = "o-twelf? ( ! doll> 
am\nt 9 effect "u subsection 7a77#a74  4
  7,e7 ,individuals n meet+ m9imum      
employm5t p]iods  7i7 ,subp>agraphs 7,a7
 & 7,b7 ( section #ea7;i77#c7 ( su*     
,code are ea* am5d$ by /rik+ subsection 
7a7 & ins]t+ subsection 7a77#a74  7ii7  
,section #ea7;i77#c77;,a7 ( su* ,code is
 am5d$ by /rik+ #dj p]c5t & ins]t+ #ej  
p]c5t4  7c7 ,removal ( age limit =      

qualifi$ supplem5tal nutrition assi/ance
 program b5efits recipi5t ,section      
#ea7;d77#h77;,a77i7 ( su* ,code is am5d$
 by /rik+ b n age #dj4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to individuals :o beg9 "w = !
 employ] aft] ,decemb] #ca1 #bjbe4  #c4 
,eligibility ( sp\ses ( milit>y p]sonnel
 = ! "w opportunity cr$it  7a7 ,9 g5]al 
,p>agraph 7#a7 ( section #ea7;d7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ or at ! end ( subp>agraph 7,i71
 by /rik+ ! p]iod at ! end ( subp>agraph
 7,j7 & ins]t+ 1 or1 & by add+ at ! end 
! foll[+ new subp>agraph3  7,k7 a       
qualifi$ milit>y sp\se4  4  7b7         
,qualifi$ milit>y sp\se ,subsection 7d7 
( section #ea ( su* ,code is am5d$ by   
add+ at ! end ! foll[+ new p>agraph3    
7#af7 ,qualifi$ milit>y sp\se ,! t]m    
qualifi$ milit>y sp\se means any        
individual :o is c]tifi$ by ! designat$ 
local ag5cy z be+ 7z ( ! hir+ date7 a   
sp\se ( a memb] ( ! ,arm$ ,=ces ( !     
,unit$ ,/ates4  4  7c7 ,effective date  

,! am5dm5ts made by ?is section %all    
apply to am\nts paid or incurr$ aft] !  
date ( ! enactm5t ( ?is ,act to         
individuals :o beg9 "w = ! employ] aft] 
su* date4  #d4 ,promotion ( t>get$ gr\p 
memb] hir+ to c]ta9 indu/ries ,!        
,secret>y ( ! ,treasury1 ! ,secret>y (  
,comm]ce1 ! ,secret>y ( ,labor1 & !     
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration 7or _! respective         
delegates71 9 consultation ) ea* o!r &  
consi/5t ) applicable law1 %all promote 
! hir+ ( memb]s ( a t>get$ gr\p 7z def9$
 9 section #ea7;d7 ( ! ,int]nal ,rev5ue 
,code ( #aihf7 to bus9ess lead]s across 
critical indu/ry sectors1 includ+       
manufactur+1 infra/ructure1 en]gy1 heal?
 c>e1 & con/ruction4