,,ii  #aai? ,,congress  #a/ ,session    
,s4 #dib  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #aj1 #bjbe,mr4
 ,cassidy 7= himself & ,ms4 ,hassan7    
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 ,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$s #f1jjj1 & does n exce$ 
#ab1jjj4  4  7b7 ,con=m+ am5dm5ts relat+
 to 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 = vet]ans ,! #f1jjj &       
#ab1jjj am\nts "u p>agraphs 7#a7 & 7#b7 
( subsection 7a7 %all be increas$ to--  
7,a7 #ab1jjj & #bd1jjj1 respectively1 9 
! case ( any individual :o is a qualifi$
 vet]an by reason ( subsection          
7d77#c77;,a77ii77,i71  7,b7 #ad1jjj &   
#bh1jjj1 respectively1 9 ! case ( any   
individual :o is a qualifi$ vet]an by   
reason ( subsection 7d77#c77;,a77iv71 & 
7,c7 #bd1jjj & #dh1jjj1 respectively1 9 
! case ( any individual :o is a qualifi$
 vet]an by reason ( subsection          
7d77#c77;,a77ii77,,ii74  4  7c7 ,con=m+ 
am5dm5ts relat+ to individuals n meet+  
m9imum employm5t p]iods  7#a7           

,subp>agraphs 7,a7 & 7,b7 ( section     
#ea7;i77#c7 ( su* ,code are ea* am5d$ by
 /rik+ subsection 7a7 & ins]t+          
subsection 7a77#a74  7#b7 ,section      
#ea7;i77#c77;,a7 ( su* ,code is am5d$ by
 /rik+ #dj p]c5t & ins]t+ #ej p]c5t4    
7d7 ,con=m+ am5dm5ts relat+ to treatm5t 
( summ] y\? employees ,section          
#ea7;d77#g77;,b7 ( su* ,code is am5d$-- 
7#a7 by /rik+ clause 7ii71  7#b7 by     
/rik+ 1 & at ! end ( clause 7i7 & ins]t+
 a p]iod1  7#c7 by r$esignat+ clause 7i7
 7z s am5d$7 z clause 7v71 &  7#d7 by   
ins]t+ be=e su* clause 7v7 7z s         
r$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$ #c1jjj p]  
ye>1 &  4  7e7 ,con=m+ am5dm5ts relat+  
to long-,t]m family assi/ance recipi5ts 
7#a7 ,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  7#b7 ,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  7f7 ,effective date ,! am5dm5ts 
made by ?is section %all apply to       

individuals :o beg9 "w = ! employ] aft] 
,decemb] #ca1 #bjbd4  #c4 ,removal ( age
 limit = qualifi$ supplem5tal nutrition 
assi/ance program b5efits recipi5t  7a7 
,9 g5]al ,section #ea7;d77#h77;,a77i7 ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by /rik+ b n age #dj4  7b7        
,effective date ,! am5dm5t made by ?is  
section %all apply to individuals :o    
beg9 "w = ! employ] aft] ,decemb] #ca1  
#bjbd4