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H.R. 4840 (114th): Hire For a Second Chance Act of 2016

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 22, 2016.

Hire For a Second Chance Act of 2016

This bill amends the Internal Revenue Code, with respect to the work opportunity tax credit, to: (1) make such credit permanent; (2) increase to $14,000, for ex-felons, the amount of wages that may be taken into account for purposes of computing the credit; and (3) increase from one to three years the period after the conviction or release of an ex-felon during which an employer may hire an ex-felon and claim a work opportunity tax credit for such hiring.