H.R. 4179 · 111th Congress
Shortening Hours and Retaining Employees Credit Act of 2009
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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ConyersSponsor10 cosponsors · 10 D
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Johnson
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Lee
EM
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Massa
EN
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Norton
SJ
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Jackson Lee
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Grijalva
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Sestak
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Fudge
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Jackson
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Sánchez3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Shortening Hours and Retaining Employees Credit Act of 2009 or the SHARE Credit Act of 2009 - Amends the Internal Revenue Code to allow employers a refundable tax credit for wage subsidies paid to employees whose hours are reduced in accordance with a qualified work share program (i.e., a written employer plan under which employees work fewer hours without…
What it does: CRS summary · Introduced in House · Dec 2, 2009
Shortening Hours and Retaining Employees Credit Act of 2009 or the SHARE Credit Act of 2009 - Amends the Internal Revenue Code to allow employers a refundable tax credit for wage subsidies paid to employees whose hours are reduced in accordance with a qualified work share program (i.e., a written employer plan under which employees work fewer hours without a reduction in pay). Limits the amount of such credit to the lesser of $3,000 per employee or 10% of the wages for periods in which an employee's hours are reduced under a work share program.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Shortening Hours and Retaining Employees Credit Act of 2009
Also known as: SHARE Credit Act of 2009
Latest action (Dec 2, 2009): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Dec 2, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.