Earned Income Tax Credit Enhancement Act of 2007

A bill to amend the Workforce Investment Act of 1998 to improve programs carried out through youth opportunity grants, and for other purposes.

2/14/2008--Introduced.
Supporting Training and Employment Potential for Underemployed Populations Act, or the STEP UP Act - Amends the Workforce Investment Act of 1998 to revise Youth Opportunity Grant Program requirements to direct the Secretary of Labor to make grants to local boards and eligible entities to carry out programs that provide job training and employment activities and related services to youth and young adults (allows up to 25% of funds to be made available for hard-to-serve young adults) as defined in this Act who live in empowerment zones, enterprise communities, or high poverty areas. Earned Income Tax Credit Enhancement Act of 2007 - Amends provisions of the Internal Revenue Code (IRC) to revise requirements with respect to the earned income tax credit, including to increase the maximum earned income tax credit amount for certain taxpayers without qualifying children. Allows the unused portion of an eligible taxpayer's standard deduction and personal exemption deductions that exceeds his or her adjusted gross income to be carried back to the preceding taxable year and carried forward to each of the two taxable years following the unused deduction year. Allows an employment tax credit and an advanced employment tax credit of $500, respectively, for members of targeted groups as defined under the IRC. Expands the work opportunity credit for employers who hire:
(1) a youth opportunity program participant;
(2) a qualified Workforce Investment Act (WIA) youth activity participant; or
(3) a qualified young offender. Allows an additional work opportunity credit of $500 for each retained employee of a targeted group.


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Sponsor

• Sen. Charles Schumer [D, NY]

Committees

• Senate Finance

Amendments

This bill has no amendments.

Amendments to S.2648

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
February 14, 2008

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All Bill Actions

• Feb 14, 2008: Read twice and referred to the Committee on Finance.
• Feb 14, 2008: Sponsor introductory remarks on measure. (CR S1061-1063)
• Introduced on Feb 14, 2008.

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Related Issue Areas:

• Youth employment
• Welfare
• Urban affairs
• Taxation
• 16 more
• Tax exemption
• Tax deductions
• Tax credits
• Poverty
• Labor
• Juvenile delinquency
• Income tax
• Grants-in-aid
• Ex-offenders
• Enterprise zones
• Employment of the disadvantaged
• Earned income tax credit
• Criminal justice
• Children
• Budgets
• Job training

Data from the Congressional Research Service

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Blog Coverage

February 13, 2008 S. 2648, A bill to amend the Workforce Investment Act of 1998 to ...

S. 2648 would amend the Workforce Investment Act of 1998 to improve programs carried out through youth opportunity grants.... Vote on This Bill: For | Against.

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