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S 3623 IS
111th CONGRESS
2d Session
S. 3623
To amend the Internal Revenue Code of 1986 to extend the payroll tax relief under the HIRE Act, and for other purposes.
IN THE SENATE OF THE UNITED STATES
July 21, 2010
Mr. SCHUMER introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to extend the payroll tax relief under the HIRE Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. EXTENSION OF PAYROLL TAX FORGIVENESS FOR HIRING UNEMPLOYED WORKERS UNDER HIRE ACT.
(a) Extension-
(1) IN GENERAL- Section 3111(d) of the Internal Revenue Code of 1986 is amended--
(A) by striking ‘with respect to employment during the period beginning on the day after the date of the enactment of this subsection and ending on December 31, 2010,’ in paragraph (1) and inserting ‘during the applicable period with respect to employment’,
(B) by striking ‘January 1, 2011’ in paragraph (3) and inserting ‘July 1, 2011’,
(C) by redesignating paragraph (5) as paragraph (6) and by inserting after paragraph (4) the following new paragraph:
‘(5) APPLICABLE PERIOD- For purposes of paragraph (1), the applicable period is--
‘(A) with respect to any qualified individual who begins employment after February 3, 2010, the period beginning after March 18, 2010, and ending on December 31, 2010, and
‘(B) with respect to any qualified individual who begins employment after July 22, 2010, the period beginning on the day after the date of the enactment of this paragraph and ending on June 30, 2011.’, and
(D) by inserting ‘and 2011’ after ‘2010’ in the heading thereof.
(2) RAILROAD RETIREMENT TAXES- Section 3221(c) of the Internal Revenue Code of 1986 is amended--
(A) by striking ‘during the period beginning on the day after the date of the enactment of this subsection and ending on December 31, 2010’ in paragraph (1) and inserting ‘during the applicable period’,
(B) by striking ‘January 1, 2011’ in paragraph (3) and inserting ‘July 1, 2011’,
(C) by redesignating paragraph (5) as paragraph (6) and by inserting after paragraph (4) the following new paragraph:
‘(5) APPLICABLE PERIOD- For purposes of paragraph (1), the applicable period is--
‘(A) with respect to any qualified individual who begins employment after February 3, 2010, the period beginning after March 18, 2010, and ending on December 31, 2010, and
‘(B) with respect to any qualified individual who begins employment after July 22, 2010, the period beginning on the day after the date of the enactment of this paragraph and ending on June 30, 2011.’, and
(D) by inserting ‘and 2011’ after ‘2010’ in the heading thereof.
(b) Treatment of Temporary Census Workers- Sections 3111(d)(3) and 3121(c)(3) of the Internal Revenue Code of 1986 are each amended by adding at the end the following new flush sentence:
‘For purposes of subparagraph (B), employment by the Bureau of the Census as a temporary enumerator for the 2010 decennial census shall not be taken into account.’.
(c) Transfers to Certain Funds- Section 101 of the Hiring Incentives to Restore Employment Act is amended--
(1) by inserting ‘and section 2(a)(1) of the HIRE Now Tax Cut Extension Act of 2010’ after ‘subsection (a)’ in subsection (c), and
(2) by inserting ‘and section 2(a)(2) of the HIRE Now Tax Cut Extension Act of 2010’ after ‘paragraph (1)’ in subsection (d)(2).
(d) Conforming Amendment- The heading of section 102 of the Hiring Incentives to Restore Employment Act is amended by inserting ‘and 2011’ after ‘2010’.
(e) Effective Date- The amendments made by this section shall take effect as if included in the amendments made by section 101 of the Hiring Incentives to Restore Employment Act.
U.S. Congress - Text of S.3623 as Introduced in Senate HIRE Now Tax Cut Extension Act of 2010
