H.R. 2847 The Hiring Incentives to Restore Employment (HIRE) Act
March 4, 2010
Status: Mar 4, 2010 Passed the House 217-201; Mar 17, 2010 Passed the Senate 68-29, Mar 18, 1010 Signed by President Obama
H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act, is identical to the Senate-passed version of H.R. 2847, with the following improvements: (1) the bill makes technical corrections to improve the effectiveness and administrability of incentives for hiring and retaining new employees, and extends these benefits to businesses in U.S. territories and possessions; (2) the bill restores the full value of the direct payment option for certain tax credit bond programs; (3) the bill delays the effective date of the worldwide allocation of interest provision for an additional year (through 2020) to ensure that the cost of the bill is fully offset.
House Committee on Ways & Means