H.R. 2847 The Hiring Incentives to Restore Employment (HIRE) Act
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.