H.R. 1: Final Stimulus Version
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—A certification under subclause (II) shall be in such form and manner and filed at such time as the Secretary may by regulations prescribe. ‘‘(iii) INCOME FROM A SMALL BUSINESS.—For purposes of clause (ii), income from a small business means, with respect to any individual, income from a trade or business the average number of employees of which was less than 500 employees for the calendar year ending with or within the preceding taxable year of the individual. ‘‘(iv) SEPARATE RETURNS.—In the case of a married individual (within the meaning of section 7703) who files a separate return for the taxable year for which the amount of the installment is being determined, clause (ii)(I) shall be applied by substituting ‘$250,000’ for ‘$500,000’. ‘‘(v) ESTATES AND TRUSTS.—In the case of an estate or trust, adjusted gross income shall be determined as provided in section 67(e).’’. PART III—INCENTIVES FOR NEW JOBS SEC. 1221. INCENTIVES TO HIRE UNEMPLOYED VETERANS AND DISCONNECTED YOUTH. (a) IN GENERAL.—Subsection (d) of section 51 is amended by adding at the end the following new paragraph: ‘‘(14) CREDIT ALLOWED FOR UNEMPLOYED VETERANS AND DISCONNECTED YOUTH HIRED IN 2009 OR 2010.— ‘‘(A) IN GENERAL.—Any unemployed veteran or disconnected youth who begins work for the employer during 2009 or 2010 shall be treated as a member of a targeted group for purposes of this subpart. ‘‘(B) DEFINITIONS.—For purposes of this paragraph— ‘‘(i) UNEMPLOYED VETERAN.—The term ‘unemployed veteran’ means any veteran (as defined in paragraph (3)(B), determined without regard to clause (ii) thereof) who is certified by the designated local agency as— ‘‘(I) having been discharged or released from active duty in the Armed Forces at any time during the 5-year period ending on the hiring date, and ‘‘(II) being in receipt of unemployment compensation under State or Federal law for not less than 4 weeks during the 1-year period ending on the hiring date. ‘‘(ii) DISCONNECTED YOUTH.—The term ‘disconnected youth’ means any individual who is certified by the designated local agency— ‘‘(I) as having attained age 16 but not age on the hiring date, ‘‘(II) as not regularly attending any secondary, technical, or post-secondary school during the 6-month period preceding the hiring date, ‘‘(III) as not regularly employed during such 6-month period, and ‘‘(IV) as not readily employable by reason of lacking a sufficient number of basic skills.’’.