Extends and expands the work opportunity tax credit to include qualified criminal justice-impacted individuals and qualified opportunity youth.
The BRIDGE Act amends the Internal Revenue Code to extend the work opportunity tax credit through December 31, 2030, and expands its eligibility to include qualified criminal justice-impacted individuals and qualified opportunity youth. The Secretary of the Treasury is tasked with issuing regulations to implement these changes, and the Comptroller General must conduct a study on the efficiency of the administrative process for claiming the credit. The study's findings will be reported to Congress and the Secretary of the Treasury within a year of the Act's enactment.
The filed bill text is too short for analysis.