Work Opportunity Improvement Act of 2001

The Work Opportunity Improvement Act of 2001 (S. 626) proposes to make permanent two federal tax credits that encourage businesses to hire individuals from specific groups who consistently face barriers to employment. These incentives, known as the Work Opportunity Tax Credit and the Welfare-to-Work Tax Credit, provide financial offsets to employers who hire long-term family assistance recipients and other designated job seekers. Additionally, the bill would expand eligibility for these programs by increasing the age limit for qualified food stamp recipients from 25 to 51, allowing more adult workers to be covered under the credit. For everyday citizens, this legislation aims to increase job opportunities and long-term employment stability for low-income individuals and those transitioning from public assistance.