Lori Chavez-DeRemer | Lori Chavez-DeRemer Official Website
Lori Chavez-DeRemer | Lori Chavez-DeRemer Official Website
WASHINGTON, D.C. – Rep. Lori Chavez-DeRemer (OR-05) joined Reps. John James (MI-10) and Juan Ciscomani (AZ-06) to introduce the Reignite Hope Act, which seeks to increase the number of public safety officers, nurses, and caregivers employed in Opportunity Zones. Specifically, the bill amends current Internal Revenue Service (IRS) tax code to establish a credit for employees in these critical industries. Additionally, the proposal would make permanent certain expiring provisions relating to the child tax credit.
“I was proud to champion Opportunity Zones when I served as mayor, and the Reignite Hope Act will encourage the recruitment of nurses, public safety officers, and caregivers needed to help these communities thrive. It will also provide much-needed financial stability for families. I appreciate Congressman James’ leadership and look forward to working with him on this critical issue,” Chavez-DeRemer said.
“There is a hopelessness epidemic in America. At a time when Americans feel like everything is broken and nothing is working for them, we must reignite hope in our country for those who bring so much hope to our communities: nurses and careworkers, public safety officials, and parents. These local heroes are the foundation of our society, and the Reignite Hope Act will address the basic needs for these individuals by giving them the tools and resources to improve their lives and conditions. These practical steps will offer a lifeline to families, improve public safety, help solve our labor shortage, and address the hopelessness epidemic in this country,” said James.
“When we invest in and provide for our communities in opportunity zones, we strengthen the entire country. The Reignite Hope Act incentivizes growth in these often-underserved communities, bolstering opportunities for everyone from families and care givers to first responders, and I am proud to join Congressman James on this effort,” said Ciscomani.
The bill outlines four categories of qualifying “critical employees,” including health care professionals, law enforcement officers, first responders, and caretakers. Individuals must work full time for at least 75 percent of the taxable year in a job located in an Opportunity Zone. The bill would also offer as much as $4,500 in tax credits per child.
Full text of the bill is available HERE.
Original source can be found here.
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