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HIRE is Public Law.
Hiring Incentives to Restore Employment Act - Amends the Internal Revenue Code to: (1) exempt employers,, from social security and railroad retirement taxes in 2010 (except for the first calendar quarter of such year) for new employees who are hired after February 3, 2010, and before January 1, 2011, and who certify that they have not worked more than 40 hours during the last 60 days; and allows an increase in the general business tax credit for the retention of such employees for at least one year at specified wage levels. Prohibits any carryback of unused business tax credit amounts. See link for more.
