House Approves Jobs Tax Break for Nonprofit Employers

The House of Representatives today endorsed a Senate plan to give tax breaks to nonprofit and other employers that hire unemployed workers. The measure, included in a jobs bill, would exempt employers from paying Social Security taxes in 2010 for employees hired this year.

Employers would also get an additional $1,000 tax credit for each worker they kept on for a full year, but this would apply to income taxes so would not benefit nonprofit groups.

The Senate approved its version last week. The legislation now goes back to the Senate because the House amended other parts of the bill.

The Alliance for Children and Families has estimated the Social Security savings could help nonprofit groups create up to 18,000 jobs.