text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Small Business Relief and Job 
  Creation Act''.
  
  SEC. 2. TEMPORARY WORK OPPORTUNITY CREDIT FOR SMALL BUSINESSES.
  
      (a) In General.--Section 51 of the Internal Revenue Code of 1986 is 
  amended by adding at the end the following new subsection:
      ``(l) Small Business Credit for Hiring Certain Unemployed 
  Individuals During 2018 and 2019.--
              ``(1) In general.--In the case of an eligible unemployed 
          individual who begins work for an eligible small business 
          during 2018 or 2019, the taxpayer may elect to treat such 
          individual as a member of a targeted group for purposes of this 
          subpart, subject to the modifications in paragraph (5) and in 
          lieu of treating such individual as a member of any other 
          targeted group.
              ``(2) Eligible small business.--For purposes of this 
          subsection, the term `eligible small business' means any person 
          if--
                      ``(A) either--
                              ``(i) the gross receipts of such person for 
                          the preceding taxable year did not exceed 
                          $20,000,000, or
                              ``(ii) in the case of a person to which 
                          subparagraph (A) does not apply, such person 
                          employed not more than 100 full-time employees 
                          during the preceding taxable year, and
                      ``(B) such person elects the application of this 
                  subsection for the taxable year.
          For purposes of subparagraph (A)(ii), an employee shall be 
          considered full-time if such employee is employed at least 30 
          hours per week for 35 or more calendar weeks in the taxable 
          year.
              ``(3) Eligible unemployed individual.--For purposes of this 
          section, the term `eligible unemployed individual' means any 
          individual--
                      ``(A) who is certified by the designated local 
                  agency as being eligible to receive unemployment 
                  compensation under State or Federal law during the 1-
                  year period ending on the hiring date, or
                      ``(B) whose employment with the employer was 
                  terminated before January 1, 2018.
              ``(4) Employee must be full-time.--No wages shall be taken 
          into account with respect to any individual for any taxable 
          year unless such individual is employed by the employer an 
          average of at least 30 hours per week in the taxable year (in 
          the case of the taxable year during which the individual begins 
          work, beginning with the day the individual begins work).
              ``(5) Modifications.--For purposes of this subsection, the 
          modifications described in this paragraph are as follows:
                      ``(A) Percentage of wages.--Subsection (a) shall be 
                  applied--
                              ``(i) in the case of wages paid or incurred 
                          by the employer during 2018, by substituting 
                          `7.5 percent' for `40 percent', and
                              ``(ii) in the case of wages paid or 
                          incurred by the employer during 2019, by 
                          substituting `5 percent' for `40 percent'.
                      ``(B) Qualified wages during 2018 and 2019 taken 
                  into account.--Subsection (b)(2) shall be applied by 
                  substituting `during 2018 and 2019' for `during the 1-
                  year period beginning with the day the individual 
                  begins work for the employer'.
                      ``(C) $75,000 wage limitation.--Subsection (b)(3) 
                  shall be applied by substituting `$75,000' for 
                  `$6,000'.
                      ``(D) Double credit in counties with high 
                  unemployment.--
                              ``(i) In general.--In the case of an 
                          employer located in a county which is a high 
                          unemployment county for the month during which 
                          the employee begins work for the employer, 
                          clauses (i) and (ii) of subparagraph (A) shall 
                          be applied by substituting `15 percent' and `10 
                          percent' for `7.5 percent' and `5 percent', 
                          respectively.
                              ``(ii) High unemployment county.--For 
                          purposes of this subparagraph, the term `high 
                          unemployment county' means, with respect to any 
                          month, a county for which the rate of 
                          unemployment exceeds the national rate of 
                          unemployment (as determined by the Bureau of 
                          Labor Statistics of the Department of Labor).
                      ``(E) Credit to apply for all 2018 and 2019.--This 
                  subsection shall be applied without regard to 
                  subsection (c)(4).
                      ``(F) Certain rehires eligible.--Subsection (i)(2) 
                  shall not apply to an individual whose employment with 
                  the employer was terminated before January 1, 2018.''.
      (b) Effective Date.--The amendments made by this section shall 
  apply to employees hired after December 31, 2017.
target: Small Business Relief and Job Creation Act  This bill amends the Internal Revenue Code to allow small business employers whose gross receipts in the preceding taxable year did not exceed $20 million or who did not employ more than 100 full-time employees during the preceding taxable year a work opportunity tax credit for hiring unemployed individuals as full-time employees (at least 30 hours per week for 35 or more calendar weeks in the taxable year) during 2018 or 2019. The bill doubles the rate of such credit for employers located in counties with unemployment rates that exceed the national rate of unemployment. 
feat_title: Small Business Relief and Job Creation Act