Give employers an additional $1,000 tax credit if an eligible employee stays on payroll for 52 continuous weeks.

For any eligible employee kept on payroll for a continuous 52 weeks, the employer would receive an additional $1,000 credit on its 2011 tax return

The proposal included a retention bonus for employers who kept eligible hires on payroll for a full year.

SCHUMER: HUNDREDS OF THOUSANDS OF NEW YO... | Senator Chuck Schumer of New York
primary · press_release · model gpt-5.4-mini

"Finally, to promote long term employment, the plan also adds the following bonus: For any eligible employee kept on payroll for a continuous 52 weeks, the employer would receive an additional $1,000 credit on its 2011 tax return"

Schumer publicly described the exact promise: an additional $1,000 credit for employers who kept an eligible employee on payroll for 52 continuous weeks.

partial same_term A for effort

SCHUMER: HUNDREDS OF THOUSANDS OF NEW YO... | Senator Chuck Schumer of New York
primary · model gpt-5.4-mini · confidence 98%

"There would also be an additional $1,000 income tax credit for every new employee retained for 52 weeks to be taken on the employer’s 2011 income tax return."

The Senate Finance Committee draft included the $1,000 retention credit, showing the proposal was concretely advanced in legislation.

partial same_term A for effort

Baucus, Grassley Release Draft Hiring Incentives to Restore Employment (HIRE) Act
secondary · model gpt-5.4-mini · confidence 95%

SEC. 102. BUSINESS CREDIT FOR RETENTION OF CERTAIN NEWLY HIRED INDIVIDUALS IN 2010. ... increased ... by the lesser of (1) $1,000, or (2) 6.2 percent of the wages ... paid ... during the 52 consecutive week period ... who was so employed ... for a period of not less than 52 consecutive weeks

Congress enacted the retention credit in the HIRE Act, matching the $1,000 credit tied to 52 continuous weeks of employment.

delivered same_term

Public Law 111-147, Hiring Incentives to Restore Employment Act
secondary · model gpt-5.4-mini · confidence 99%

"Under the provision an employer's general business credit is increased by $1,000 for each retained worker" ... if the individual "continues to be employed ... for a period of not less than 52 consecutive weeks"

IRS technical guidance confirms the enacted rule and how the $1,000 credit applied after 52 consecutive weeks.

delivered same_term

Technical Explanation of the Revenue Provisions of the HIRE Act
secondary · model gpt-5.4-mini · confidence 97%