Increased work opportunity tax credit for qualified small food retail businesses

(a) In general Section 51(b)(3) of the Internal Revenue Code of 1986 is amended— (1) by striking The amount and inserting (A) In general The amount, and (2) by adding at the end the following new subparagraph: (B) Increased limitation for qualified small food retail businesses In the case of wages paid by an employer that is a qualified small food retail business (as defined in section 47(e)(2)(A)), subparagraph (A) shall be applied— (i) by substituting $8,000 for $6,000, (ii) by substituting $14,000 for $12,000, (iii) by substituting $16,000 for $14,000, and (iv) by substituting $26,000 for $24,000.. (b) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.