This newly signed legislation may prove beneficial to employers. View the firm's letter to our clients by clicking here. This letter is to provide details on the recently enacted "Hiring Incentives to Restore Employment Act of 2010," (the HIRE Act) which was signed into
law March 19. 2010. The Act creates a "payroll tax holiday" for employers who hire qualified unemployed workers and an additional credit if these new hires are retained for at least one year.