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H.R. 1196: Jobs for Veterans Act of 2019

The text of the bill below is as of Feb 13, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 1196

IN THE HOUSE OF REPRESENTATIVES

February 13, 2019

(for himself, Miss González-Colón of Puerto Rico, Mr. Welch, Ms. Wild, Ms. Gabbard, and Mr. Garamendi) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow an increased work opportunity credit with respect to recent veterans, and for other purposes.

1.

Short title

This Act may be cited as the Jobs for Veterans Act of 2019.

2.

Work opportunity credit for recent veterans

(a)

Work opportunity credit

Section 51 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

(l)

Special rules for veterans

For purposes of this subpart—

(1)

In general

In the case of an individual who is an applicable veteran who begins work for the employer after December 31, 2019, and before January 1, 2024, the following rules shall apply:

(A)

Applicable veteran

Such individual shall be treated as a member of a targeted group.

(B)

Increased percentage

Subsection (a) shall be applied by substituting 100 percent for 40 percent.

(C)

Wage limitation

Paragraph (3) of subsection (b) shall be applied—

(i)

by substituting $5,000 for $6,000, and

(ii)

without regard to the parenthetical therein.

(D)

Minimum employment periods

Subparagraph (A) of subsection (i)(3) shall be applied by substituting 0 percent for 25 percent.

(E)

Disabled veterans

In the case of such an individual who is a qualified veteran by reason of subsection (d)(3)(A)(ii), the credit determined with respect to such individual under the rules of this subsection shall be in addition to any credit allowable with respect to such individual under this section determined without regard to this subsection.

(2)

Applicable veteran

The term applicable veteran means any veteran (as defined in subsection (d)(3)(B)) who is certified by the designated local agency as having been discharged or released from active duty in the Armed Forces of the United States after September 11, 2001.

(3)

Election to have subsection not apply

A taxpayer may elect (at such time and in such form and manner as the Secretary shall prescribe) to have this subsection not apply with respect to an individual for any taxable year.

.

(b)

Effective date

The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2019.