I
116th CONGRESS
1st Session
H. R. 1196
IN THE HOUSE OF REPRESENTATIVES
February 13, 2019
Mr. King of New York (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.
Short title
This Act may be cited as the Jobs for Veterans Act of 2019
.
Work opportunity credit for recent veterans
Work opportunity credit
Section 51 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
Special rules for veterans
For purposes of this subpart—
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:
Applicable veteran
Such individual shall be treated as a member of a targeted group.
Increased percentage
Subsection (a) shall be applied by substituting 100 percent
for 40 percent
.
Wage limitation
Paragraph (3) of subsection (b) shall be applied—
by substituting $5,000
for $6,000
, and
without regard to the parenthetical therein.
Minimum employment periods
Subparagraph (A) of subsection (i)(3) shall be applied by substituting 0 percent
for 25 percent
.
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.
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.
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.
.
Effective date
The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2019.
