HR 3711
107th Congress
House
Taxation
Armed Forces and National Security
Armed forces reserves
Business income tax
Commerce
Employment tax credits
Income tax
Labor and Employment
National Guard
Wages
To amend the Internal Revenue Code of 1986 to provide to employers a tax credit for compensation paid during the period employees are performing service as members of the Ready Reserve or the National Guard.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 8, 2002
Referred to the House Committee on Ways and Means.
Feb 8, 2002
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to establish for employers a Ready Reserve-National Guard employee tax credit equal to 50 percent of the actual compensation amount for a taxable year. Defines "actual compensation amount" as the amount of compensation paid or incurred by an employer with respect to a Ready Reserve-National Guard employee on any day during a taxable year when the employee was absent from employment for the purpose of performing qualified active duty.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1