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HR 424 107th Congress House

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…

Official title: 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 mem… Show full official titleShow less

Official title: 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.

Introduced: October 12, 2001 See on congress.gov
Taxation Armed Forces and National SecurityArmed forces reservesBusiness income taxCommerce
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Employment tax creditsIncome taxLabor and EmploymentNational GuardWages
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2001
Referred to the House Committee on Ways and Means.
Feb 6, 2001
Introduced in House
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 Latest action February 6, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to provide employers a business tax credit (of up to $2,000 with respect to any one Ready Reserve-National Guard employee) with respect to members of the Ready Reserve or National Guard who were absent from work on active duty.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Calvert, Ken
California · Nov 1, 2001
 D
McGovern, James P.
Massachusetts · Oct 12, 2001
 R
Smith, Christopher H.
New Jersey · Oct 12, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 424: 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.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-424/
MLA
"H.R. 424: 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.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-424/.
Bluebook (legal)
H.R. 424, 107th Cong. (2026), https://openamerica.io/bill/107-HR-424/.
Markdown link
[H.R. 424: 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.](https://openamerica.io/bill/107-HR-424/)
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