HR 1570
112th Congress
House
Taxation
Income tax credits
Military personnel and dependents
National Guard and reserves
Wages and earnings
To amend the Internal Revenue Code of 1986 to provide a tax credit to employers for the value of the service not performed during the period employees are performing service as members of the Ready Reserve or the National Guard.
Introduced: April 15, 2011
Introduced by:
Bilirakis, Gus M.
Republican
· Florida
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2011
Referred to the House Committee on Ways and Means.
Apr 15, 2011
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide employers a business tax credit for up to 10% of compensation not paid to their employees who were members of the Ready Reserve or National Guard absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee per year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1