US HB5250 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on November 21 2019 - 25% progression, died in chamber
Action: 2019-12-11 - Sponsor introductory remarks on measure. (CR H10028)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 21 2019 - 25% progression, died in chamber
Action: 2019-12-11 - Sponsor introductory remarks on measure. (CR H10028)
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to (1) make permanent the work opportunity tax credit for hiring qualified veterans (veterans receiving compensation for a service-connected disability and other federal assistance); and (2) allow employers who hire qualified veterans to elect to claim the tax credit as an exemption from employment and railroad retirement taxes for such veterans' first-year wages, subject to specified limitations. The bill appropriates amounts to the Social Security trust funds and the Social Security Equivalent Benefit Account to cover any revenue loss to such funds resulting from this bill.
Title
Veterans Back to Work Act of 2019
Sponsors
Rep. Ron Wright [R-TX] | Rep. Sanford Bishop [D-GA] |
History
Date | Chamber | Action |
---|---|---|
2019-12-11 | House | Sponsor introductory remarks on measure. (CR H10028) |
2019-11-21 | House | Referred to the House Committee on Ways and Means. |
2019-11-21 | House | Introduced in House |
Subjects
Appropriations
Disability and paralysis
Employee hiring
Employment taxes
Government trust funds
Income tax credits
Taxation
Veterans' education, employment, rehabilitation
Disability and paralysis
Employee hiring
Employment taxes
Government trust funds
Income tax credits
Taxation
Veterans' education, employment, rehabilitation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/5250/all-info |
Text | https://www.congress.gov/116/bills/hr5250/BILLS-116hr5250ih.pdf |