US SB1517 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on June 4 2015 - 25% progression, died in committee
Action: 2015-06-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

VOW to Hire Heroes Extension Act of 2015 Amends the Internal Revenue Code to: (1) extend through 2018 the work opportunity tax credit for hiring a qualified veteran (defined as an unemployed veteran who is certified as being a member of a family receiving food stamp assistance and who is entitled to compensation for a service-connected disability), (2) revise tax credit eligibility requirements for documenting the status of veterans and their receipt of unemployment compensation, and (3) extend the payroll tax offset for such credit to certain for-profit employers. Directs the Internal Revenue Service, in consultation with the Department of Labor, to make annual reports on the effectiveness and cost-effectiveness of this Act in increasing the employment of veterans. Requires the Department of the Treasury to pay: (1) each U.S. possession (i.e., American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands) with a mirror code tax system amounts equal to the loss to such possession due to this Act; and (2) each U.S. possession without such a tax system an amount estimated to equal the loss to such possession that would have occurred due to this Act if such a tax system had been in effect in that possession.

Tracking Information

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Title

VOW to Hire Heroes Extension Act of 2015

Sponsors


History

DateChamberAction
2015-06-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB2265 (Related) 2015-05-12 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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