Guard and Reserve Financial Stability Act of 2005

Summary

Guard and Reserve Financial Stability Act of 2005 - Amends the Internal Revenue Code to allow small employers (employers with 50 or fewer employees) a business tax credit for 50 percent of the lesser of: (1) actual compensation paid to each Ready Reserve-National Guard employee while on active duty or hospitalized incident to such duty; or (2) $30,000. Terminates such credit after 2006. Allows employers a work opportunity tax credit for the hiring of temporary employees to replace Ready Reserve-National Guard employees for the period such employees are on active duty.

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Timeline

1. 11 May 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 11 May 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 May 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 May 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 May 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 May 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 May 2005

  Open at official source

Sponsors

• NITA LOWEY · D · Sponsor
• · hswm00 · Standing

Related records

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