A bill to amend the Internal Revenue Code of 1954 to provide a tax credit to employers who employ members of the Ready Reserve or of the National Guard.

Summary

Amends the Internal Revenue Code to allow an income tax credit to employers who employ members of the Ready Reserve or the National Guard. Sets the amount of such credit as the sum of: (1) 20 percent of the actual compensation amount for the taxable year; plus (2) ten percent of the unpaid compensation amount for the taxable year. Defines "actual compensation amount" and "unpaid compensation amount" for purposes of such credit. Limits the maximum amount of such credit to $2,000 for any one Ready Reserve - National Guard employee.

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Documents

1 official file

• Introduced in House

  summary · EN · 5 September 1985

  Open at official source

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