To amend the Internal Revenue Code of 1986 to provide to employers a tax credit for compensation paid during the period employees are performing service as members of the Ready Reserve or the National Guard.

Summary

Amends the Internal Revenue Code to allow employers a business tax credit for up to 50 percent of the actual compensation paid to employees who were members of the Ready Reserve or National Guard and who were absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee.

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Timeline

1. 1 February 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 February 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 February 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 February 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 February 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 February 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 February 2005

  Open at official source

Sponsors

• Rep. Bilirakis, Michael [R-FL-9] · R · Sponsor
• Rep. Cubin, Barbara [R-WY-At Large] · R · Cosponsor
• · hswm00 · Standing

Related records

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