Bill Summary
This legislation, known as the "Hire Student Veterans Act," aims to amend the Internal Revenue Code of 1986 in order to provide a work opportunity tax credit for employers who hire veterans receiving educational assistance under laws administered by the Secretary of Veterans Affairs or Defense. This credit would apply to veterans attending an educational institution with assistance from laws such as Chapter 30, 31, 32, 33, or 34 of Title 38 or Chapter 1606 or 1607 of Title 10. The bill also modifies the minimum employment period for this credit and applies to individuals who begin work after the enactment of the act.
Possible Impacts
1. The Hire Student Veterans Act may incentivize employers to hire more veterans who are receiving educational assistance, potentially leading to more job opportunities for these individuals.
2. The legislation may also help alleviate financial burdens for student veterans by providing them with work opportunities and potential tax credits.
3. The effective date of the legislation may prompt employers to start hiring student veterans sooner rather than later, potentially benefiting those who are actively seeking employment.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2499 Introduced in House (IH)]
<DOC>
116th CONGRESS
1st Session
H. R. 2499
To amend the Internal Revenue Code of 1986 to provide the work
opportunity tax credit with respect to hiring veterans who are
receiving educational assistance under laws administered by the
Secretary of Veterans Affairs or Defense.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 2, 2019
Mrs. Lee of Nevada (for herself and Mr. Watkins) introduced the
following bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide the work
opportunity tax credit with respect to hiring veterans who are
receiving educational assistance under laws administered by the
Secretary of Veterans Affairs or Defense.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Hire Student Veterans Act''.
SEC. 2. WORK OPPORTUNITY TAX CREDIT FOR HIRING VETERANS RECEIVING
EDUCATIONAL ASSISTANCE UNDER LAWS ADMINISTERED BY THE
SECRETARY OF VETERANS AFFAIRS OR DEFENSE.
(a) In General.--Section 51(d)(3)(A) of the Internal Revenue Code
of 1986 is amended by striking ``or'' at the end of clause (iii), by
striking the period at the end of clause (iv) and inserting ``, or'',
and by adding at the end the following new clause:
``(v) attending an educational institution
by means of educational assistance provided
under chapter 30, 31, 32, 33, or 34 of title
38, United States Code, or chapter 1606 or 1607
of title 10, United States Code.''.
(b) Modification of Minimum Employment Period.--Section 51(i)(3)(A)
of the Internal Revenue Code of 1986 is amended by inserting ``(other
than a qualified veteran described in subsection (d)(3)(A)(v))'' after
``In the case of an individual''.
(c) Effective Date.--The amendments made by this section shall
apply to individuals who begin work for the employer after the date of
the enactment of this Act.
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