Bill Summary
The "Hire A Hero Act of 2019" is a bill that aims to amend the Internal Revenue Code of 1986 to provide tax credits to small businesses who hire members of the Ready Reserve or National Guard. This aims to support these individuals who serve in the military part-time by incentivizing employers to hire them. The bill also includes a permanent extension of the work opportunity credit for employers who hire qualified veterans and members of the Ready Reserve and National Guard. These changes will apply to wages paid or incurred after the date of enactment and to individuals who begin work after December 31, 2018.
Possible Impacts
1. Small business owners may benefit from this legislation by receiving a tax credit for hiring individuals from the Ready Reserve or National Guard. This could potentially incentivize them to hire more individuals from these groups and improve their workforce diversity.
2. Members of the Ready Reserve or National Guard may have increased job opportunities, as employers may be more willing to hire them in order to receive the tax credit.
3. The legislation could potentially lead to a more positive perception of veterans and members of the Ready Reserve and National Guard in the job market, as employers may see them as valuable assets and be more willing to hire them.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 413 Introduced in House (IH)]
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116th CONGRESS
1st Session
H. R. 413
To amend the Internal Revenue Code of 1986 to allow the work
opportunity credit to small businesses which hire individuals who are
members of the Ready Reserve or National Guard, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 9, 2019
Ms. Plaskett 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 allow the work
opportunity credit to small businesses which hire individuals who are
members of the Ready Reserve or National Guard, and for other purposes.
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 A Hero Act of 2019''.
SEC. 2. WORK OPPORTUNITY CREDIT TO SMALL BUSINESSES FOR HIRING MEMBERS
OF READY RESERVE OR NATIONAL GUARD.
(a) In General.--Section 51(d)(1) of the Internal Revenue Code of
1986 is amended by striking ``or'' at the end of subparagraph (I), by
striking the period at the end of subparagraph (J) and inserting ``,
or'', and by adding at the end the following new subparagraph:
``(K) in the case of an eligible employer (as
defined in section 408(p)(2)(C)(i)), an individual who
is a member of--
``(i) the Ready Reserve (as described in
section 10142 of title 10, United States Code),
or
``(ii) the National Guard (as defined in
section 101(c)(1) of title 10, United States
Code).''.
(b) Effective Date.--
(1) In general.--The amendment made by this section shall
apply to wages paid or incurred after the date of the enactment
of this Act in taxable years ending after such date.
(2) Current employees covered by credit.--For purposes of
applying section 51 of the Internal Revenue Code of 1986,
individuals described in section 51(d)(1)(K) of such Code, as
added by this section, who are employed by an eligible employer
(as defined in section 408(p)(2)(C)(i) of such Code) on the
date of the enactment of this Act shall be treated as beginning
work for such employer on such date.
SEC. 3. PERMANENT EXTENSION OF WORK OPPORTUNITY CREDIT FOR EMPLOYERS
HIRING QUALIFIED VETERANS AND MEMBERS OF READY RESERVE
AND NATIONAL GUARD.
(a) In General.--Section 51(c)(4) of the Internal Revenue Code of
1986 is amended by inserting ``(other than any individual described in
subparagraph (B) or (K) of subsection (d)(1))'' after ``individual''.
(b) Effective Date.--The amendment made by this section shall apply
to individuals who begin work for the employer after December 31, 2018.
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