Jobs for Veterans Act of 2013 - Amends the Internal Revenue Code to allow an increased work opportunity tax credit for the hiring in 2013 or 2014 of veterans discharged or released from active military duty after September 11, 2001.
Reduces amounts authorized to be appropriated to the Department of Veterans Affairs for general administration in FY2013 and FY2014 to offset the cost of the increased credit allowed by this Act.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3653 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 3653
To amend the Internal Revenue Code of 1986 to allow an increased work
opportunity credit with respect to recent veterans, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 4, 2013
Mr. King of New York (for himself, Mr. Poe of Texas, Ms. Kelly of
Illinois, Mr. Grimm, Mr. Webster of Florida, and Mr. Olson) introduced
the following bill; which was referred to the Committee on Ways and
Means, and in addition to the Committee on Veterans' Affairs, for a
period to be subsequently determined by the Speaker, in each case for
consideration of such provisions as fall within the jurisdiction of the
committee concerned
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to allow an increased work
opportunity credit with respect to recent veterans, 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 ``Jobs for Veterans Act of 2013''.
SEC. 2. WORK OPPORTUNITY CREDIT FOR RECENT VETERANS.
(a) Work Opportunity Credit.--
(1) In general.--Section 51 of the Internal Revenue Code of
1986 is amended by adding at the end the following new
subsection:
``(l) Special Rules for Veterans.--For purposes of this subpart--
``(1) In general.--In the case of an individual who is an
applicable veteran who begins work for the employer after
December 31, 2012, and before January 1, 2015, the following
rules shall apply:
``(A) Applicable veteran.--Such individual shall be
treated as a member of a targeted group.
``(B) Increased percentage.--Subsection (a) shall
be applied by substituting `100 percent' for `40
percent'.
``(C) Wage limitation.--Paragraph (3) of subsection
(b) shall be applied--
``(i) by substituting `$5,000' for
`$6,000', and
``(ii) without regard to the parenthetical
therein.
``(D) Minimum employment periods.--Subparagraph (A)
of subsection (i)(3) shall be applied by substituting
`0 percent' for `25 percent'.
``(E) Disabled veterans.--In the case of such an
individual who is a qualified veteran by reason of
subsection (d)(3)(A)(ii), the credit determined with
respect to such individual under the rules of this
subsection shall be in addition to any credit allowable
with respect to such individual under this section
determined without regard to this subsection.
``(2) Applicable veteran.--The term `applicable veteran'
means any veteran (as defined in subsection (d)(3)(B)) who is
certified by the designated local agency as having been
discharged or released from active duty in the Armed Forces of
the United States after September 11, 2001.
``(3) Election to have subsection not apply.--A taxpayer
may elect (at such time and in such form and manner as the
Secretary shall prescribe) to have this subsection not apply
with respect to an individual for any taxable year.
``(4) Special rule.--For purposes of this subsection, this
section shall be deemed to remain in effect with respect to
individuals who begin work for the employer after December 31,
2013, and before January 1, 2015.''.
(2) Effective date.--The amendments made by paragraph (1)
shall apply to individuals who begin work for the employer
after December 31, 2012.
(b) Offset.--The amounts otherwise authorized to be appropriated to
the Department of Veterans Affairs for General Administration are
hereby reduced as follows:
(1) The amount for fiscal year 2013 is reduced by
$5,000,000.
(2) The amount for fiscal year 2014 is reduced by
$5,000,000.
<all>
Introduced in House
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Economic Opportunity.
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