To amend the Internal Revenue Code of 1986 to make permanent the work opportunity tax credit and to allow the transfer of such credit in the case of contracted veterans.

Amends the Internal Revenue Code, with respect to the work opportunity tax credit, to: (1) make such credit permanent, and (2) allow the transfer of credit amounts to an individual other than the employer for computer services performed by a qualified veteran (i.e. an unemployed veteran with a service-connected disability).

[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 145 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 145

 To amend the Internal Revenue Code of 1986 to make permanent the work 
opportunity tax credit and to allow the transfer of such credit in the 
                      case of contracted veterans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2015

  Mr. Jolly 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 make permanent the work 
opportunity tax credit and to allow the transfer of such credit in the 
                      case of contracted veterans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. WORK OPPORTUNITY TAX CREDIT MADE PERMANENT.

    (a) In General.--Subsection (c) of section 51 of the Internal 
Revenue Code of 1986 is amended by striking paragraph (4).
    (b) Effective Date.--The amendment made by this section shall apply 
to individuals who begin work for the employer after December 31, 2014.

SEC. 2. TRANSFER OF CREDIT IN CASE OF CONTRACTED VETERANS.

    (a) In General.--Section 51 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subsection:
    ``(l) Special Rule for Contracted Veteran Employees.--
            ``(1) In general.--In the case of an employee who--
                    ``(A) is a qualified veteran, and
                    ``(B) receives remuneration by an employer for 
                qualified computer services performed by the individual 
                for another person,
        if the employer so elects, the amount of credit determined 
        under this section (or any portion thereof specified in the 
        election) with respect to such employee for the taxable year 
        which would (but for this subsection) be allowable to the 
        employer shall be allowable to such other person, and such 
        other person shall be treated as the taxpayer for purposes of 
        this title with respect to such credit (or such portion 
        thereof).
            ``(2) Qualified computer services.--For purposes of this 
        subsection, the term `qualified computer services' means 
        services of a type that would be classified as a computer 
        occupation in the Bureau of Labor Statistics Standard 
        Occupational Classification System.
            ``(3) Year credit allowed.--In the case of an election 
        under paragraph (1), the credit shall be allowable for the 
        first taxable year of such other person ending with or after 
        the employer's taxable year for which the credit was 
        determined.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to individuals who begin work for the employer after December 31, 2014.
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