US HB1570 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on April 15 2011 - 25% progression, died in committee
Action: 2011-04-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 15 2011 - 25% progression, died in committee
Action: 2011-04-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to provide employers a business tax credit for up to 10% of compensation not paid to their employees who were members of the Ready Reserve or National Guard absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee per year.
Title
To amend the Internal Revenue Code of 1986 to provide a tax credit to employers for the value of the service not performed during the period employees are performing service as members of the Ready Reserve or the National Guard.
Sponsors
| Rep. Gus Bilirakis [R-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-04-15 | House | Referred to the House Committee on Ways and Means. |
Subjects
Income tax credits
Military personnel and dependents
National Guard and reserves
Taxation
Wages and earnings
Military personnel and dependents
National Guard and reserves
Taxation
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/1570/all-info |
| Text | https://www.congress.gov/112/bills/hr1570/BILLS-112hr1570ih.pdf |
