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To amend the Internal Revenue Code of 1986 to allow for a credit against tax for employers of reservists.

USA115th CongressHR-7072| House 
| Updated: 10/16/2018
Timothy J. Walz

Timothy J. Walz

Democratic Representative

Minnesota

Cosponsors (2)
Tim Ryan (Democratic)Steven M. Palazzo (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Reserve Component Employer Incentive, Compensation, and Relief Act of 2018 This bill amends the Internal Revenue Code to allow a tax credit for certain employers of reservists (i.e., members of the National Guard or a reserve component of the Armed Forces). The tax credit is equal to $1,000 for each reservist employed during the year, plus an additional amount that ranges from $3,000 to $10,000, depending on the number of days the reservist serves in the uniformed services during the year.
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Timeline
Oct 16, 2018
Introduced in House
Oct 16, 2018
Referred to the House Committee on Ways and Means.
  • October 16, 2018
    Introduced in House


  • October 16, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Income tax creditsMilitary personnel and dependentsNational Guard and reserves

To amend the Internal Revenue Code of 1986 to allow for a credit against tax for employers of reservists.

USA115th CongressHR-7072| House 
| Updated: 10/16/2018
Reserve Component Employer Incentive, Compensation, and Relief Act of 2018 This bill amends the Internal Revenue Code to allow a tax credit for certain employers of reservists (i.e., members of the National Guard or a reserve component of the Armed Forces). The tax credit is equal to $1,000 for each reservist employed during the year, plus an additional amount that ranges from $3,000 to $10,000, depending on the number of days the reservist serves in the uniformed services during the year.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 16, 2018
Introduced in House
Oct 16, 2018
Referred to the House Committee on Ways and Means.
  • October 16, 2018
    Introduced in House


  • October 16, 2018
    Referred to the House Committee on Ways and Means.
Timothy J. Walz

Timothy J. Walz

Democratic Representative

Minnesota

Cosponsors (2)
Tim Ryan (Democratic)Steven M. Palazzo (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax creditsMilitary personnel and dependentsNational Guard and reserves