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
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
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.