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INVEST Act

USA116th CongressHR-322| House 
| Updated: 1/8/2019
Barbara Lee

Barbara Lee

Democratic Representative

California

Cosponsors (1)
John Garamendi (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Incentives for our Nation's Veterans in Energy Sustainability Technologies or the INVEST Act This bill allows the work opportunity tax credit to be used for the hiring of a specified veteran who works in a field of renewable energy. A "specified veteran" means any veteran who is certified as (1) having received a credential or certification from the Department of Defense of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) having completed a vocational degree in a field of renewable energy; or (3) having completed a LEED (Leadership in Energy & Environmental Design) certification with the United States Green Building Council. The Department of the Treasury shall pay (1) each U.S. possession (i.e., American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands) with a mirror code tax system amounts equal to the loss to such possession due to this bill; and (2) each U.S. possession without such a tax system an amount estimated to equal the loss to such possession that would have occurred due to this bill if such a tax system had been in effect.
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Timeline
Jan 8, 2019
Introduced in House
Jan 8, 2019
Referred to the House Committee on Ways and Means.
Jan 9, 2020

Latest Companion Bill Action

S 116-3181
Introduced in Senate
  • January 8, 2019
    Introduced in House


  • January 8, 2019
    Referred to the House Committee on Ways and Means.


  • January 9, 2020

    Latest Companion Bill Action

    S 116-3181
    Introduced in Senate

Taxation

Alternative and renewable resourcesAmerican SamoaCaribbean areaGuamIncome tax creditsNorthern Mariana IslandsPuerto RicoU.S. territories and protectoratesVeterans' education, employment, rehabilitationVirgin IslandsWages and earnings

INVEST Act

USA116th CongressHR-322| House 
| Updated: 1/8/2019
Incentives for our Nation's Veterans in Energy Sustainability Technologies or the INVEST Act This bill allows the work opportunity tax credit to be used for the hiring of a specified veteran who works in a field of renewable energy. A "specified veteran" means any veteran who is certified as (1) having received a credential or certification from the Department of Defense of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) having completed a vocational degree in a field of renewable energy; or (3) having completed a LEED (Leadership in Energy & Environmental Design) certification with the United States Green Building Council. The Department of the Treasury shall pay (1) each U.S. possession (i.e., American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands) with a mirror code tax system amounts equal to the loss to such possession due to this bill; and (2) each U.S. possession without such a tax system an amount estimated to equal the loss to such possession that would have occurred due to this bill if such a tax system had been in effect.
View Full Text

Suggested Questions

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

Timeline
Jan 8, 2019
Introduced in House
Jan 8, 2019
Referred to the House Committee on Ways and Means.
Jan 9, 2020

Latest Companion Bill Action

S 116-3181
Introduced in Senate
  • January 8, 2019
    Introduced in House


  • January 8, 2019
    Referred to the House Committee on Ways and Means.


  • January 9, 2020

    Latest Companion Bill Action

    S 116-3181
    Introduced in Senate
Barbara Lee

Barbara Lee

Democratic Representative

California

Cosponsors (1)
John Garamendi (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative and renewable resourcesAmerican SamoaCaribbean areaGuamIncome tax creditsNorthern Mariana IslandsPuerto RicoU.S. territories and protectoratesVeterans' education, employment, rehabilitationVirgin IslandsWages and earnings