Home > 106th Congressional Bills > H.R. 5081 (ih) To amend part B of title IV of the Social Security Act to create a grant program to promote joint activities among Federal, State, and local public child welfare and alcohol and drug abuse prevention and treatment agencies. [Introduced in H...

H.R. 5081 (ih) To amend part B of title IV of the Social Security Act to create a grant program to promote joint activities among Federal, State, and local public child welfare and alcohol and drug abuse prevention and treatment agencies. [Introduced in H...


Google
 
Web GovRecords.org








108th CONGRESS
  2d Session
                                H. R. 5080

To amend the Internal Revenue Code of 1986 to allow employers a $1,000 
credit against income tax for every 3 years that they employ a veteran.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 15, 2004

 Mr. Saxton (for himself, Mr. Burr, Mr. Wilson of South Carolina, Mr. 
    Cardoza, Mr. Meehan, Mr. Walsh, Mr. Garrett of New Jersey, Mr. 
 Stenholm, Mr. Sherwood, Mr. LoBiondo, Ms. Ros-Lehtinen, Mr. Sandlin, 
Mr. Sensenbrenner, Mr. Gibbons, and Mr. Towns) 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 allow employers a $1,000 
credit against income tax for every 3 years that they employ a veteran.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veterans' Employment Act of 2004''.

SEC. 2. $1,000 INCOME TAX CREDIT EVERY 3 YEARS FOR EMPLOYING A VETERAN.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business related 
credits) is amended by inserting after section 45F the following new 
section:

``SEC. 45G. EMPLOYER CREDIT FOR EVERY 3 YEARS OF FULL-TIME EMPLOYMENT 
              OF VETERAN.

    ``(a) In General.--For purposes of section 38, the veteran 
employment credit determined under this section for the taxable year is 
$1,000 for each veteran (as defined in section 101 of title 38, United 
States Code) whose has a 3-year employment period ending during the 
taxable year.
    ``(b) 3-Year Employment Period.--For purposes of this section, a 
veteran's 3-year employment period is each 3-year period throughout 
which the veteran is a full-time employee of the taxpayer (or a 
predecessor) in a trade or business. A day of employment shall be taken 
into account under the preceding sentence with respect to any 
employment period only if not taken into account with respect to any 
prior period.
    ``(c) Special Rules.--
            ``(1) Inflation adjustment.--In the case of any taxable 
        year beginning in a calendar year after 2005, the dollar amount 
        contained in subsection (a) shall be increased by an amount 
        equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins, determined by substituting 
                `calendar year 2004' for `calendar year 1992' in 
                subparagraph (B) thereof.
        Any increase determined under the preceding sentence shall be 
        rounded to the nearest multiple of $50.
            ``(2) Other rules.--Rules similar to the rules of section 
        52 shall apply for purposes of this section.''
    (b) Credit Made Part of General Business Credit.--
            (1) In general.--Subsection (b) of section 38 of such Code 
        (relating to current year business credit) is amended by 
        striking ``plus'' at the end of paragraph (14), by striking the 
        period at the end of paragraph (15) and inserting ``, plus'', 
        and by adding at the end thereof the following new paragraph:
            ``(16) the veteran employment credit determined under 
        section 45G(a).''.
            (2) Limitation on carryback.--Subsection (d) of section 39 
        of such Code is amended by adding at the end the following new 
        paragraph:
            ``(11) No carryback of veteran employment credit before 
        effective date.--No portion of the unused business credit for 
        any taxable year which is attributable to the credit determined 
        under section 45G may be carried back to any taxable year 
        beginning on or before the date of the enactment of this 
        paragraph.''.
    (c) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by 
inserting after the item relating to section 45F the following new 
item:

                              ``Sec. 45G. Employer credit for every 3 
                                        years of full-time employment 
                                        of veteran.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act; except that such amendments shall take into account periods 
of employment on or before such date.
                                 <all>

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.J.Res. 129 (ih) Making further continuing appropriations for the fiscal year 2001, and for other purposes. [Introduced in House] ...
2 H.R. 2606 (enr) Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 2000, and for other purposes. [Enrolled bill] ...
3 H.R. 1101 (ih) To amend the Endangered Species Act of 1973 to improve the ability of individuals and local, State, and Federal agencies to prevent natural flood disaster. [Introduced in House] ...
4 S. 1640 (is) To amend the Internal Revenue Code of 1986 and the Employee Retirement [Introduced in Senate] ...
5 H.R. 3490 (ih) To amend the Internal Revenue Code of 1986 to clarify the status of professional employer organizations and to promote and protect the interests of professional employer organizations, their customers, and workers. [Introduced in House] %%F...
6 H.R. 5052 (ih) To ensure that milk producers in the United States receive a fair price [Introduced in House] ...
7 H.Res. 340 (ih) Expressing the appreciation of the House of Representatives to the King [Introduced in House] ...
8 S. 797 (is) To apply the Foreign Corrupt Practices Act of 1977 to the International Olympic Committee. [Introduced in Senate] ...
9 S. 2300 (es) To amend the Mineral Leasing Act to increase the maximum acreage of Federal leases for coal that may be held by an entity in any 1 State. [Engrossed in Senate] ...
10 S.Con.Res. 146 (es) [Engrossed in Senate] ...
11 H.Res. 583 (eh) [Engrossed in House] ...
12 S. 1810 (rs) To amend title 38, United States Code, to clarify and improve veterans' claims and appellate procedures. [Reported in Senate] ...
13 S. 348 (es) To authorize and facilitate a program to enhance training, research and development, energy conservation and efficiency, and consumer education in the oilheat industry for the benefit of oilheat consumers and the public, and for other purposes...
14 H.R. 5164 (rh) To amend title 49, United States Code, to require reports concerning defects in motor vehicles or tires or other motor vehicle equipment in foreign countries, and for other purposes. [Reported in House] ...
15 S. 2915 (enr) To make improvements in the operation and administration of the Federal courts, and for other purposes. [Enrolled bill] ...
16 H.R. 3986 (enr) To provide for a study of the engineering feasibility of a water exchange in lieu of electrification of the Chandler Pumping Plant at Prosser Diversion Dam, Washington. [Enrolled bill] ...
17 H.R. 5499 (ih) To reduce the impacts of hurricanes, tornadoes, and other windstorms through a program of research and development and technology transfer, and for other purposes. [Introduced in House] ...
18 S.Res. 53 (is) To designate March 24, 1999, as ``National School Violence Victims' Memorial Day''. [Introduced in Senate] ...
19 S. 2798 (is) To amend the Federal Deposit Insurance Act to require periodic cost-of- living adjustments to the amount of deposit insurance coverage available under that Act. [Introduced in Senate] ...
20 H.R. 1680 (rh) To provide for the conveyance of Forest Service property in Kern County, California, in exchange for county lands suitable for inclusion in Sequoia National Forest. [Reported in House] ...
21 H.R. 2348 (rh) To authorize the Bureau of Reclamation to provide cost sharing for the endangered fish recovery implementation programs for the Upper Colorado and San Juan River Basins. [Reported in House] ...
22 H.R. 792 (ih) To preserve and protect the free choice of individual employees to form, join, or assist labor organizations, or to refrain from such activities. [Introduced in House] ...
23 S. 783 (rfh) To limit access to body armor by violent felons and to facilitate the donation of Federal surplus body armor to State and local law enforcement agencies. [Referred in House] ...
24 H.R. 3029 (ih) To amend title XVIII of the Social Security Act to increase Medicare payment to skilled nursing facilities that have a significant proportion of residents with AIDS. [Introduced in House] ...
25 S. 2413 (is) To amend the Omnibus Crime Control and Safe Streets Act of 1968 to clarify the procedures and conditions for the award of matching grants for the purchase of armor vests. [Introduced in Senate] ...
26 H.Con.Res. 27 (rds) Providing for an adjournment or recess of the two Houses. [Received in the Senate] ...
27 S. 2352 (is) To designate portions of the Wekiva River and associated tributaries as a component of the National Wild and Scenic Rivers System. [Introduced in Senate] ...
28 H.J.Res. 54 (enr) Granting the consent of Congress to the Missouri-Nebraska Boundary Compact. [Enrolled bill] ...
29 H.Res. 492 (ih) Expressing the sense of the House of Representatives in support of America's teachers. [Introduced in House] ...
30 S. 1245 (is) To allow access for researchers to the Continuous Work History Sample data of the Social Security Administration. [Introduced in Senate] ...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy