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...

Web GovRecords.org

  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.



                           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,


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


    (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 

              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 
            ``(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 
    (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 

                              ``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.

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.Con.Res. 281 (rh) Authorizing the use of the East Front of the Capitol Grounds for performances sponsored by the John F. Kennedy Center for the Performing Arts. [Reported in House] ...
2 H.R. 197 (rs) To designate the facility of the United States Postal Service at 410 North 6th Street in Garden City, Kansas, as the ``Clifford R. Hope Post Office''. [Reported in Senate] ...
3 H.R. 4679 (ih) To reauthorize appropriations from the Violent Crime Reduction Trust Fund for the State Criminal Alien Assistance Program. [Introduced in House] ...
4 H.R. 3194 (enr) Making consolidated appropriations for the fiscal year ending September 30, 2000, and for other purposes. [Enrolled bill] ...
5 S.Con.Res. 155 (rfh) Expressing the sense of Congress that the Government of the United States should actively support the aspirations of the democratic political forces in Peru toward an immediate and full restoration of democracy in that country. [Refer...
6 H.R. 5 (rh) To amend title II of the Social Security Act to eliminate the earnings test for individuals who have attained retirement age. [Reported in House] ...
7 S. 2190 (is) To suspend temporarily the duty on Solvent Blue 67. [Introduced in Senate] ...
8 H.R. 5531 (ih) To amend the Internal Revenue Code of 1986 to impose a windfall profit tax on electricity, and for other purposes. [Introduced in House] ...
9 H.R. 4092 (ih) To direct the Secretary of Transportation to prohibit the commercial operation of supersonic transport category aircraft that do not comply with stage 3 noise levels. [Introduced in House] ...
10 S.Res. 355 (is) Commending and congratulating Middlebury College. [Introduced in Senate] ...
11 S. 1100 (is) To amend the Endangered Species Act of 1973 to provide that the designation of critical habitat for endangered and threatened species be required as part of the development of recovery plans for those species. [Introduced in Senate] %%Filenam...
12 H.R. 1751 (rh) To establish the Carrizo Plain National Conservation Area in the State of California, and for other purposes. [Reported in House] ...
13 H.R. 1838 (rh) To assist in the enhancement of the security of Taiwan, and for other purposes. [Reported in House] ...
14 H.R. 4948 (ih) To amend the Reclamation Recreation Management Act of 1992 in order to provide for the security of dams, facilities, and resources under the jurisdiction of the Bureau of Reclamation. [Introduced in House] ...
15 S.Con.Res. 47 (is) Expressing the sense of Congress regarding the regulatory burdens on home health agencies. [Introduced in Senate] ...
16 H.Res. 385 (rh) Providing for consideration of the joint resolution (H.J. Res. 82) [Reported in House] ...
17 H.R. 394 (ih) To ensure that Federal taxpayers receive a fair return for the extraction of locatable minerals on public domain lands, and for other purposes. [Introduced in House] ...
18 H.R. 5566 (ih) To amend section 8 of the United States Housing Act of 1937 to [Introduced in House] ...
19 H.Res. 428 (ih) Condemning the discriminatory practices prevalent at Bob Jones University. [Introduced in House] ...
20 S. 2795 (is) To provide for the use and distribution of the funds awarded to the Western Shoshone identifiable group under Indian Claims Commission Docket Numbers 326-A-1, 326-A-3, 326-K, and for other purposes. [Introduced in Senate] ...
21 S. 1731 (es) To amend the Clean Air Act to provide that certain environmental reports shall continue to be required to be submitted. [Engrossed in Senate] ...
22 H.R. 2389 (enr) To restore stability and predictability to the annual payments made to States and counties containing National Forest System lands and public domain lands managed by the Bureau of Land Management for use by the counties for the benefit of...
23 S. 406 (is) To amend the Indian Health Care Improvement Act to make permanent the demonstration program that allows for direct billing of medicare, medicaid, and other third party payors, and to expand the eligibility under such program to other tribes an...
24 H.Res. 286 (ih) Recognizing that prevention of youth suicide is a compelling national priority. [Introduced in House] ...
25 H.R. 5236 (ih) To institute a moratorium on the imposition of the death penalty at the Federal level until a Commission on the Federal Death Penalty studies its use and policies ensuring justice, fairness, and due process are implemented. [Introduced in H...
26 S. 3043 (is) To close loopholes in the firearms laws which allow the unregulated manufacture, assembly, shipment, or transportation of firearms or firearm parts, and for other purposes. [Introduced in Senate] ...
27 H.R. 5449 (ih) To amend title XVIII of the Social Security Act to combat fraud and abuse under the Medicare Program with respect to partial hospitalization services. [Introduced in House] ...
28 S. 3003 (is) To preserve access to outpatient cancer therapy services under the [Introduced in Senate] ...
29 S.Res. 231 (is) Referring S. 1456 entitled ``A bill for the relief of Rocco A. Trecosta of Fort Lauderdale, Florida'' to the chief judge of the United States Court of Federal Claims for a report thereon. [Introduced in Senate] ...
30 S.Res. 148 (rs) Authorizing expenditures by the Committee on Foreign Relations. [Reported 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


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