S.Amdt. 2746
What it does: Adds Subtitle F--Work Opportunity Tax Credit SEC. 451. WORK OPPORTUNITY CREDIT TO SMALL BUSINESSES FOR HIRING MEMBERS OF READY RESERVE OR NATIONAL GUARD on page 207, between lines 8 and 9
Sen. Kay R. Hagan (D-NC)What it changes
1 change to S. 1982
Adds Subtitle F--Work Opportunity Tax Credit SEC. 451. WORK OPPORTUNITY CREDIT TO SMALL BUSINESSES FOR HIRING MEMBERS OF READY RESERVE OR NATIONAL GUARD on page 207, between lines 8 and 9
Adds a sectionPrinted pageInserted: Subtitle F--Work Opportunity Tax Credit SEC. 451. WORK OPPORTUNITY CREDIT TO SMALL BUSINESSES FOR HIRING MEMBERS OF READY RESERVE OR NATIONAL GUARD.
Inserted: (a) In General.--Section 51 of the Internal Revenue Code of 1986 is amended--
Inserted: (1) in paragraph (3) of subsection (b), by inserting "or any individual described in subparagraph (J) of subsection (d)(1) who has been certified as having aggregate periods of unemployment described in clause (ii)(III) of such subparagraph" after "subsection (d)(3)(A)(iv)", and
Inserted: (2) in paragraph (1) of subsection (d), by striking "or" at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting ", or", and by adding at the end the following new subparagraph:
Inserted: "(J) in the case of an eligible employer (as defined in section 408(p)(2)(C)(i)), an individual who--
Inserted: "(i) is a member of--
Inserted: "(I) the Ready Reserve (as described in section 10142 of title 10, United States Code), or
Inserted: "(II) the National Guard (as defined in section 101(c)(1) of such title 10), and
Inserted: "(ii) is certified by the designated local agency as--
Inserted: "(I) being a member of a family described in clause (i) of paragraph (3)(A),
Inserted: "(II) having aggregate periods of unemployment during the 1-year period ending on the hiring date which equal or exceed 4 weeks (but less than 6 months), or
Inserted: "(III) having aggregate periods of unemployment during the 1-year period ending on the hiring date which equal or exceed 6 months.".
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Inserted: (b) Effective Date.--The amendment made by this section shall apply to wages paid or incurred by the employer during the taxable year to individuals who begin work for the employer after the date of the enactment of this Act.
Inserted: SEC. 452. PERMANENT EXTENSION OF WORK OPPORTUNITY CREDIT FOR EMPLOYERS HIRING QUALIFIED VETERANS AND MEMBERS OF READY RESERVE AND NATIONAL GUARD.
Inserted: (a) In General.--Section 51(c)(4) of the Internal Revenue Code of 1986 is amended by inserting "(other than any individual described in subparagraph (B) or (J) of subsection (d)(1))" after "individual".
Inserted: (b) Effective Date.--The amendment made by this section shall apply to individuals who begin work for the employer after December 31, 2013.
Original wording
On page 207, between lines 8 and 9, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2746. Mrs. HAGAN (for herself and Mrs. Gillibrand) submitted an amendment intended to be proposed by her to the bill S. 1982, to improve the provision of medical services and benefits to veterans, and for other purposes; which was ordered to lie on the table; as follows:
On page 207, between lines 8 and 9, insert the following:
Subtitle F--Work Opportunity Tax Credit SEC. 451. WORK OPPORTUNITY CREDIT TO SMALL BUSINESSES FOR HIRING MEMBERS OF READY RESERVE OR NATIONAL GUARD.
(a) In General.--Section 51 of the Internal Revenue Code of 1986 is amended--
(1) in paragraph (3) of subsection (b), by inserting “or any individual described in subparagraph (J) of subsection (d)(1) who has been certified as having aggregate periods of unemployment described in clause (ii)(III) of such subparagraph” after “subsection (d)(3)(A)(iv)”, and
(2) in paragraph (1) of subsection (d), by striking “or” at the end of subparagraph (H), by striking the period at the end of subparagraph (I) and inserting “, or”, and by adding at the end the following new subparagraph:
“(J) in the case of an eligible employer (as defined in section 408(p)(2)(C)(i)), an individual who--
“(i) is a member of--
“(I) the Ready Reserve (as described in section 10142 of title 10, United States Code), or
“(II) the National Guard (as defined in section 101(c)(1) of such title 10), and
“(ii) is certified by the designated local agency as--
“(I) being a member of a family described in clause (i) of paragraph (3)(A),
“(II) having aggregate periods of unemployment during the 1-year period ending on the hiring date which equal or exceed 4 weeks (but less than 6 months), or
“(III) having aggregate periods of unemployment during the 1-year period ending on the hiring date which equal or exceed 6 months.”.
(b) Effective Date.--The amendment made by this section shall apply to wages paid or incurred by the employer during the taxable year to individuals who begin work for the employer after the date of the enactment of this Act.
SEC. 452. PERMANENT EXTENSION OF WORK OPPORTUNITY CREDIT FOR EMPLOYERS HIRING QUALIFIED VETERANS AND MEMBERS OF READY RESERVE AND NATIONAL GUARD.
(a) In General.--Section 51(c)(4) of the Internal Revenue Code of 1986 is amended by inserting “(other than any individual described in subparagraph (B) or (J) of subsection (d)(1))” after “individual”.
(b) Effective Date.--The amendment made by this section shall apply to individuals who begin work for the employer after December 31, 2013.
Legislative Activity
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Senate amendment submitted
February 25, 2014