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House Bill 2638
115th Congress(2017-2018)
Jobs for Veterans Act of 2017
Introduced
Introduced
Introduced in House on May 24, 2017
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Introduced in House 
May 24, 2017
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Introduced in House(May 24, 2017)
May 24, 2017
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H. R. 2638 (Introduced-in-House)


115th CONGRESS
1st Session
H. R. 2638


To amend the Internal Revenue Code of 1986 to allow an increased work opportunity credit with respect to recent veterans, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

May 24, 2017

Mr. King of New York (for himself, Ms. Rosen, Mr. Welch, Mr. Valadao, Mr. Olson, and Mr. Garamendi) 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 an increased work opportunity credit with respect to recent veterans, and for other purposes.

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 “Jobs for Veterans Act of 2017”.

SEC. 2. Work opportunity credit for recent veterans.

(a) Work opportunity credit.—Section 51 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

“(l) Special rules for veterans.—For purposes of this subpart—

“(1) IN GENERAL.—In the case of an individual who is an applicable veteran who begins work for the employer after December 31, 2016, and before January 1, 2021, the following rules shall apply:

“(A) APPLICABLE VETERAN.—Such individual shall be treated as a member of a targeted group.

“(B) INCREASED PERCENTAGE.—Subsection (a) shall be applied by substituting ‘100 percent’ for ‘40 percent’.

“(C) WAGE LIMITATION.—Paragraph (3) of subsection (b) shall be applied—

“(i) by substituting ‘$5,000’ for ‘$6,000’, and

“(ii) without regard to the parenthetical therein.

“(D) MINIMUM EMPLOYMENT PERIODS.—Subparagraph (A) of subsection (i)(3) shall be applied by substituting ‘0 percent’ for ‘25 percent’.

“(E) DISABLED VETERANS.—In the case of such an individual who is a qualified veteran by reason of subsection (d)(3)(A)(ii), the credit determined with respect to such individual under the rules of this subsection shall be in addition to any credit allowable with respect to such individual under this section determined without regard to this subsection.

“(2) APPLICABLE VETERAN.—The term ‘applicable veteran’ means any veteran (as defined in subsection (d)(3)(B)) who is certified by the designated local agency as having been discharged or released from active duty in the Armed Forces of the United States after September 11, 2001.

“(3) ELECTION TO HAVE SUBSECTION NOT APPLY.—A taxpayer may elect (at such time and in such form and manner as the Secretary shall prescribe) to have this subsection not apply with respect to an individual for any taxable year.”.

(b) Effective date.—The amendment made by subsection (a) shall apply to individuals who begin work for the employer after December 31, 2016.