House Bill 7072
115th Congress(2017-2018)
Reserve Component Employer Incentive, Compensation, and Relief Act of 2018
Introduced
Introduced in House on Oct 16, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7072
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Reserve Component Employer Incentive, Compensation, and Relief Act of 2018
This bill amends the Internal Revenue Code to allow a tax credit for certain employers of reservists (i.e., members of the National Guard or a reserve component of the Armed Forces).
The tax credit is equal to $1,000 for each reservist employed during the year, plus an additional amount that ranges from $3,000 to $10,000, depending on the number of days the reservist serves in the uniformed services during the year.
October 16, 2018
10/16/2018
Referred to the House Committee on Ways and Means.
10/16/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:41:15 PM