I 

114TH CONGRESS 

1ST SESSION H. R. 260 

To amend the Internal Revenue Code of 1986 to provide the work opportunity 

tax credit with respect to the hiring of veterans in the field of renewable 

energy. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 9, 2015 

Ms. LEE 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 provide 

the work opportunity tax credit with respect to the hiring 

of veterans in the field of renewable energy. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Incentives for our Na5 tion’s Veterans in Energy Sustainability Technologies’’ or 

6 as the ‘‘INVEST Act’’. 


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1 SEC. 2. WORK OPPORTUNITY TAX CREDIT FOR VETERANS 

2 HIRED IN THE FIELD OF RENEWABLE EN3 ERGY. 

4 (a) IN GENERAL.—Section 51(d)(14) of the Internal 

5 Revenue Code of 1986 is amended to read as follows: 

6 ‘‘(14) CERTAIN VETERANS HIRED IN THE

7 FIELD OF RENEWABLE ENERGY.— 

8 ‘‘(A) IN GENERAL.—For purposes of this 

9 subpart, an individual shall be treated a mem10 ber of a targeted group if such individual is a 

11 specified veteran, but qualified wages with re12 spect to such individual shall include only wages 

13 attributable to services rendered in a field of re14 newable energy. 

15 ‘‘(B) SPECIFIED VETERAN.—For purposes 

16 of this paragraph, the term ‘specified veteran’ 

17 means any veteran (as defined in paragraph 

18 (3)) who is certified by the designated local 

19 agency as— 

20 ‘‘(i) having received a credential or 

21 certification from the Department of De22 fense of military occupational specialty or 

23 skill in a field of renewable energy or with 

24 respect to advanced manufacturing, ma25 chinist or welding, or engineering, 


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1 ‘‘(ii) having completed a vocational 

2 degree in a field of renewable energy dur3 ing the 1-year period ending on the hiring 

4 date, or 

5 ‘‘(iii) having completed a LEED cer6 tification with the United States Green 

7 Building Council. 

8 ‘‘(C) RENEWABLE ENERGY.—For purposes 

9 of this paragraph, renewable energy means re10 sources that rely on fuel sources that restore 

11 themselves over short periods of time and do 

12 not diminish, including the sun, wind, moving 

13 water, organic plant and waste material, and 

14 the earth’s heat.’’. 

15 (b) TREATMENT OF POSSESSIONS.— 

16 (1) PAYMENTS TO POSSESSIONS.— 

17 (A) MIRROR CODE POSSESSIONS.—The 

18 Secretary of the Treasury shall pay to each pos19 session of the United States with a mirror code 

20 tax system amounts equal to the loss to that 

21 possession by reason of the amendment made 

22 by this section. Such amounts shall be deter23 mined by the Secretary of the Treasury based 

24 on information provided by the government of 

25 the respective possession of the United States. 


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1 (B) OTHER POSSESSIONS.—The Secretary 

2 of the Treasury shall pay to each possession of 

3 the United States which does not have a mirror 

4 code tax system the amount estimated by the 

5 Secretary of the Treasury as being equal to the 

6 loss to that possession that would have occurred 

7 by reason of the amendment made by this sec8 tion if a mirror code tax system had been in ef9 fect in such possession. The preceding sentence 

10 shall not apply with respect to any possession 

11 of the United States unless such possession es12 tablishes to the satisfaction of the Secretary 

13 that the possession has implemented (or, at the 

14 discretion of the Secretary, will implement) an 

15 income tax benefit which is substantially equiv16 alent to the income tax credit in effect after the 

17 amendments made by this section. 

18 (2) COORDINATION WITH CREDIT ALLOWED

19 AGAINST UNITED STATES INCOME TAXES.—The 

20 credit allowed against United States income taxes 

21 for any taxable year under the amendment made by 

22 this section to section 51 of the Internal Revenue 

23 Code of 1986 to any person with respect to any 

24 qualified veteran shall be reduced by the amount of 

25 any credit (or other tax benefit described in paraVerDate Sep 11 2014 19:31 Jan 16, 2015 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H260.IH H260

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1 graph (1)(B)) allowed to such person against income 

2 taxes imposed by the possession of the United States 

3 by reason of this subsection with respect to such 

4 qualified veteran for such taxable year. 

5 (3) DEFINITIONS AND SPECIAL RULES.— 

6 (A) POSSESSION OF THE UNITED

7 STATES.—For purposes of this subsection, the 

8 term ‘‘possession of the United States’’ includes 

9 American Samoa, Guam, the Commonwealth of 

10 the Northern Mariana Islands, the Common11 wealth of Puerto Rico, and the United States 

12 Virgin Islands. 

13 (B) MIRROR CODE TAX SYSTEM.—For pur14 poses of this subsection, the term ‘‘mirror code 

15 tax system’’ means, with respect to any posses16 sion of the United States, the income tax sys17 tem of such possession if the income tax liabil18 ity of the residents of such possession under 

19 such system is determined by reference to the 

20 income tax laws of the United States as if such 

21 possession were the United States. 

22 (C) TREATMENT OF PAYMENTS.—For pur23 poses of section 1324(b)(2) of title 31, United 

24 States Code, the payments under this sub25 section shall be treated in the same manner as 


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1 a refund due from credit provisions described in 

2 such section. 

3 (f) EFFECTIVE DATE.—The amendment made by 

4 this section shall apply to individuals who begin work for 

5 the employer after December 31, 2014. 

Æ 


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