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[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5494 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5494

    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

                           September 16, 2014

   Ms. Lee of California (for herself and Mr. Honda) 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.

    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 ``Incentives for our Nation's Veterans 
in Energy Sustainability Technologies'' or as the ``INVEST Act''.

SEC. 2. WORK OPPORTUNITY TAX CREDIT FOR VETERANS HIRED IN THE FIELD OF 
              RENEWABLE ENERGY.

    (a) In General.--Section 51(d)(14) of the Internal Revenue Code of 
1986 is amended to read as follows:
            ``(14) Certain veterans hired in the field of renewable 
        energy.--
                    ``(A) In general.--For purposes of this subpart, an 
                individual shall be treated a member of a targeted 
                group if such individual is a specified veteran, but 
                qualified wages with respect to such individual shall 
                include only wages attributable to services rendered in 
                a field of renewable energy.
                    ``(B) Specified veteran.--For purposes of this 
                paragraph, the term `specified veteran' means any 
                veteran (as defined in paragraph (3)) who is certified 
                by the designated local agency as--
                            ``(i) having received a credential or 
                        certification from the Department of Defense of 
                        military occupational specialty or skill in a 
                        field of renewable energy or with respect to 
                        advanced manufacturing, machinist or welding, 
                        or engineering,
                            ``(ii) having completed a vocational degree 
                        in a field of renewable energy during the 1-
                        year period ending on the hiring date, or
                            ``(iii) having completed a LEED 
                        certification with the United States Green 
                        Building Council.
                    ``(C) Renewable energy.--For purposes of this 
                paragraph, renewable energy means resources that rely 
                on fuel sources that restore themselves over short 
                periods of time and do not diminish, including the sun, 
                wind, moving water, organic plant and waste material, 
                and the earth's heat.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to individuals who begin work for the employer after December 31, 2013.
                                 <all>
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