I 

112TH CONGRESS 

1ST SESSION H. R. 2443 

To amend the Internal Revenue Code of 1986 to increase the limitation 

on expensing certain depreciable assets for certain businesses that hire 

veterans. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 7, 2011 

Mr. MILLER of Florida 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 increase 

the limitation on expensing certain depreciable assets 

for certain businesses that hire veterans. 

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 ‘‘Tax Credit to Hire 

5 Veterans Act of 2011’’. 


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1 SEC. 2. INCREASED EXPENSING FOR CERTAIN BUSINESSES 

2 HIRING VETERANS. 

3 (a) IN GENERAL.—Section 179 of the Internal Rev4 enue Code of 1986 is amended by adding at the end the 

5 following new subsection: 

6 ‘‘(g) SPECIAL RULES FOR SMALL EMPLOYERS HIR7 ING VETERANS.— 

8 ‘‘(1) IN GENERAL.—In the case of an eligible 

9 small employer, the limitation under subsection 

10 (b)(1) for the taxable year (after the application of 

11 subsection (b)(2)) shall be increased by an amount 

12 equal to— 

13 ‘‘(A) $25,000, multiplied by, 

14 ‘‘(B) the number of veteran new-hires of 

15 such employer. 

16 ‘‘(2) LIMITATION.—The number of veteran 

17 new-hires which may be taken into account by an 

18 employer for any taxable year under paragraph (1) 

19 shall not exceed 25. 

20 ‘‘(3) DEFINITIONS AND SPECIAL RULE.—For 

21 purposes of this subsection— 

22 ‘‘(A) ELIGIBLE SMALL EMPLOYER.—For 

23 purposes of this subsection, the term ‘eligible 

24 small employer’ means any person who carries 

25 on a trade or business— 


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1 ‘‘(i) the gross receipts of which for the 

2 preceding taxable year did not exceed 

3 $5,000,000, or 

4 ‘‘(ii) in the case of a trade or business 

5 to which subparagraph (A) does not apply, 

6 which employed not more than 500 full7 time employees during the preceding tax8 able year. 

9 ‘‘(B) VETERAN NEW-HIRE.—The term 

10 ‘veteran new-hire’ means, with respect to any 

11 employer for the taxable year, an individual— 

12 ‘‘(i) who is a veteran (as defined in 

13 section 101 of title 38, United States 

14 Code), 

15 ‘‘(ii) who was a full-time employee of 

16 the employer during the 1-year period be17 ginning with the date the employment with 

18 the employer began, 

19 ‘‘(iii) with respect to whom such 1- 

20 year period ends during the taxable year, 

21 ‘‘(iv) who certifies by signed affidavit, 

22 under penalties of perjury, that such indi23 vidual was unemployed on day before the 

24 date the employment with the employer 

25 began, 


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1 ‘‘(v) who is not employed by the em2 ployer to replace another employee of such 

3 employer unless such other employee sepa4 rated from employment voluntarily or for 

5 cause, 

6 ‘‘(vi) who is not an individual de7 scribed in section 51(i)(1) (applied by sub8 stituting ‘employer’ for ‘taxpayer’ each 

9 place it appears), 

10 ‘‘(vii) who has not been a veteran 

11 new-hire with respect to such employer for 

12 any preceding taxable year, and 

13 ‘‘(viii) who has not been employed by 

14 the employer at any time during the 180- 

15 day period ending on the date the employ16 ment with the employer began. 

17 ‘‘(C) FULL-TIME.—An employee shall be 

18 treated as full time if such employee is em19 ployed on average at least 38 hours of service 

20 per week. 

21 ‘‘(D) CONTROLLED GROUPS.—All persons 

22 which are treated as a single employer under 

23 subsections (a) and (b) of section 52 shall be 

24 treated as a single taxpayer. 


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1 ‘‘(4) TERMINATION.—This subsection shall not 

2 apply to taxable years beginning after December 31, 

3 2014.’’. 

4 (b) EFFECTIVE DATE.—The amendment made by 

5 this section shall apply with respect to individuals who 

6 begin work for the employer after the date of the enact7 ment of this Act. 

Æ 


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