Jobs for Veterans Act of 2013

Bill: 113-hr-3653
Sponsor: full_name: Rep. King, Peter T. [R-NY-2]
Introduced: 2013-12-04
Policy area: Taxation
Subjects: Department of Veterans Affairs

Executive agency funding and structure

Income tax credits

Veterans' education, employment, rehabilitation

Wages and earnings
Latest action: action_date: 2013-12-11
text: Referred to the Subcommittee on Economic Opportunity.

Summaries:
action_date: 2013-12-04
action_desc: Introduced in House
text: <p>Jobs for Veterans Act of 2013 - Amends the Internal Revenue Code to allow an increased work opportunity tax credit for the hiring in 2013 or 2014 of veterans discharged or released from active military duty after September 11, 2001.</p> <p>Reduces amounts authorized to be appropriated to the Department of Veterans Affairs for general administration in FY2013 and FY2014 to offset the cost of the increased credit allowed by this Act. </p>

tv_txt: I 113th CONGRESS 1st Session H. R. 3653 IN THE HOUSE OF REPRESENTATIVES December 4, 2013 Mr. King of New York (for himself, Mr. Poe of Texas , Ms. Kelly of Illinois , Mr. Grimm , Mr. Webster of Florida , and Mr. Olson ) introduced the following bill; which was referred to the Committee on Ways and Means , and in addition to the Committee on Veterans’ Affairs , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 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.

1. Short title This Act may be cited as the Jobs for Veterans Act of 2013 . 2. Work opportunity credit for recent veterans (a) Work opportunity credit (1) In general 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, 2012, and before January 1, 2015, 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. (4) Special rule For purposes of this subsection, this section shall be deemed to remain in effect with respect to individuals who begin work for the employer after December 31, 2013, and before January 1, 2015. . (2) Effective date The amendments made by paragraph (1) shall apply to individuals who begin work for the employer after December 31, 2012. (b) Offset The amounts otherwise authorized to be appropriated to the Department of Veterans Affairs for General Administration are hereby reduced as follows: (1) The amount for fiscal year 2013 is reduced by $5,000,000. (2) The amount for fiscal year 2014 is reduced by $5,000,000.