Military Reserve Small Business Jobs Act of 2015

Bill: 114-s-641
Sponsor: full_name: Sen. Peters, Gary C. [D-MI]
Introduced: 2015-03-03
Policy area: Taxation
Subjects: Income tax credits

Military personnel and dependents

Small business

Wages and earnings
Latest action: action_date: 2015-03-03
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-03-03
action_desc: Introduced in Senate
text: <p><strong>Military Reserve Small Business Jobs Act of 2015</strong></p> <p> Amends the Internal Revenue Code to extend through 2019 the tax credit for differential wage payments made by a small business employer on behalf of employees who are active duty members of the uniformed services. </p>

tv_txt: II 114th CONGRESS 1st Session S. 641 IN THE SENATE OF THE UNITED STATES March 3, 2015 Mr. Peters (for himself and Mrs. Ernst ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend the employer wage credit for activated military reservists.

1. Short title This Act may be cited as the Military Reserve Small Business Jobs Act of 2015 . 2. Extension of employer wage credit for activated military reservists (a) In general Section 45P(f) of the Internal Revenue Code of 1986 is amended by striking December 31, 2014 and inserting December 31, 2019 . (b) Effective date The amendment made by this section shall apply to payments made after December 31, 2014.