-Reservist Labour Incentivisation Act 576AER-

==PREAMBLE==
In concordance with this Government's plan to channel the skills and talents of our servicemen towards civil life, we seek new ways to guarantee work and a good standard of living to those who serve as our army reservists. For this purpose, we introduce the following proposal to parliament. This act shall give percentage based tax-credits to private companies on the earnings of active reservists that they hired for a set period of time. With this we hope to stimulate growth, decrease unemployment, the state and federal deficits, and abandon a system which funnels over 30% of our budget into the military. 
---- Labour Secretary Al Franken
==DEFINITION==
An act to incentivise private industry to hire reservist service(wo)men through a system of bracket-based tax credits.
==Reservist Labour Incentivisation Act 576AER==
Be it enacted by the Emperor's most Excellent Majesty, Vinther III, by and with the advice and consent of the Chamber of Deputies and the Imperial Senate, in this present Parliament assembled, and by the authority of the same, as follows:--
==SECTION 1: WOTC==
(1) Businesses that hire eligible unemployed reservists can take advantage of a Work Opportunity Tax Credit (WOTC).
(2) Forms 8850 (Pre-Screening Notice and Certification Request for the Work Opportunity Credit), 9061 (Individual Characteristics Form (ICF)
*Work Opportunity Tax Credit), 9062 (Conditional Certification
*Work Opportunity Tax Credit) shall be introduced to apply for WOTC.
(3) After the target group employee is certified by the Department of Labour, Industry and Pensions, one must file for the tax credit with the Department of Industry, Labour and Pensions
==SECTION 2: TAX CREDIT BRACKETS==
(1) Employers earn a tax credit only if employees work at least 800 hours in the first year of employment. 
(2) If an employee works at least 800 hours in the first year of employment, the employer earns a tax credit equal to 25% of the employee's earnings.
(3) If an employee works at least 1600 hours in the first year of employment, the employer earns a tax credit equal to 40% of the employee's earnings
Category:The Institute of Laws and Regulations