VOW to Hire Heroes Extension Act of 2021
- Last Action
- 5/4/2021
Actions
- 2021-05-04Referred to the House Committee on Ways and Means.
- 2021-05-04Introduced in House
- 2021-05-04Introduced in House
CRS Summary
As of 2021-05-04 (00)
VOW to Hire Heroes Extension Act of 2021
This bill (1) makes permanent the work opportunity tax credit with respect to qualified veterans, (2) revises tax credit eligibility requirements for documenting the status of veterans and their receipt of unemployment compensation, and (3) extends the payroll tax offset for such credit to certain for-profit employers.
The Internal Revenue Service must make annual reports to Congress on the effectiveness and cost-effectiveness of this bill in increasing the employment of veterans.
The bill directs the Department of the Treasury to pay to each U.S. possession (i.e., American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, and the U.S. Virgin Islands) amounts equal to the losses to such possessions due to this bill.
Cosponsors (1)
- Chris Pappas (D-NH)
Subjects
- American Samoa
- Appropriations
- Caribbean area
- Congressional oversight
- Employee hiring
- Employment taxes
- Government trust funds
- Guam
- Income tax credits
- Northern Mariana Islands
- Puerto Rico
- Social security and elderly assistance
- Unemployment
- Veterans' education, employment, rehabilitation
- Virgin Islands
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.