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Hire A Hero Act of 2024
11/18/2024, 1:53 PM
Summary of Bill HR 10146
Bill 118 hr 10146, also known as the "Work Opportunity Credit for Small Businesses Act," aims to amend the Internal Revenue Code of 1986 to provide small businesses with a tax credit for hiring individuals who are members of the Ready Reserve or National Guard. The bill seeks to incentivize small businesses to hire these individuals who serve in the military reserves by offering them a tax credit.
The Work Opportunity Credit is a federal tax credit that encourages businesses to hire individuals from certain target groups who face barriers to employment. This bill specifically targets members of the Ready Reserve and National Guard, recognizing their service to the country and the unique skills and experiences they bring to the workforce.
By providing small businesses with a tax credit for hiring these individuals, the bill aims to support veterans and reservists in transitioning to civilian employment and to help small businesses access a pool of talented and dedicated workers. Additionally, the bill aims to strengthen the relationship between the military and civilian sectors by promoting the hiring of reservists and National Guard members. Overall, the Work Opportunity Credit for Small Businesses Act seeks to support both small businesses and members of the military reserves by providing a financial incentive for hiring reservists and National Guard members. This bill highlights the importance of supporting our military personnel and recognizing the valuable contributions they can make to the workforce.
The Work Opportunity Credit is a federal tax credit that encourages businesses to hire individuals from certain target groups who face barriers to employment. This bill specifically targets members of the Ready Reserve and National Guard, recognizing their service to the country and the unique skills and experiences they bring to the workforce.
By providing small businesses with a tax credit for hiring these individuals, the bill aims to support veterans and reservists in transitioning to civilian employment and to help small businesses access a pool of talented and dedicated workers. Additionally, the bill aims to strengthen the relationship between the military and civilian sectors by promoting the hiring of reservists and National Guard members. Overall, the Work Opportunity Credit for Small Businesses Act seeks to support both small businesses and members of the military reserves by providing a financial incentive for hiring reservists and National Guard members. This bill highlights the importance of supporting our military personnel and recognizing the valuable contributions they can make to the workforce.
Read the Full Bill
Current Status of Bill HR 10146
Bill HR 10146 is currently in the status of Bill Introduced since November 15, 2024. Bill HR 10146 was introduced during Congress 118 and was introduced to the House on November 15, 2024. Bill HR 10146's most recent activity was Referred to the House Committee on Ways and Means. as of November 15, 2024
Bipartisan Support of Bill HR 10146
Total Number of Sponsors
2Democrat Sponsors
2Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 10146
Primary Policy Focus
Alternate Title(s) of Bill HR 10146
To amend the Internal Revenue Code of 1986 to allow the work opportunity credit to small businesses which hire individuals who are members of the Ready Reserve or National Guard, and for other purposes.
To amend the Internal Revenue Code of 1986 to allow the work opportunity credit to small businesses which hire individuals who are members of the Ready Reserve or National Guard, and for other purposes.
Comments
Sponsors and Cosponsors of HR 10146
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