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EMPLOY VETS Act
12/15/2023, 3:55 PM
Summary of Bill HR 1799
The EMPLOY VETS Act, also known as Bill 118 hr 1799, is a piece of legislation introduced in the US Congress with the goal of increasing employment opportunities for veterans. The bill aims to incentivize businesses to hire veterans by providing them with tax credits.
Under the EMPLOY VETS Act, businesses that hire veterans would be eligible for a tax credit equal to a percentage of the veteran's wages. The percentage of the credit would vary depending on the length of time the veteran has been unemployed and whether they have a service-connected disability.
The bill also includes provisions to streamline the process for businesses to claim the tax credit and ensure that the credit is targeted towards businesses that are truly hiring veterans. This includes requiring businesses to provide documentation proving that the veteran they hired meets the eligibility criteria for the tax credit. Overall, the EMPLOY VETS Act is aimed at reducing veteran unemployment rates and helping veterans transition back into civilian life. It is a bipartisan effort to support those who have served our country and ensure they have access to meaningful employment opportunities.
Under the EMPLOY VETS Act, businesses that hire veterans would be eligible for a tax credit equal to a percentage of the veteran's wages. The percentage of the credit would vary depending on the length of time the veteran has been unemployed and whether they have a service-connected disability.
The bill also includes provisions to streamline the process for businesses to claim the tax credit and ensure that the credit is targeted towards businesses that are truly hiring veterans. This includes requiring businesses to provide documentation proving that the veteran they hired meets the eligibility criteria for the tax credit. Overall, the EMPLOY VETS Act is aimed at reducing veteran unemployment rates and helping veterans transition back into civilian life. It is a bipartisan effort to support those who have served our country and ensure they have access to meaningful employment opportunities.
Congressional Summary of HR 1799
Ensure Military Personnel Learn Opportunities Yielding Vocations that Employ Transitioning Servicemembers Act or the EMPLOY VETS Act
This bill expands eligibility for certain job counseling, training, and placement services administered by the Department of Labor (including services under the Disabled Veterans Outreach Program) to members of the Armed Forces who are eligible for the Transition Assistance Program.
Read the Full Bill
Current Status of Bill HR 1799
Bill HR 1799 is currently in the status of Bill Introduced since March 24, 2023. Bill HR 1799 was introduced during Congress 118 and was introduced to the House on March 24, 2023. Bill HR 1799's most recent activity was Subcommittee Consideration and Mark-up Session Held. as of April 18, 2023
Bipartisan Support of Bill HR 1799
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1799
Primary Policy Focus
Armed Forces and National SecurityPotential Impact Areas
- Employment and training programs
- Veterans' education, employment, rehabilitation
Alternate Title(s) of Bill HR 1799
EMPLOY VETS Act
EMPLOY VETS Act
Ensure Military Personnel Learn Opportunities Yielding Vocations that Employ Transitioning Servicemembers Act
To amend title 38, United States Code, to expand eligibility for a certain program of job counseling, training, and placement service for veterans.
Comments
Sponsors and Cosponsors of HR 1799
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