H.R. 2296 · 109th Congress
Guard and Reserve Financial Stability Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LoweySponsorNo cosponsors.
Guard and Reserve Financial Stability Act of 2005 - Amends the Internal Revenue Code to allow small employers (employers with 50 or fewer employees) a business tax credit for 50 percent of the lesser of: (1) actual compensation paid to each Ready Reserve-National Guard employee while on active duty or hospitalized incident to such duty; or (2) $30,000.
What it does: CRS summary · Introduced in House · May 11, 2005
Guard and Reserve Financial Stability Act of 2005 - Amends the Internal Revenue Code to allow small employers (employers with 50 or fewer employees) a business tax credit for 50 percent of the lesser of: (1) actual compensation paid to each Ready Reserve-National Guard employee while on active duty or hospitalized incident to such duty; or (2) $30,000. Terminates such credit after 2006.
Allows employers a work opportunity tax credit for the hiring of temporary employees to replace Ready Reserve-National Guard employees for the period such employees are on active duty.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Guard and Reserve Financial Stability Act of 2005
Latest action (May 11, 2005): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 11, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.