To amend the Internal Revenue Code of 1986 to allow employers a $1,000 credit against income tax for every 3 years that they employ a military reservist.
Reservists' Employment Act of 2004 - Amends the Internal Revenue Code to allow employers a business tax credit for employing a military reservist as a full time employee for a three-year period. Sets the amount of such credit at $1,000 and allows the credit to be taken in the taxable year in which the military reservist's three-year employment period ends. Allows an inflation adjustment to the credit amount after 2005.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1634)
Referred to the House Committee on Ways and Means.
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