To amend the Internal Revenue Code of 1986 to increase the differential wage payment credit.
Reservist Pay Equity Act of 2020
This bill increases the rate of the differential wage payment tax credit from 20% to 50% and requires that the maximum dollar amount of such credit be adjusted for inflation after 2021. The credit is allowed to employers for their employees who are active duty members of the uniformed services.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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