A bill to promote the employment of unemployed Vietnam veterans.

Allows as a credit against the tax imposed by the Internal Revenue Code a percentage of a taxpayer's employment expenses in employing a Vietnam veteran. Gives preference in percentages allowed as a credit to the hiring of a person who is physically handicapped, or who was a prisoner of war or missing in action.

Specifies qualifying expenses and the percentages allowed depending on the length of a veteran's employment.

Requires the payment of the higher of either the minimum wage or the prevailing wage.

Defines terms and sets forth regulations for purposes of this Act. (Amends 16 U.S.C. 42)