,i #aac? ,,congress #a/ ,session ,h4 ,r4 #ccie ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #cj1 #bjac ,ms4 ,br[nley ( ,cali=nia introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to ext5d ! "w opportunity cr$it = hir+ vet]ans1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,v[ to ,hire ,h]oes ,ext5sion ,act ( #bjac4 #b4 ,ext5sion ( "w opportunity cr$it = vet]ans 7a7 ,9 g5]al ,subp>agraph 7,b7 ( section #ea7;c77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ aft] ,decemb] #ca1 #bjac4 & ins]t+ 8aft]-- 7i7 ,decemb] #ca1 #bjag1 9 ! case ( a qualifi$ vet]an1 & 7ii7 ,decemb] #ca1 #bjac1 9 ! case ( any o!r individual4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to individuals :o beg9 "w = ! employ] aft] ,decemb] #ca1 #bjac4 #c4 ,simplifi$ c]tification ( vet]an /atus 7a7 ,9 g5]al ,subp>agraph 7,d7 ( section #ea7;d77#ac7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7,d7 ,pre-scre5+ ( qualifi$ vet]ans 7i7 ,9 g5]al ,subp>agraph 7,a7 %all be appli$ )\t reg>d to subclause 7,,ii7 ( clause 7ii7 !re( 9 ! case ( an individual seek+ treatm5t z a qualifi$ vet]an ) respect to :om ! pre-scre5+ notice conta9s-- 7,i7 qualifi$ vet]an /atus docum5tation1 7,,ii7 qualifi$ pro( ( unemploym5t comp5sation1 & 7,,iii7 an affidavit furni%$ by ! individual /at+1 "u p5alty ( p]jury1 t ! in=mation provid$ "u subclauses 7,i7 & 7,,ii7 is true4 7ii7 ,qualifi$ vet]an /atus docum5tation ,= purposes ( clause 7i71 ! t]m qualifi$ vet]an /atus docum5tation means any docum5tation provid$ to an individual by ! ,dep>tm5t ( ,def5se or ! ,national ,gu>d ^u release or dis*>ge f ! ,arm$ ,=ces :i* includes in=mation suffici5t to e/abli% t su* individual is a vet]an4 7iii7 ,qualifi$ pro( ( unemploym5t comp5sation ,= purposes ( clause 7i71 ! t]m qualifi$ pro( ( unemploym5t comp5sation means1 ) respect to an individual1 *ecks or o!r pro( ( receipt ( paym5t ( unemploym5t comp5sation to su* individual = p]iods aggregat+ n less ?an #d weeks 79 ! case ( an individual seek+ treatm5t "u p>agraph 7#c77;,a77iii771 or n less ?an #f mon?s 79 ! case ( an individual seek+ treatm5t "u clause 7ii77,,ii7 or 7iv7 ( p>agraph 7#c77;,a771 dur+ ! #a-ye> p]iod end+ on ! hir+ date4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to individuals :o beg9 "w = ! employ] aft] ! date ( ! enactm5t ( ?is ,act4 #d4 ,cr$it made available aga9/ payroll taxes 9 c]ta9 circum/ances 7a7 ,9 g5]al ,p>agraph 7#b7 ( section #eb7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ qualifi$ tax-exempt organizations 9 ! head+ & ins]t+ c]ta9 employ]s1 & 7#b7 by /rik+ by qualifi$ tax-exempt organizations & ins]t+ by c]ta9 employ]s4 7b7 ,cr$it all[$ to c]ta9 =-,pr(it employ]s ,subsection 7e7 ( section #caaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by ins]t+ or a qualifi$ =-pr(it employ] aft] ,if a qualifi$ tax-exempt organization 9 p>agraph 7#a71 7#b7 by /rik+ ) respect to :om a cr$it w\ld be all[able "u section #ch by reason ( section #ea if ! organization 7 n a qualifi$ tax-exempt organization 9 p>agraph 7#a71 7#c7 by ins]t+ or =-pr(it employ] aft] employees ( ! organization ea* place x appe>s 9 p>agraphs 7#a7 & 7#b71 7#d7 by ins]t+ 9 ! case ( a qualifi$ tax-exempt organization1 be=e by only tak+ into acc\nt 9 subp>agraph 7,c7 ( p>agraph 7#c71 7#e7 by ins]t+ or =-pr(it employ] aft] ! organization 9 p>agraph 7#d71 7#f7 by r$esignat+ subp>agraph 7,b7 ( p>agraph 7#e7 z subp>agraph 7,c7 ( su* p>agraph1 by /rik+ & at ! end ( subp>agraph 7,a7 ( su* p>agraph1 & by ins]t+ aft] subp>agraph 7,a7 ( su* p>agraph ! foll[+ new subp>agraph3 7,b7 ! t]m qualifi$ =-pr(it employ] means1 ) respect to a taxable ye>1 an employ] n describ$ 9 subp>agraph 7,a71 b only if-- 7i7 su* employ] does n h pr(its = any ( ! #c taxable ye>s prec$+ su* taxable ye>1 & 7ii7 su* employ] elects "u section #ea7;j7 n to h section #ea apply to su* taxable ye>1 & 1 & 7#g7 by /rik+ has mean+ giv5 su* t]m by section #ea7;d77#c7 9 subp>agraph 7,c7 ( p>agraph 7#e71 z s r$esignat$1 & ins]t+ means a qualifi$ vet]an 7)9 ! mean+ ( section #ea7;d77#c77 ) respect to :om a cr$it w\ld be all[able "u section #ch by reason ( section #ea if ! employ] ( su* vet]an 7 n a qualifi$ tax-exempt organization or a qualifi$ =-pr(it employ]4 7c7 ,transf]s to ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ,!re are h]eby appropriat$ to ! ,f$]al ,old-,age & ,survivors ,tru/ ,fund & ! ,f$]al ,disability ,insurance ,tru/ ,fund e/abli%$ "u section #bja ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja7 am\nts equal to ! r$uction 9 rev5ues to ! ,treasury by reason ( ! am5dm5ts made by subsections 7a7 & 7b74 ,am\nts appropriat$ by ! prec$+ s5t5ce %all be transf]r$ f ! g5]al fund at su* times & 9 su* mann] z to replicate to ! ext5t possible ! transf]s :i* w\ld h occurr$ to su* ,tru/ ,fund _h su* am5dm5ts n be5 enact$4 7d7 ,effective date ,! am5dm5ts made by subsections 7a7 & 7b7 %all apply to individuals :o beg9 "w = ! employ] aft] ! date ( ! enactm5t ( ?is ,act4 #e4 ,report ,n lat] ?an #b ye>s aft] ! date ( ! enactm5t ( ?is ,act1 & annually !reaft]1 ! ,commission] ( ,int]nal ,rev5ue1 9 consultation ) ! ,secret>y ( ,labor1 %all report to ! ,congress on ! effectiv5ess & co/-effectiv5ess ( ! am5dm5ts made by sections #b1 #c1 & #d 9 increas+ ! employm5t ( vet]ans4 ,su* report %all include ! results ( a survey1 conduct$1 if ne$$1 9 consultation ) ! ,vet]ans' ,employm5t & ,tra9+ ,s]vice ( ! ,dep>tm5t ( ,labor1 to det]m9e h[ _m vet]ans are hir$ by ea* employ] t claims ! cr$it "u section #ea1 by reason ( subsection 7d77#a77;,b7 !re(1 or #caaa7;e7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 #f4 ,treatm5t ( ,possessions 7a7 ,paym5ts to possessions 7#a7 ,mirror code possessions ,! ,secret>y ( ! ,treasury %all pay to ea* possession ( ! ,unit$ ,/ates ) a mirror code tax sy/em am\nts equal to ! loss to t possession by reason ( ! am5dm5ts made by ?is ,act4 ,su* am\nts %all be det]m9$ by ! ,secret>y ( ! ,treasury bas$ on in=mation provid$ by ! gov]nm5t ( ! respective possession ( ! ,unit$ ,/ates4 7#b7 ,o!r possessions ,! ,secret>y ( ! ,treasury %all pay to ea* possession ( ! ,unit$ ,/ates :i* does n h a mirror code tax sy/em ! am\nt e/imat$ by ! ,secret>y ( ! ,treasury z be+ equal to ! loss to t possession t w\ld h occurr$ by reason ( ! am5dm5ts made by ?is ,act if a mirror code tax sy/em _h be5 9 effect 9 su* possession4 ,! prec$+ s5t5ce %all n apply ) respect to any possession ( ! ,unit$ ,/ates unless su* possession e/abli%es to ! satisfaction ( ! ,secret>y t ! possession has implem5t$ 7or1 at ! discretion ( ! ,secret>y1 w implem5t7 an income tax b5efit :i* is sub/antially equival5t to ! income tax cr$it 9 effect aft] ! am5dm5ts made by ?is ,act4 7b7 ,coord9ation ) cr$it all[$ aga9/ unit$ /ates income taxes ,! cr$it all[$ aga9/ ,unit$ ,/ates income taxes = any taxable ye> "u ! am5dm5ts made by ?is ,act to section #ea ( ! ,int]nal ,rev5ue ,code ( #aihf to any p]son ) respect to any qualifi$ vet]an %all be r$uc$ by ! am\nt ( any cr$it 7or o!r tax b5efit describ$ 9 subsection 7a77#b77 all[$ to su* p]son aga9/ income taxes impos$ by ! possession ( ! ,unit$ ,/ates by reason ( ?is section ) respect to su* qualifi$ vet]an = su* taxable ye>4 7c7 ,def9itions & special rules 7#a7 ,possession ( ! unit$ /ates ,= purposes ( ?is section1 ! t]m possession ( ! ,unit$ ,/ates includes ,am]ican ,samoa1 ,guam1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ! ,commonweal? ( ,pu]to ,rico1 & ! ,unit$ ,/ates ,virg9 ,isl&s4 7#b7 ,mirror code tax sy/em ,= purposes ( ?is section1 ! t]m mirror code tax sy/em means1 ) respect to any possession ( ! ,unit$ ,/ates1 ! income tax sy/em ( su* possession if ! income tax liability ( ! resid5ts ( su* possession "u su* sy/em is det]m9$ by ref]5ce to ! income tax laws ( ! ,unit$ ,/ates z if su* possession 7 ! ,unit$ ,/ates4 7#c7 ,treatm5t ( paym5ts ,= purposes ( section #acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates ,code1 ! paym5ts "u ?is section %all be treat$ 9 ! same mann] z a refund due f cr$it provisions describ$ 9 su* section4