,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bach  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ac1 #bjad ,mrs4  
,%ahe5 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to provide a       
payroll tax holiday = newly hir$        
vet]ans4  #a4  ,%ort title ,?is ,act may
 be cit$ z ! ,vet]ans ,hir+ ,act4  #b4  
,employee payroll tax holiday = newly   
hir$ vet]ans  7a7 ,9 g5]al ,subsection  
7d7 ( section #caaa ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$ to read z       
foll[s3  7d7 ,special exemption =       
eligible vet]ans hir$ dur+ c]ta9 cal5d> 
qu>t]s  7#a7 ,9 g5]al ,subsection 7a7   
%all n apply to #ej p]c5t ( ! wages paid
 by ! employ] ) respect to employm5t    
dur+ ! holiday p]iod ( any eligible     
vet]an = s]vices p]=m$-- 7,a7 9 a trade 
or bus9ess ( ! employ]1 or  7,b7 9 !    
case ( an employ] exempt f tax "u       
section #eja7;a71 9 fur!rance ( !       
activities relat$ to ! purpose or       
function con/itut+ ! basis ( ! employ]'s

 exemption "u su* section4  7#b7        
,holiday p]iod ,= purposes ( ?is        
subsection1 ! t]m holiday p]iod means ! 
p]iod ( #d consecutive cal5d> qu>t]s    
beg9n+ ) ! fir/ day ( ! fir/ cal5d>     
qu>t] beg9n+ aft] ! date ( ! enactm5t ( 
! ,vet]ans ,hir+ ,act4  7#c7 ,eligible  
vet]an ,= purposes ( ?is subsection--   
7,a7 ,9 g5]al ,! t]m eligible vet]an    
means a vet]an :o-- 7i7 beg9s "w = !    
employ] dur+ ! holiday p]iod1  7ii7 0   
dis*>g$ or releas$ f ! ,arm$ ,=ces ( !  
,unit$ ,/ates "u conditions o!r ?an     
di%onorable1 &  7iii7 is n an individual
 describ$ 9 section #ea7;i77#a7 7appli$ 
by sub/itut+ employ] = taxpay] ea* place
 x appe>s74  7,b7 ,vet]an ,! t]m vet]an 
means any individual :o-- 7i7 has s]v$  
on active duty 7o!r ?an active duty =   
tra9+7 9 ! ,arm$ ,=ces ( ! ,unit$ ,/ates
 = a p]iod ( m ?an #ahj days1 or has be5
 dis*>g$ or releas$ f active duty 9 !   
,arm$ ,=ces ( ! ,unit$ ,/ates = a       
s]vice-connect$ disability 7)9 ! mean+ (
 section #aja ( title #ch1 ,unit$ ,/ates

 ,code71  7ii7 has n s]v$ on ext5d$     
active duty 7z su* t]m is us$ 9 section 
#ea7;d77#c77;,b77 9 ! ,arm$ ,=ces ( !   
,unit$ ,/ates on any day dur+ ! #fj-;day
 p]iod end+ on ! hir+ date1 &  7iii7    
provides to ! employ] a copy ( !        
individual's ,,dd ,=m #bad1 ,c]tificate 
( ,release or ,dis*>ge f ,active ,duty1 
t includes ! nature & type ( dis*>ge4   
7#d7 ,election ,an employ] may elect n  
to h ?is subsection apply4 ,su* election
 %all be made 9 su* mann] z ! ,secret>y 
may require4  7#e7 ,coord9ation ) "w    
opportunity cr$it ,= coord9ation ) ! "w 
opportunity cr$it1 see section          
#ea7c77;,d74  4  7b7 ,coord9ation ) "w  
opportunity cr$it  7#a7 ,9 g5]al        
,p>agraph 7#c7 ( section #ea ( !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subp>agraph3  7,d7 ,d5ial ( cr$it =     
vet]ans subject to #ej p]c5t payroll tax
 holiday ,if section #caaa7;d77#a7 7z   
am5d$ by ! ,vet]ans ,hir+ ,act7 applies 
to any wages paid by an employ]1 ! t]m  

qualifi$ vet]an does n include any      
individual :o beg9s "w = ! employ] dur+ 
! holiday p]iod 7z def9$ 9 section      
#caaa7;d77#b77 unless ! employ] makes an
 election n to h section #caaa7;d7      
apply4  4  7#b7 ,con=m+ am5dm5t         
,subsection 7c7 ( section #ea ( su*     
,code is am5d$ by /rik+ p>agraph 7#e74