,i #aafth ,,congress #ast ,session ,h4 ,r4 #ceej ,,in ,,the ,,house ,,of ,,representatives ,june #bg1 #bjai,ms4 ,brownley of ,california introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to extend the work opportunity credit for hiring veterans1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,vow to ,hire ,heroes ,extension ,act of #bjai4 #b4 ,extension of work opportunity credit for veterans 7a7 ,in general ,section #ea7;c7 of the ,internal ,revenue ,code of #aihf is amended by striking paragraph 7#d7 and redesignating paragraph 7#e7 as paragraph 7#d74 7b7 ,effective date ,the amendments made by this section shall apply to individuals who begin work for the employer after ,december #ca1 #bjah4 #c4 ,simplified certification of veteran status 7a7 ,in general ,subparagraph 7,d7 of section #ea7;d77#ac7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7,d7 ,pre-screening of qualified veterans 7i7 ,in general ,subparagraph 7,a7 shall be applied without regard to subclause 7,,ii7 of clause 7ii7 thereof in the case of an individual seeking treatment as a qualified veteran with respect to whom the pre-screening notice contains-- 7,i7 qualified veteran status documentation1 7,,ii7 qualified proof of unemployment compensation1 and 7,,iii7 an affidavit furnished by the individual stating1 under penalty of perjury1 that the information provided under subclauses 7,i7 and 7,,ii7 is true4 7ii7 ,qualified veteran status documentation ,for purposes of clause 7i71 the term qualified veteran status documentation means any documentation provided to an individual by the ,department of ,defense or the ,national ,guard upon release or discharge from the ,armed ,forces which includes information sufficient to establish that such individual is a veteran4 7iii7 ,qualified proof of unemployment compensation ,for purposes of clause 7i71 the term qualified proof of unemployment compensation means1 with respect to an individual1 checks or other proof of receipt of payment of unemployment compensation to such individual for periods aggregating not less than #d weeks 7in the case of an individual seeking treatment under paragraph 7#c77;,a77iii771 or not less than #f months 7in the case of an individual seeking treatment under clause 7ii77,,ii7 or 7iv7 of paragraph 7#c77;,a771 during the #a-year period ending on the hiring date4 4 7b7 ,effective date ,the amendment made by this section shall apply to individuals who begin work for the employer after the date of the enactment of this ,act4 #d4 ,credit made available against payroll taxes in certain circumstances 7a7 ,in general ,section #eb7;c7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in the heading by striking ,tax-exempt organizations and inserting ,certain employers1 7#b7 in paragraph 7#b7-- 7,a7 by striking qualified tax-exempt organizations in the heading and inserting certain employers1 and 7,b7 by striking by qualified tax-exempt organizations in the text and inserting by certain employers4 7b7 ,credit allowed to certain for-,profit employers 7#a7 ,in general ,paragraph 7#a7 of section #caaa7;e7 of such ,code is amended by inserting or a qualified for-profit employer after ,if a qualified tax-exempt organization4 7#b7 ,qualified for-profit employer defined ,paragraph 7#e7 of section #caaa7;e7 of such ,code is amended by striking and at the end of subparagraph 7,a71 by redesignating subparagraph 7,b7 as subparagraph 7,c71 and by inserting after subparagraph 7,a7 the following new subparagraph3 7,b7 the term qualified for-profit employer means1 with respect to a taxable year1 an employer not described in subparagraph 7,a71 but only if-- 7i7 such employer does not have profits for any of the #c taxable years preceding such taxable year1 and 7ii7 such employer elects under section #ea7;j7 not to have section #ea apply to such taxable year1 and 4 7#c7 ,conforming amendments 7,a7 ,section #caaa7;e77#a7 of such ,code is amended by striking with respect to whom a credit would be allowable under section #ch by reason of section #ea if the organization were not a qualified tax-exempt organization4 7,b7 ,paragraphs 7#a7 and 7#b7 of section #caaa7;e7 of such ,code are both amended by inserting or for-profit employer after employees of the organization each place it appears4 7,c7 ,section #caaa7;e77#c77;,c7 of such ,code is amended by inserting in the case of a qualified tax-exempt organization1 before by only taking into account4 7,d7 ,section #caaa7;e77#d7 of such ,code is amended by inserting or for-profit employer after the organization4 7,e7 ,section #caaa7;e77#e77;,c7 of such ,code1 as redesignated by paragraph 7#b71 is amended to read as follows3 7,c7 the term qualified veteran means a qualified veteran 7within the meaning of section #ea7;d77#c77 with respect to whom a credit would be allowable under section #ch by reason of section #ea if the employer of such veteran were not a qualified tax-exempt organization or a qualified for-profit employer4 4 7c7 ,transfers to ,federal ,old-,age and ,survivors ,insurance ,trust ,fund ,there are hereby appropriated to the ,federal ,old-,age and ,survivors ,trust ,fund and the ,federal ,disability ,insurance ,trust ,fund established under section #bja of the ,social ,security ,act 7#db ,u4,s4,c4 #dja7 amounts equal to the reduction in revenues to the ,treasury by reason of the amendments made by subsections 7a7 and 7b74 ,amounts appropriated by the preceding sentence shall be transferred from the general fund at such times and in such manner as to replicate to the extent possible the transfers which would have occurred to such ,trust ,fund had such amendments not been enacted4 7d7 ,effective date ,the amendments made by subsections 7a7 and 7b7 shall apply to individuals who begin work for the employer after the date of the enactment of this ,act4 #e4 ,report ,not later than #b years after the date of the enactment of this ,act1 and annually thereafter1 the ,commissioner of ,internal ,revenue1 in consultation with the ,secretary of ,labor1 shall report to the ,congress on the effectiveness and cost-effectiveness of the amendments made by sections #b1 #c1 and #d in increasing the employment of veterans4 ,such report shall include the results of a survey1 conducted1 if needed1 in consultation with the ,veterans' ,employment and ,training ,service of the ,department of ,labor1 to determine how many veterans are hired by each employer that claims the credit under section #ea1 by reason of subsection 7d77#a77;,b7 thereof1 or #caaa7;e7 of the ,internal ,revenue ,code of #aihf4 #f4 ,treatment of ,possessions 7a7 ,payments to possessions 7#a7 ,mirror code possessions ,the ,secretary of the ,treasury shall pay to each possession of the ,united ,states with a mirror code tax system amounts equal to the loss to that possession by reason of the amendments made by this ,act4 ,such amounts shall be determined by the ,secretary of the ,treasury based on information provided by the government of the respective possession of the ,united ,states4 7#b7 ,other possessions ,the ,secretary of the ,treasury shall pay to each possession of the ,united ,states which does not have a mirror code tax system the amount estimated by the ,secretary of the ,treasury as being equal to the loss to that possession that would have occurred by reason of the amendments made by this ,act if a mirror code tax system had been in effect in such possession4 ,the preceding sentence shall not apply with respect to any possession of the ,united ,states unless such possession establishes to the satisfaction of the ,secretary that the possession has implemented 7or1 at the discretion of the ,secretary1 will implement7 an income tax benefit which is substantially equivalent to the income tax credit in effect after the amendments made by this ,act4 7b7 ,coordination with credit allowed against ,united ,states income taxes ,the credit allowed against ,united ,states income taxes for any taxable year under the amendments made by this ,act to section #ea of the ,internal ,revenue ,code of #aihf to any person with respect to any qualified veteran shall be reduced by the amount of any credit 7or other tax benefit described in subsection 7a77#b77 allowed to such person against income taxes imposed by the possession of the ,united ,states by reason of this section with respect to such qualified veteran for such taxable year4 7c7 ,definitions and special rules 7#a7 ,possession of the united states ,for purposes of this section1 the term possession of the ,united ,states includes ,american ,samoa1 ,guam1 the ,commonwealth of the ,northern ,mariana ,islands1 the ,commonwealth of ,puerto ,rico1 and the ,united ,states ,virgin ,islands4 7#b7 ,mirror code tax system ,for purposes of this section1 the term mirror code tax system means1 with respect to any possession of the ,united ,states1 the income tax system of such possession if the income tax liability of the residents of such possession under such system is determined by reference to the income tax laws of the ,united ,states as if such possession were the ,united ,states4 7#c7 ,treatment of payments ,for purposes of section #acbd7;b77#b7 of title #ca1 ,united ,states ,code1 the payments under this section shall be treated in the same manner as a refund due from credit provisions described in such section4