H.R. 3582 — Introduced in House

I 117th CONGRESS 1st Session H. R. 3582 IN THE HOUSE OF REPRESENTATIVES May 28, 2021Mr. Fallon (for himself, Mr. Jackson, Mr. Veasey, and Mr. Vela) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to temporarily increase the work opportunity tax credit as applied to certain veterans. 1. Short title This Act may be cited as the Veteran Employment Recovery Act. 2. Temporary increase in Work Opportunity Credit amounts for certain veterans (a) In general Section 51(b) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4) Special rule for taxable year 2021 In the case of a taxable year beginning in 2021, paragraph 3 shall be applied with respect to an unemployed veteran by substituting $12,000 for $6,000 and by substituting $28,000 for 14,000. . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2020.