H.R. 2466 · 111th Congress

Guard and Reserve Financial Stability Act of 2009

Stage
In committee
Sponsor
Nita Lowey
Introduced
2009-05-18
Latest action
2009-05-18 · Introduced in House

Summary

Guard and Reserve Financial Stability Act of 2009 - Amends the Internal Revenue Code to allow small employers (employers with 50 or fewer employees) a business tax credit for 50 percent of the lesser of: (1) actual compensation paid to each Ready Reserve-National Guard employee while on active duty or hospitalized incident to such duty; or (2) $30,000. Terminates such credit after 2009.

Allows employers a work opportunity tax credit for the hiring of temporary employees to replace Ready Reserve-National Guard employees for the period such employees are on active duty.