H.R. 1570 · 112th Congress
To amend the Internal Revenue Code of 1986 to provide a tax credit to employers for the value of the service not performed during the period employees are performing service as members of the Ready Reserve or the National Guard.
- Stage
- In committee
- Sponsor
- Gus Bilirakis
- Introduced
- 2011-04-15
- Latest action
- 2011-04-15 · Introduced in House
Summary
Amends the Internal Revenue Code to provide employers a business tax credit for up to 10% of compensation not paid to their employees who were members of the Ready Reserve or National Guard absent from work to perform active duty. Limits such credit to $2,000 for any one Ready Reserve-National Guard employee per year.