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Tax Credits for Employers of Military Reservists

This act introduces new tax credits for small and medium-sized businesses that employ members of the National Guard or Armed Forces reservists. The goal is to encourage employers to support individuals serving in the military, which can help reservists find employment and financial stability.
Key points
Businesses with fewer than 500 employees can receive a tax credit of 40% of wages paid to reservists.
The credit amount depends on the number of days of service by the reservist in a given year, with a maximum of up to $10,000 per reservist annually.
The credit can be deducted from income tax or, in some cases, from payroll tax, potentially providing faster financial benefits for employers.
The changes apply to wages paid in taxable years beginning after December 31, 2020.
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Additional Information
Print number: 117_HR_1854
Sponsor: Rep. Ryan, Tim [D-OH-13]
Process start date: 2021-03-11
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

RECRUIT Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1854.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-11.

What are the main provisions?

Key points include:

  • Businesses with fewer than 500 employees can receive a tax credit of 40% of wages paid to reservists.
  • The credit amount depends on the number of days of service by the reservist in a given year, with a maximum of up to $10,000 per reservist annually.
  • The credit can be deducted from income tax or, in some cases, from payroll tax, potentially providing faster financial benefits for employers.
  • The changes apply to wages paid in taxable years beginning after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ryan, Tim [D-OH-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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Taxes Labor Security