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Increased tax credits for businesses hiring unemployed veterans.

This act temporarily increases tax credits for businesses that hire unemployed veterans. This aims to encourage employers to offer jobs to individuals who have served in the military and are struggling to find employment. The changes apply to the 2021 tax year.
Key points
Businesses hiring unemployed veterans can receive larger tax credits in 2021.
The maximum tax credit for hiring a veteran increases from $6,000 to $12,000.
The maximum credit for hiring a long-term unemployed veteran increases from $14,000 to $28,000.
The goal is to support veterans in re-entering the workforce.
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Additional Information
Print number: 117_HR_3582
Sponsor: Rep. Fallon, Pat [R-TX-4]
Process start date: 2021-05-28
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veteran Employment Recovery Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3582.

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 2021-05-28.

What are the main provisions?

Key points include:

  • Businesses hiring unemployed veterans can receive larger tax credits in 2021.
  • The maximum tax credit for hiring a veteran increases from $6,000 to $12,000.
  • The maximum credit for hiring a long-term unemployed veteran increases from $14,000 to $28,000.
  • The goal is to support veterans in re-entering the workforce.
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. Fallon, Pat [R-TX-4].

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 2025-12-28.

CATEGORIES

Taxes Labor Benefits