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Tax Credits for Businesses Hiring Ready Reserve and National Guard

This act introduces new tax credits for small businesses that hire individuals from the Ready Reserve or National Guard. The goal is to encourage employers to hire these individuals, potentially improving their job prospects. Additionally, this credit becomes permanent for veterans and reserve members, providing long-term support.
Key points
Small businesses can receive a tax credit for hiring members of the Ready Reserve or National Guard.
The tax credit for hiring qualified veterans and reserve members becomes permanent, with no expiration date.
The provisions also cover individuals already employed when the act takes effect, meaning immediate benefits for businesses.
The act includes provisions for payments to U.S. possessions to ensure they receive similar tax benefits.
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Additional Information
Print number: 118_HR_10146
Sponsor: Del. Plaskett, Stacey E. [D-VI-At Large]
Process start date: 2024-11-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Hire A Hero Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10146.

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 2024-11-15.

What are the main provisions?

Key points include:

  • Small businesses can receive a tax credit for hiring members of the Ready Reserve or National Guard.
  • The tax credit for hiring qualified veterans and reserve members becomes permanent, with no expiration date.
  • The provisions also cover individuals already employed when the act takes effect, meaning immediate benefits for businesses.
  • The act includes provisions for payments to U.S. possessions to ensure they receive similar tax benefits.
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 Del. Plaskett, Stacey E. [D-VI-At Large].

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 2025-12-24.

CATEGORIES

Taxes Labor