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Increased Tax Credits for Businesses Hiring Veterans

This new law aims to encourage businesses to hire veterans by offering them larger tax credits. This could make it easier for veterans to find employment, while businesses benefit from lower taxes. These changes may improve veterans' financial situations and support their reintegration into the workforce.
Key points
Businesses hiring veterans can receive larger tax credits, reducing their costs.
The maximum wage amount for veterans, on which the credit is calculated, has been increased, leading to greater savings for employers.
The act seeks to facilitate employment for veterans and improve their economic well-being.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2801
Sponsor: Rep. Vasquez, Gabe [D-NM-2]
Process start date: 2025-04-09
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Honor and Hire Veterans Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2801.

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 2025-04-09.

What are the main provisions?

Key points include:

  • Businesses hiring veterans can receive larger tax credits, reducing their costs.
  • The maximum wage amount for veterans, on which the credit is calculated, has been increased, leading to greater savings for employers.
  • The act seeks to facilitate employment for veterans and improve their economic well-being.
What is the specific legal status?

The current status is Introduced.

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. Vasquez, Gabe [D-NM-2].

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 2025-12-22.

CATEGORIES

Taxes Labor Benefits