| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2801 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to allow an increased work |
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| 6 | 6 | | opportunity credit with respect to veterans, and for other purposes. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | APRIL9, 2025 |
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| 9 | 9 | | Mr. V |
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| 10 | 10 | | ASQUEZintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Ways and Means |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Internal Revenue Code of 1986 to allow an |
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| 14 | 14 | | increased work opportunity credit with respect to vet- |
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| 15 | 15 | | erans, and for other purposes. |
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| 16 | 16 | | Be it enacted by the Senate and House of Representa-1 |
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| 17 | 17 | | tives of the United States of America in Congress assembled, 2 |
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| 18 | 18 | | SECTION 1. SHORT TITLE. 3 |
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| 19 | 19 | | This Act may be cited as the ‘‘Honor and Hire Vet-4 |
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| 20 | 20 | | erans Act of 2025’’. 5 |
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| 21 | 21 | | SEC. 2. WORK OPPORTUNITY CREDIT FOR VETERANS. 6 |
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| 22 | 22 | | (a) I |
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| 23 | 23 | | NGENERAL.—Section 51(a) of the Internal Rev-7 |
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| 24 | 24 | | enue Code of 1986 is amended by striking ‘‘equal to’’ and 8 |
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| 25 | 25 | | all that follows and inserting the following: ‘‘equal to— 9 |
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| 26 | 26 | | VerDate Sep 11 2014 02:05 Apr 23, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2801.IH H2801 |
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| 27 | 27 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 28 | 28 | | •HR 2801 IH |
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| 29 | 29 | | ‘‘(1) in the case of a qualified veteran, 50 percent 1 |
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| 30 | 30 | | of the qualified first-year wages for such year, and 2 |
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| 31 | 31 | | ‘‘(2) in all other cases, 40 percent of the qualified 3 |
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| 32 | 32 | | first-year wages for such year.’’. 4 |
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| 33 | 33 | | (b) I |
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| 34 | 34 | | NCREASEDLIMITATION ONWAGESTAKENINTO 5 |
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| 35 | 35 | | A |
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| 36 | 36 | | CCOUNT FOR VETERANS.—Section 51(b)(3) of such 6 |
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| 37 | 37 | | Code is amended— 7 |
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| 38 | 38 | | (1) by striking ‘‘$12,000’’ and inserting 8 |
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| 39 | 39 | | ‘‘$18,000’’, 9 |
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| 40 | 40 | | (2) by striking ‘‘$14,000’’ and inserting 10 |
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| 41 | 41 | | ‘‘$21,000’’, and 11 |
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| 42 | 42 | | (3) by striking ‘‘$24,000’’ and inserting 12 |
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| 43 | 43 | | ‘‘$36,000’’. 13 |
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| 44 | 44 | | (c) C |
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| 45 | 45 | | ONFORMINGAMENDMENTS RELATING TOINDI-14 |
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| 46 | 46 | | VIDUALSNOTMEETINGMINIMUMEMPLOYMENT PERI-15 |
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| 47 | 47 | | ODS.—Section 51(i)(3)(A) of such Code is amended by 16 |
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| 48 | 48 | | striking ‘‘employer’’ and all that follows and inserting the 17 |
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| 49 | 49 | | following: ‘‘employer— 18 |
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| 50 | 50 | | ‘‘(i) subsection (a)(1) shall be applied by 19 |
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| 51 | 51 | | substituting ‘25 percent’ for ‘50 percent’, and 20 |
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| 52 | 52 | | ‘‘(ii) subsection (a)(2) shall be applied by 21 |
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| 53 | 53 | | substituting ‘25 percent’ for ‘40 percent’.’’. 22 |
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| 54 | 54 | | VerDate Sep 11 2014 02:05 Apr 23, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2801.IH H2801 |
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| 55 | 55 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 56 | 56 | | •HR 2801 IH |
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| 57 | 57 | | (d) EFFECTIVEDATE.—The amendments made by 1 |
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| 58 | 58 | | this section shall apply to individuals who begin work for 2 |
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| 59 | 59 | | the employer after the date of the enactment of this Act. 3 |
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| 60 | 60 | | Æ |
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| 61 | 61 | | VerDate Sep 11 2014 02:05 Apr 23, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H2801.IH H2801 |
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| 62 | 62 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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