HR 7072 · 115th Congress · Taxation
Reserve Component Employer Incentive, Compensation, and Relief Act of 2018
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2018-10-16)
Plain Language Summary
[AI summary unavailable — showing source text]
Reserve Component Employer Incentive, Compensation, and Relief Act of 2018 This bill amends the Internal Revenue Code to allow a tax credit for certain employers of reservists (i.e., members of the National Guard or a reserve component of the Armed Forces). The tax credit is equal to $1,000 for each reservist employed during the year, plus an additional amount that ranges from $3,000 to $10,000, depending on the number of days the reservist serves in the uniformed services during the year.…
Summarized by Claude AI · Non-partisan · For informational purposes only