HR 7072 · 115th Congress · Taxation

Reserve Component Employer Incentive, Compensation, and Relief Act of 2018

Introduced 2018-10-16· Sponsored by Rep. Walz, Timothy J. [D-MN-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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

Cosponsors (2)

1 Democrat1 Republican