To amend the Internal Revenue Code of 1986 to provide to employers a tax credit for compensation paid during the period employees are performing service as members of the Ready Reserve or the National Guard.
About This Bill
Committee
Latest Action · January 29, 2003
Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code to establish for employers a Ready Reserve-National Guard employee tax credit equal to 50 percent of the actual compensation amount for a taxable year. Defines "actual compensation amount" as the amount of compensation paid or incurred by an employer with respect to a Ready Reserve-National Guard employee on any day during a taxable year when the employee was absent from employment for the purpose of performing qualified active duty.
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