Hire A Hero Act of 2024
house
senate
president

Introduced on November 15, 2024 by Stacey E. Plaskett
Legislation Details
- Amends the Internal Revenue Code of 1986 to extend the work opportunity credit to small businesses hiring members of the Ready Reserve or National Guard.
- Adds members of the Ready Reserve and National Guard to the list of eligible individuals for the work opportunity credit.
- The amendments apply to wages paid or incurred after the enactment date, with current employees treated as beginning work on that date.
- Permanently extends the work opportunity credit for employers hiring qualified veterans and members of the Ready Reserve and National Guard.
- Establishes provisions for payments to U.S. possessions with mirror code tax systems to compensate for revenue losses due to the amendments.
- Requires coordination of credits allowed against U.S. income taxes with any credits or tax benefits provided by possessions of the United States.
- Defines terms related to U.S. possessions and mirror code tax systems for clarity in implementation.
Last updated 12/17/2024