H.R. 2801

119 HR 2801 IH: Honor and Hire Veterans Act of 2025
 U.S. House of Representatives
 2025-04-09
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 2801  IN THE HOUSE OF REPRESENTATIVES   April 9, 2025   Mr. Vasquez  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to allow an increased work opportunity credit with respect to veterans, and for other purposes.
1.
Short title
This Act may be cited as the   Honor and Hire Veterans Act of 2025  .
2.
Work opportunity credit for veterans
(a)
In general
 Section 51(a)  of the Internal Revenue Code of 1986 is amended by striking  equal to  and all that follows and inserting the following:
equal to—
(1)
in the case of a qualified veteran, 50 percent of the qualified first-year wages for such year, and
(2)
in all other cases, 40 percent of the qualified first-year wages for such year.
 .
(b)
Increased limitation on wages taken into account for veterans
Section 51(b)(3) of such Code is amended—
(1)
by striking  $12,000  and inserting  $18,000 ,
(2)
by striking  $14,000  and inserting  $21,000 , and
(3)
by striking  $24,000  and inserting  $36,000 .
(c)
Conforming amendments relating to individuals not meeting minimum employment periods
Section 51(i)(3)(A) of such Code is amended by striking  employer  and all that follows and inserting the following:
employer—
(i)
subsection (a)(1) shall be applied by substituting  25 percent  for  50 percent , and
(ii)
subsection (a)(2) shall be applied by substituting  25 percent  for  40 percent .
 .
(d)
Effective date
The amendments made by this section shall apply to individuals who begin work for the employer after the date of the enactment of this Act.