Introduced in House

[Congressional Bills 114th Congress] [From the U.S. Government Publishing Office] [H.R. 145 Introduced in House (IH)] 114th CONGRESS 1st Session H. R. 145 To amend the Internal Revenue Code of 1986 to make permanent the work opportunity tax credit and to allow the transfer of such credit in the case of contracted veterans. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 6, 2015 Mr. Jolly 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 make permanent the work opportunity tax credit and to allow the transfer of such credit in the case of contracted veterans. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. WORK OPPORTUNITY TAX CREDIT MADE PERMANENT.

SECTION 1. WORK OPPORTUNITY TAX CREDIT MADE PERMANENT. (a) In General.--Subsection (c) of section 51 of the Internal Revenue Code of 1986 is amended by striking paragraph (4). (b) Effective Date.--The amendment made by this section shall apply to individuals who begin work for the employer after December 31, 2014.

SEC. 2. TRANSFER OF CREDIT IN CASE OF CONTRACTED VETERANS.

SEC. 2. TRANSFER OF CREDIT IN CASE OF CONTRACTED VETERANS. (a) In General.--Section 51 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(l) Special Rule for Contracted Veteran Employees.-- ``(1) In general.--In the case of an employee who-- ``(A) is a qualified veteran, and ``(B) receives remuneration by an employer for qualified computer services performed by the individual for another person, if the employer so elects, the amount of credit determined under this section (or any portion thereof specified in the election) with respect to such employee for the taxable year which would (but for this subsection) be allowable to the employer shall be allowable to such other person, and such other person shall be treated as the taxpayer for purposes of this title with respect to such credit (or such portion thereof). ``(2) Qualified computer services.--For purposes of this subsection, the term `qualified computer services' means services of a type that would be classified as a computer occupation in the Bureau of Labor Statistics Standard Occupational Classification System. ``(3) Year credit allowed.--In the case of an election under paragraph (1), the credit shall be allowable for the first taxable year of such other person ending with or after the employer's taxable year for which the credit was determined.''. (b) Effective Date.--The amendment made by this section shall apply to individuals who begin work for the employer after December 31, 2014.